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 Audit Committee 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
– To define the risk management policy framework and process
– To promote the implementation and monitoring of risk management strategies and policies
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.