Page 77 - BAM ONE REPORT 2565 (ENGLISH VERSION)

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Form 56-1 One Report 2022

(5) Top executives

1. Ensuring organization-wide risk management that covers risk management procedures for the Company’s
new strategic and significant transactions expected to be undertaken in the future to accommodate sustainable

business operation.
2. Promoting the risk management policy and ensuring risk management processes are in place across the organization.
3. Monitoring risks across the organization and ensuring appropriate risk management plans are in place.
4. Enhancing development of capability of employees, tools and operating systems.

Moreover, all employees are duty-bound to follow the risk management policy and guidelines established by
the Company. They are also responsible for operational risk management for the operation under the scope of their
responsibilities. In this regard, the Company has communicated to and educated its executives and employees on risk
management guidelines and policy as well as internal control, risk management, corporate governance, etc.

BAM’s systematic risk management processes and procedures
The Company has followed the processes and procedures under the COSO ERM 2017 framework, entailing five

components and 20 principles as follows:

BUSINESS
MISSION, VISION, STRATEGY IMPLEMENTATION ENHANCED
OBJECTIVE
& CORE VALUES DEVELOPMENT & PERFORMANCE VALUE
FORMULATION

(1) Governance & culture
Principle 1: Exercises Board oversight
Principle 2: Establishes operating structures
Principle 3: Defines desired culture

Principle 4: Demonstrates commitment to core values
Principle 5: Attracts, develops, and retains capable individuals

(2) Strategy & objective setting
Principle 6: Analyzes business context
Principle 7: Defines risk appetite

Principle 8: Evaluates alternative strategies
Principle 9: Formulates business objectives