Report of Risk Management Committee
To Shareholders
The Risk Management Committee performs duties as assigned by the Board of Directors with scope of duties and responsibilities stipulated in the charter of the Risk Management Committee.
In 2017, the Risk Management Committee appointed the Risk Management Sub-committee. Its main duty is to formulate a concrete risk management approach. In 2022, there were 2 Sub-committee’s Meetings and 2 Risk Management Committees’ Meetings to establish and review the corporate risk management framework, risk management policy, corporate risk management processes, and the charter of the Risk Management Committee to suit the efficient business operations in accordance with international standards, as well as to provide suggestions for risk management consistent with the strategic direction of operations under the business plan and continuously support the development of risk management at all levels throughout the organization in order to create an organizational culture and to ensure that there is effective risk management and critical risks are managed to be at an acceptable level.
In addition, the risk management plan is monitored, assessed, reviewed and approved, which covers various types of important risks, including Strategic Risk, Operational Risk, Financial Risk, Compliance Risk, Market Risk, Social and Environmental Risk, and Emerging Risk. The results of risk management are reported to the Board of Directors.
According to the performance of duties of the Risk Management Committee in the previous year, the Risk Management Committee performed operations to ensure that risk management was adequate and appropriate and was applied in a practical way continuously until the risk was at an acceptable level. The operations were as follows:


Organizing 2 Sub-committee’s Meetings and Risk Management Committees’ Meetings.


Reviewing the risk management policy and charter of the Risk Management Committee.


Reviewing the Risk Map and the Risk Radar Chart.


Determining the criteria for likelihood and impact assessment to assess corporate risk to be at an acceptable level.


Revising the risk management manual to be the guideline on risk management of the organization for employees.


Communicating “Ya Tuen” news in order to build knowledge and understanding on risk management.


Providing training courses on risk management to employees and supervisors through online self-learning system


Providing an online knowledge test on risk management to all employees of the Company and its subsidiaries in order to strengthen and enhance knowledge and understanding on risk management


Providing complete communication channels regarding risk management to allow everyone in the Company to access it by using the Intranet system and Line Group of the risk management team.


Providing a business continuity plan (BCP) and practice it so that the Company will be able to operate the businesses continuously and enhance the image of the organization in terms of good management, which includes:


Business continuity management plan in the case of an accident at the construction department.


Business continuity management plan in the case of flooding of construction projects.


Identifying key issues and assessing sustainability issues.


Organizing a forum to listen to opinions from stakeholders and external qualified persons to hear information and suggestions covering the topics of products, services, sustainability, good governance, and real estate leadership, where participants are business partners in the low-rise project construction group and security companies.


Conducting a Risk Culture Survey under the topic of "Self-Assessment of Creating Risk Culture Management" for supervisors and "Survey of Employee Opinion on Risk Management" for all employees to analyze the results and develop risk management processes throughout the organization.


Assessing emerging risks by conducting the assessment of unprecedented future risk trends to manage risks in advance in any areas, such as technology, economic conditions, politics, social trends, etc.


Providing Key Risk Indicator (KRI) to cover business strategy and analyzing performances.

    The Risk Management Committee has the following key action plans for the year 2023:


    Organizing 2 Risk Management Sub-committee’s meetings and 2 Risk Management Committee’s meetings.


    Reviewing and updating the risk management committee's policies and charters to be in line with the business strategy and vision.


    Defining, analyzing and assessing corporate risks to cover all aspects of critical risks and formulating a risk management plan to manage risk tolerance.


    Providing communication on risk management to employees at all levels, such as through the comic version of the Risk Guide., improving Google Site, communicating frequently asked questions about risk management.


    Establishing a Business Continuity Plan (BCP) to review and prepare so that the Company can continue operating its business and strengthening the organization's image in terms of good management.


    Providing training courses on risk management to employees and supervisors through online self-learning system.


    Reviewing Key Risk Indicator (KRI).

    According to the implementation of risk management, the Company is confident that its specified goals of business operations will be achieved to create the highest benefits to shareholders and all groups of stakeholders