Dear Shareholders, The Risk Management Committee has been assigned by the Board of Directors to define policy, provide recommendations, and set guidel ines for IRPC’s corporate risk management, corresponding to strategic investment planning, to ensure its operational efficiency and sustainable growth. The committee screens, scrutinizes and gives advice on the management of strategic investment projects as well as promotes and supports enterprise-wide risk management and identifies new business opportunities arising from Megatrends and existing businesses. The committee consists of five highly qualified directors with deep knowledge and extensive experience in risk management, namely (1) Dr. Anusorn Sangnimnuan, Chairman, (2) Dr. Ekniti Nitithanprapas, Director, (3) Mr. Prasong Intaranongpai, Director, (4) Miss Peangpanor Boonklum, Director, and (5) Mr. Kris Imsang, Director IRPC faced significant challenges from uncertain situations and high volatility. Although the COVID-19 virus outbreak began to be contained and circumstances restored to normal. Energy price increases, high inflation, the decline in the economy, and other effects of the Russian-Ukrainian conflict scenario are all risk factors that have an impact on the performance of the business. The Risk Management Committee’s performance in the past year is summarized as follows: 1. The committee supervised and considered corporate risk management in line with international standard, comprising context definition, risk identification, risk analysis and assessment, determination of risk management measures, including monitoring and reviewing risk management results to keep corporate risks at an acceptable level and achieve specified targets. 2. The committee reviewed and recommended management measures in all dimensions including (1) Strategic Risk, such as the risk of increasing the share of sales of specialized products investments made strategically in new and existing companies that support the mission, etc. (2) Business Risk, control for business risks such as oil and product prices., currency exchange risks, internet security risks, etc., and (3) Operational Risk such as risks to Safety, Occupational Health, and risks to the society and the likelihood of succeeding in the goal for greenhouse emission reduction, etc. 3. The Risk Management Committee proposed corporate risk management guidelines to the Company’s work groups, consisting of: The Risk Management and Internal Control Committee, which managed corporate risks according to stated policy and guidelines. The Supply Chain Financial Risk Management Committee monitored and analyzed market situations, managed Message from the Chairman of the Risk Management Committee 56 56-1 One Report 2022 IRPC PUBLIC COMPANY LIMITED
RkJQdWJsaXNoZXIy ODg4NTI=