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To be a leading value-oriented integrated energy company in Asia-Pacific

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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 Political Science (Politics and Governments), Sukhothai Thammathirat Open University
  • Bachelor of Law, Thammasat University
  • Certificate, Institute of Legal Education of the Thai Bar

Training related to Director’s Roles

  • 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 to Burapha Golf Public Company Limited
  • Legal Advisor to ANANDA Development Public Company Limited
  • President, Thammasat Law Association, Thammasat University
  • Lecturer, Institute of Legal Education of Thai Bar Association
  • Legal Advisor of Committee to 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. Andrews2000 Company Limited,
    • Toscana Valley Country Club Company Limited,
    • Toscana Valley Company Limited and its subsidiaries,
    • Samack & Associates Counselor Company Limited

Previous Working Experiences

  • 2011 - 2014 Senator, Advisory Chairman, Senate Standing Committee on Justice and Police Affairs
  • Executive Committee Member, Thai Bar Association
  • Lecturer, Institute of Legal Advocacy Training, Lawyer Council of Thailand and Thammasat University
  • Advisor to the Executive Committee, Institute of Legal Advocacy Training, Lawyer Council of Thailand and Thammasat University
  • Committee, Institute of Legal Education Thai Bar Association
  • Legal Advisor to Vongsayam Korsang Company Limited

Education/Training

  • Master of Business Administration, (Energy Management) University of Montreal, Canada
  • Master of Business Administration, Chiang Mai University
  • Bachelor of Engineering (Mechanical), Chiang Mai University
  • Advanced Master of Management Program (AMM), National Institute of Development Administration
  • Corporate Governance for Directors and Senior Executives of State Enterprises and Public Organizations (2018), King Prajadhipok’s Institute
  • Advanced Management Program, Harvard Business School, U.S.A.
  • 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

  • 2017 - Present Deputy Governor - Business Development, Electricity Generating Authority of Thailand

Previous Working Experiences

  • 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

Education/Training

  • Bachelor of Engineering (Mechanical Engineering), Prince of Songkla University
  • Advance Certificate, Public Economics Management for Executive Course, Class 9 (KPI 9), King Prajadhipok's Institute
  • Diploma, The Joint State-Private Sector Course, Class 24 (2011), National Defence College of Thailand
  • Petroleum Engineering and Operation Drilling and Equipment Engineer, Shell Training Center, Netherlands
  • Natural Gas Reservoir Engineer, OGCI, USA
  • Petroleum Management, IHRDC, USA
  • The Energy Executive Development Program Class 2, Ministry of Energy
  • Knowledge of Administrative Law for Management, Foundation for Research and Development of the Administrative Justice System
  • People Participation for Country Development Course, Institute for Good Governance Promotion
  • Senior Executive Program Class 4, The Office of the Civil Service Commission
  • Executive Development Course : Executive Government Class 7, The Office of the Civil Service commission

Training related to Director's Roles

  • Risk Management Program for Corporate Leaders (RCL 8/2017), Thai Institute of Directors Association

Other Current Positions

  • -

Previous Working Experiences

  • Nov 2015 - Sep 2018 Director - General, Department of Mineral Fuels, Ministry of Energy
  • Dec 2014 - Nov 2015 Deputy Direct-General, Department of Mineral Fuels, Ministry of Energy
  • Jul 2014 - Dec 2014 Director of Mineral Fuels Management Division, Ministry of Energy
  • Sep 2009 - Jul 2014 Director of Petroleum Technology Ministry of Energy and Operations Supervision Bureau, Ministry of Energy

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.