To ensure efficient management of every department within the Company, three management-level committees – namely, the Risk Management Committee, the Investment Committee, and the Commodity Risk Management Committee – have been established. These three management-level committees are obliged to report to the Audit Committee and the Board of Directors.
The Risk Management Committee is comprised of:
- Chief Executive Officer
- Chief Operating Officer
- Chief Financial Officer
- Head of Corporate Services
- Head of Strategy and Business Development
- Vice President (VP)- Internal Audit.
To define the risk management policy framework and process
To promote the implementation and monitoring of risk management strategies and policies.
According to Banpu’s risk management policy, any hazard or uncertainty event that threatens the Company’s achievement of business objectives or business plans shall be managed in a systematic manner and in accordance with the risk management best practices, in order to protect the Company from losses and to capture opportunities.
The Investment Committee is comprised of:
- Chief Executive Officer
- Chief Operating Officer
- Chief Financial Officer
- Head of Corporate Services
- Head of Strategy & Business Development
To assist the CEO in the evaluation of project opportunities.
To allocate resources to the appropriate development stage in Banpu’s best interest.
Among others, the following, but not limited to, key assessment areas shall be considered by the Investment Committee:
- Strategic fit with the Company’s objectives
- Equity participation / Management control
- Project economics in relation to the undertaking’s risks
- Technology
- Financing structure / Portfolio impact
- Social and environmental impact
The Commodity Risk Management Committee is comprised of:
- Chief Executive Officer
- Chief Operating Officer
- Chief Financial Officer
- Head of Strategy & Business Development
- Head of Marketing, Sales & Logistics
- Financial Advisor.
To oversee and carry out the Company’s day-to-day commodity risk management
(at present, only Coal and Gas Oil)
To establish and maintain an effective management control system for
the
commodity hedging, and supervise the risk monitoring and control to ensure
conformity with all regulatory requirements
To inform the Board of the progress of its principal works through the CEO/President,
Director or a designated person
To avoid risks due to changes in market-price conditions
To define the risk management policy framework and process 
