Page 30 - SD RATCH EN

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Sustainability Report 2020
RATCH Group PCL.
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Human Resources and Remuneration Committee: Oversee human resource management that involves the Board of Directors, the Management and employees. It is involved in the selection, nomination, recruitment, capacity building, career advancement, performance evaluation, remuneration and welfare, with respect to individual rights and human dignity as guided by equal, equitable and fair principles and international labor standards.
Investment Committee: Ensure the comprehensiveness and conciseness of risk assessment process and procedure of investment projects as well as the projects’ impacts on the economy, the environment, society and community’s rights, before making an investment decision; evaluate risks associated with projects’ significant business partners and suppliers; and assess the appropriateness and worthiness of investment as well as compliance with legal requirements.
Corporate Governance and Social Responsibility Committee: Define business ethics and guidelines on treatments of stakeholders, social responsibility and sustainable development.
The Board of Directors sets forth business strategies and targets, to be implemented by the Management led by Chief Executive Officer, the Management consists of the chiefs of the following 5 functions:
• Business Development Function: Be responsible for project risks, to achieve corporate investment goals.
• Project Development Function: Manage risks and impacts arising from project development,
take care of community and prevent environmental impacts.
• Asset Management Function: Set short-term and long-term plans and manage enterprise risks, having Corporate Planning and Systems Development Division as the key task executer; control revenue-generating efficiency and capability; the management of environmental quality, safety and occupational health; and supervision of subsidiaries’ and affiliated companies’ neighboring community care.
• Accounting and Finance Function: Outline corporate financial plans, entailing revenue, investment fund, and the management of financial risks, taxes, liquidity and financial cost; consider as many financing options as possible; ensure appropriate funding cost for each project; and ensure financial disclosure’s compliance with international standards.
• Corporate Administration Function: Map out the plan to support sustainable development and sustainable development reporting, having Sustainability Development Department under Corporate Relations Division as the main executer; ensure safety, occupational health and positive environment in work place; and oversee human resource management and information technology system which are fundamental to the organization’s operations.
Under the management structure, specific working groups have been set up to drive special missions towards success.
More details on corporate governance and management structure appeared in the 2020 Annual Report.