The Risk Management and Sustainable Development Committee

The Risk Management and Sustainable Development Committee consists of independent director, Managing Director and top management from relevant departments. The Company prioritizes the importance of sustainable development covering 3 dimensions, i.e. environment, social and good corporate governance.

The working group conducts risk assessment at all levels of the organization which covers strategic, operational, financial, liquidity, investment, regulatory and legal risks. The assessment involves evaluation, analysis and risk prioritization, setting guidelines and strategies of risk management. The Company has been managing high, medium and low risks, respectively, to manage the Company’s risks to be at an acceptable level using reasonable costs.

The Company has set a system to monitor and report on risk management results regularly, promptly and timely. The management can monitor risks through the Risk Monitor Tools in the form of Computer Based on the Company’s EIS system. The system is updated monthly and report will be issued to the risk owner for monitoring, analyzing, evaluating and managing the risks. The Company holds meetings on risk management results at least twice a year.

In addition, the Board of Directors understands the importance of sustainable development. Hence, the Risk Management and Sustainable Development Committee has been assigned to set the framework of sustainable operations to be a working guideline in order to follow the Company’s sustainable development process which is an important mechanism to achieve business success.