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Role and Responsibilities of the Risk Management Committee

The Risk Management Committee consists of directors who are appointed by the Board of Directors. Their names are listed below. Mr. Suteep Thummarugee, Senior Vice President - Head of Corporate Planning Division, acts as the Committee’s secretary.

Education/Training

  • Master of Arts (Urban Studies), Long Island University, U.S.A.
  • Bachelor of Art (Political Science), Kasetsart University
  • Diploma, The National Defence Course (Class 61), National Defence College
  • The Executive Program in Energy Literacy for a Sustainable Future (TEA), Class 7, Thailand Energy Academy
  • Public Director Certification Program, Class 10, Public Director Institute, King Prajadhipok’s Institute
  • E-Government Executive Program (e-GAP), Class 2, Electronic Government Agency (Public Organization)
  • Strengthen Ministry Inspector General Skills (2010), Office of the Civil Service Commission and The Prime Minister’s Office
  • Civil Service Executive Program: Visionary and Moral Leadership, Class 66, Office of the Civil Service Commission

Training related to Director's Roles

  • Director Certification Program (DCP 248/2017), Thai Institute of Directors Association

Other Current Positions

  • Director-General, Department of Energy Business, Ministry of Energy
  • Director, Electricity Generating Authority of Thailand
  • Chairman of the Corporate Governance and Social Responsibility Committee, Electricity Generating Authority of Thailand
  • Chairman of the Deputy Governor and Assistant Governor Nomination Committee, Electricity Generating Authority of Thailand
  • Executive Committee, Electricity Generating Authority of Thailand

Previous Working Experiences

  • 2018: Deputy Permanent Secretary, Ministry of Energy
  • 2009-2018: Inspector General, Ministry of Energy
  • 2007-2009: Director, Bureau of Central Administrative Bureau of Central Administrative, Office of the Permanent Secretary
  • 2006-2007: Chief of Office of the Minister , Ministry of Energy

Education/Training

  • Master of Political Science (Politics and Governments), Sukhothai Thammathirat Open University
  • Bachelor of Law, Thammasat University
  • Institute of Legal Education of the Thai Bar
  • The Joint State-Private Sector Course, Class 4212, Thailand National Defence College

Training related to Director’s Roles

  • Financial Statements for Directors (FSD 38/2019), Thai Institute of Directors Association
  • How to Develop a Risk Management Plan (HRP 8/2015), Thai Institute of Directors Association
  • Risk Management Program for Corporate Leaders (RCL 1/2015), Thai Institute of Directors Association
  • Director Certification Program (DCP 99/2008), Thai Institute of Directors Association
  • Audit Committee Program (ACP 21/2008), Thai Institute of Directors Association
  • Director Accreditation Program (DAP 67/2007), Thai Institute of Directors Association

Other Current Positions

  • Legal Advisor, Burapha Golf Public Company Limited
  • Legal Advisor, ANANDA Development Public Company Limited
  • Lecturer, Institute of Legal Education of Thai Bar Association
  • Advisor to the Committee, Office of the National Broadcasting and Telecommunications Commission
  • Legal Advisor to company and association namely;
    • Red Bull Beverage Company Limited,
    • T.C. Pharmaceutical Industry Company Limited,
    • Siam Winery Trading Plus Company Limited,
    • Siam Winery Company Limited,
    • Tuscany-Ville Company Limited,
    • Chief Advisor, AIA Company Limited (Thailand),
    • St. Andrews 2000 Company Limited,
    • Toscana Valley Country Club Company Limited,
    • Toscana Valley Company Limited and its subsidiaries,
    • Samack & Associates Counselor Company Limited

Previous Working Experiences

  • 2008 - 2014 Senator, Advisory Chairman on Justice and Chairman of the Senate Standing Committee on Justice and Police Affairs, Senate of Thailand
  • Executive Committee Member, Thai Bar Association
  • Lecturer, Lawyer Council of Thailand and Thammasat University
  • Advisor to the Executive Committee, Institute of Legal Advocacy Training, Lawyer Council of Thailand
  • Committee, Institute of Legal Education Thai Bar Association
  • Company Legal Advisor to Vongsayam Korsang Company Limited
  • President, Thammasat Law Association, Thammasat University (2 terms)

Education/Training

  • Master of Business Administration, (Energy Management) University of Montreal, Canada
  • Master of Business Administration, Chiang Mai University
  • Bachelor of Engineering (Mechanical Engineering), Chiang Mai University
  • Corporate Governance for Directors and Senior Executives of State Enterprises and Public Organizations (2018), King Prajadhipok’s Institute
  • Successful Boardroom Presentation (Class 2), OMEGAWORLDCLASS Research Institute
  • Advanced Master of Management Program (AMM), National Institute of Development Administration
  • Advanced Management Program, Harvard Business School, USA
  • Leadership Succession Program, Institute of Research and Development for Public Enterprises
  • Principle of Life Coaching, Thailand Coaching Academy
  • EGAT Senior Executive Program (ESEP)
  • EGAT Director Development Program (EDDP)
  • EGAT New Leader Development Program (ENLP)
  • EGAT Newly-Promoted Executive Orientation Program (ENOP)
  • EGAT Enhancing Program (EEP)
  • EGAT Leadership Development Program (ELDP)
  • EGAT Get Ready Program (EGRP)

Training related to Director's Roles

  • Director Certification Program (DCP 187/2014), Thai Institute of Directors Association

Other Current Positions

  • 2018 - Present Deputy Governor-Power Business, Electricity Generating Authority of Thailand
  • 2018 - Present Board of Directors Member, EGAT International Company Limited

Previous Working Experiences

  • 2017 - 2018 Deputy Governor - Business Development, Electricity Generating Authority of Thailand
  • 2016 - 2017 Deputy Governor - Corporate Social Affairs, Electricity Generating Authority of Thailand
  • 2015 - 2016 Assistant Governor - Business Development, Electricity Generating Authority of Thailand
  • 2013 - 2015 Engineer, Level 12, Deputy Governor-Business Development seconded to be General Manager-EGAT Diamond Service Co. Ltd.
  • 2011 - 2013 Engineer, Level 11, Deputy Governor-Business Development seconded to be General Manager-EGAT Diamond Service Co. Ltd.
  • 2011 Engineer, Level 11, Deputy Governor - Business Development, Electricity Generating Authority of Thailand

The Risk Management Committee serves a term of three years. A director retiring by rotation may be re-elected. The Committee report directly to the Board of Directors and perform their tasks as assigned by the Board of Directors.

Duties and Responsibilities of the Risk Management Committee

  1. To review the Company’s risk management policy and framework, which would cover all the major risks; namely financial risk, investment risk, and corporate reputation risk, before proposing them to the Board of Directors for approval.
  2. To formulate risk management strategies and framework in compliance with the Company’s risk management policy. The Committee shall assess, monitor and control risk at the appropriate level.
  3. To monitor and ensure that risk management activities are in line with the Company’s policy and framework approved by the Board of Directors.
  4. To set risk measurement criteria and acceptable risk level.
  5. To set appropriate risk management measures to cope with different situations
  6. To review the adequacy and effectiveness of risk management policy and system as well as the compliance with the established policy.
  7. To report regularly to the Board of Directors about the management, operation, risk status, changes and areas of improvement to ensure the compliance with the Company’s policy and strategy.
  8. To appoint a risk management working group as necessary.
  9. To provide the risk management working group with necessary factors, such as personnel, budget and other resources as per the scope of their responsibilities.