Page 345 - CRC_One Report 2021_EN

Business Overview and Performance Corporate Governance Financial Statements Enclosure

8.3 Performance Summary of Other Committees

Report of the Risk Policy Committee

To Shareholders,

Since 2019, the Risk Policy Committee has been appointed by the Board of Directors of Central Retail Corporation
Public Company Limited to support the Board of Directors in overseeing the Company to ensure that it has the
adequate and appropriate risk management system in place, enabling the Company to achieve its objectives in
an efficient and effective manner, as well as to comply with relevant laws and standards, in order for the overall
risk to be within the acceptable level. The Committee consists of four directors, namely Mr. Kanchit Bunajinda
(as Chairman of the Committee since December 2020), Mrs. Patareeya Benjapolchai, Mr. Prin Chirathivat, and
Mr. Yol Phokasub, with Ms. Pacchanya Chutimawong as Secretary of the Committee until 15 October 2021 and
Ms. Inthira Krittayareungrote is Secretary of the Risk Policy Committee from 16 October 2021.

In 2021, the Committee held six meetings (2020: 3 meetings), and had the important performance as summarized
below:

1. Supervised the Company to ensure its analysis on business risks, covering all business groups of the Company.
2. Considered the request for core business units to present their risk information at the Risk Policy Committee
meeting themselves.
3. Consider linking risk management with internal control and internal audit by guiding the Internal Audit Department
to unitize risk assessments results for audit planning.
4. Approved of key risks and risk scale criteria.
5. Considered the establishment of clear organizational structure regarding personnel responsible for risk
management.
6. Considered guidelines and criteria for report of significant events that may affect assets and the image of
the organization.
7. Reviewed the Charter of the Risk Policy Committee and the Enterprise Risk Management Policy, ensuring suitability
and alignment with the ever-changing business conditions.
8. Evaluated the Risk Policy Committee’s performance in various aspects, including the structure, qualifications,
meetings and performance of duties under the Charter for improvements for better efficiency.
9. Reported operating results and performance to the Board of Directors on a regular basis, always keeping
the Board informed.

The Committee has a commitment to enhance the internationally standardized risk management system in order
for the shareholders and stakeholders to be confident in the Company’s business operation with adherence to
the corporate governance and sustainable development principles.

-Kanchit Bunajinda-
(Mr. Kanchit Bunajinda)
Chairman of the Risk Policy Committee

Annual Report 2021 (Form 56-1 One-Report) 345