About PTT

Enterprise Risk Management Committee

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About PTT

Enterprise Risk Management Committee
Mrs.Phongsaward Neelayodhin
Chairman of the Enterprise Risk Management Committee​
Independent Director (Non-executive Director)​
Dr.Veerapat Kiatfuengfoo
Member of the Enterprise Risk Management Committee
Director (Non-executive Director)​
Dr.Kongkrapan Intarajang
Member of the Enterprise Risk Management Committee
Director, Secretary to the Board, Authorized Director, Chief Executive Officer and President​

Enterprise Risk Management Committee
Duties and Responsibilities

  1. Define and review PTT’s corporate risk management and stakeholder management policies and scope.
  2. Supervise and support corporate risk management and stakeholder management practices in line with strategies and business goals as well as prevailing circumstances.
  3. Provide recommendations, monitor, and evaluate risk management and stakeholder management for the further implementation of the Corporate Plan and Risk Management Committee (CPRC) at the management level.
  4. Review corporate risk management outcome reports and provide recommendations on risks, including specifications of control measures or mitigation plans, and development of the risk management system for the CPRC for continued efficiency.
  5. Review reports of corporate stakeholder management outcomes and provide recommendations on relevant plans to enhance positive outcomes or minimize/ offset potential impacts on stakeholders, including the development of a stakeholder management system for the CPRC to ensure continued efficiency.
  6. Support the Chief Risk Officer (CRO) and Chief Stakeholder Officer (CSO) in achieving PTT’s corporate risk management and stakeholder management goals.
  7. Report corporate risk management and stakeholder management outcomes to the PTT Board at least quarterly. For factors or events with potentially significant impacts on PTT, the Board must be notified immediately.
  8. Screen and provide comments on contract-related agendas with complicated businesswise and risks that may potentially affect PTT’s stakeholders, as endorsed by the Enterprise Risk Management Committee before submitting them to PTT Board for approval.
  9. Screen and provide comments on investment agendas related to PTT and its subsidiaries in accordance with PTT’s Regulation on Investment Criteria for the Investments by PTT and PTT Group, and the Guidelines for the Supervision of Investment of PTT’s subsidiaries B.E. 2568 (2025). Including PTT’s Regulation on Investment Criteria, as may be approved by PTT Board following the effective date of this Order.
  10. Define and review the corporate innovation management policy.
  11. Provide recommendations and guidelines for the monitor and evaluate the long-term and annual innovation management master plan for further implementation.
  12. Supervise, promote and support the implementation under the innovation policy and master plan to ensure that the annual operating plan can achieve its goals.
  13. Report the results of the implementation outcomes of creative thinking and innovation to PTT Board for acknowledgment at least quarterly.
  14. Define and review the customer and market management framework.
  15. Supervise, promote, and support the implementation of the customer and market management framework to achieve the establish objectives in alignment with the business direction.
  16. Report the performance of customer and market management to PTT Board for acknowledgment at least quarterly.
  17. Hold meeting at least quarterly.
  18. Perform other tasks assigned by PTT Board.

Nevertheless, The Audit committee and the Office of Corporate Audit are responsible for The Enterprise Risk Management System assessment.