To ensure efficient management within the Company, 5 management-level committees – namely, the Succession Planning Committee, the Investment Committee, the Risk Management Committee, the Commodity Risk Management Committee, and the Sustainable Development Committee – have been established. These 5 management-level committees are obliged to report to the relevant subcommittees and the Board of Directors, accordingly.
The Risk Management Committee is composed of:
- Mr.Sinon Vongkusolkit (Executive Director/Chief Executive Officer) as chairperson
- Dr.Kirana Limpaphayom (Chief Operating Officer)
- Mr.Smittipon Srethapramote (Chief Executive Officer of Banpu Next)
- Ms.Arisara Sakulkarawek (Chief Financial Officer)
- Mr.Wittapon Jawjit (Head of Human Resources)
- Mr.Jirameth Achcha (Head of Corporate Services)
- Mr.Virach Vudhidhanaseth (Head of Group Strategy and Risk Management)
With the Corporate Risk Manager serving as the secretary of the Risk Management Committee
Roles and Responsibilities of the Risk Management Committee
- Define the policy framework and processes for risk management
- Promote and implement the risk strategy and policy and provide guidance on the management of risk
- Monitor progress of any major risk mitigation strategies including status of risk assessments for major project
- Support the monitoring of risks across Banpu
- Report to the Board / relevant committees on the adequacy of Banpu’s systems and controls for managing risk
Banpu's Risk Management Policy
According to Banpu’s risk management policy, apart from professional risk assessment provision for capturing business opportunities to the company, any hazards or unforeseen event that threaten 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.