The Company policy is to assess the possibilities of risks before investing and operating the new businesses. The assessment is complied with the international standard and the results of risk assessment should be acceptable, limited focus, tolerable but caution or management Discretion/Medium Risk in order to control risks and remain in the acceptable stage as well as to prevent any possible damages. This will strengthen the Company's success in entrepreneurship, business continuity and sustainability. Risk Management Committee has prepared The Risk Management Handbook with an approval by the Board of Directors on 30th September 2016.
Risk Management Committee conducts risk assessment before the Company is entering into the new business. The potential investment or project will be assessed to search for possible risks in business operation. Risk assessment results will be submitted to the Board of Directors for further approval. Risk assessment considers two main topics as followed:
1. Operational Risk Assessment followed the standard of COSO (The Committee of Sponsoring Organizations of the Treadway Commission, 2004)
2. Anti-Corruption Risk Assessment followed the standard of Self-Evaluation Process of The Private Sector Collective Action Coalition Against Corruption (CAC)
Risk Management Manual