Announcement of Company No. 001/23 Subject: GPSC Risk Management Policy
Global Power Synergy Public Company Limited (GPSC) strongly believes that a systematic business operation along with risk management that covers all business activities as well as the effective internal control and internal auditing will drive GPSC to sustainably achieve its strategic objectives under volatile business environment and competition.
Policy and practices of GPSC risk management have been defined as follows:
- GPSC will establish enterprise risk management system, framework, and procedure, which areinterrelated among the corporate level, functional level, and GPSC Group level according toits strategy, objectives, and dynamic environment, to align with international standard as well aswill continuously conduct risk assessment, risk monitoring, and risk management efficiently.
- GPSC will allocate resources and provide ways of support to ensure that risk management will beappropriately and most effectively implemented.
- GPSC Risk Management Committee are responsible for governing and promoting risk managementactivities, which cover all dimensions including strategy and investment, finance, business, technologyand operation, laws and regulation, human resource and organization along with environmental, social,and governance risk (ESG risk), fraud and corruption risk, and emerging risks (e.g., informationtechnology and cybersecurity) of GPSC Group, as well as providing suggestion, monitoring,and evaluating the result which complies to enterprise risk management framework in order to ensurethat GPSC has sufficient and appropriate risk management that can be promptly respond to businessimpact.
- GPSC Risk Management and Internal Control Committee are responsible for implementing overall riskmanagement and developing enterprise risk management to align with international standard as wellas defining the responsible person to be accountable for risk mitigation in order to follow upthe progress effectively.
- With the reasonable assurance and managing risk within GPSC’s Risk Appetite under best interestof the company and stakeholders, all executives and employees are responsible to comply withthe GPSC risk management policy and practices as well as to report the result according toGPSC risk management process.
Issued on 4 January 2023
Mr. Noppadol Pinsupa
Chairman of the Risk Management Committee
