Page 56 - TICON Industrial Connection Public Company Limited : : Annual Report 2014 EN

Message from the Report of the Report of the Company
Chairman Audit Committee on Risk Management Com- Financial Factory/ Social Board of Directors General Overview of Nature of
of the Board Corporate Governance mittee Highlights Warehouse Responsibilities and Management Information Business Business

2. Nominate members of the Board and Committees for the Board and/or shareholders to
appoint.

3. Recruit and appoint those nominees to be President and Managing Director.

8. RISK MANAGEMENT COMMITTEE

As of 31 December 2014, the Company s Risk Management Committee consists of seven
members, as follows:

1. Mr. Threekwan Bunnag Chairman of the Committee
2. Mr. Virapan Pulges Committees member
3. Dr. Somsak Chaiyaporn Committees member
4. Mr. Patan Somburanasin Committees member
5. Miss Lalitphant Phiriyaphant Committees member
6. Mr. Samart Rusmeerojwong* Committees member
7. Mr. Peerapat Srisukont Committees member and Secretary to the Committee

* On 11 November 2014, Mr. Samart Rusmeerojwong was appointed as risk management committee.

Roles, duties and responsibilities of the Risk Management Committee

1. Regulate and support risk management procedure to be in line with the Company s
strategies and objectives, responding to any risk situation change.

2. Consider Risk Management Policy and procedures in all areas, e.g. credit risk, market risk,
operational risk, strategic risk, liquidity risk and other risks, such as regulatory risks.

3. Assess the Company s risks in the areas mentioned in item 2.

4. Define and review risk management tools and guidelines to ensure that they are efficient
and appropriate with regard to the overall risk associated with the operation.

5. Determine and review risk limits and corrective measures.

6. Follow up with risk assessments which assume both normal operational mode and crisis
situations (stress testing).

7. Evaluate the risk entailed in operating new businesses and trading new products.
Furthermore, to define preventive measures to deal with the risk derived from transactions.

8. Review and improve, if needed, the Charter of the Risk Management Committee, and

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Annual Report 2014