Risk Management
Starflex Public Company Limited places great importance on and supports the establishment of a robust and systematic risk management framework.
Starflex Public Company Limited places great importance on and supports the establishment of a robust and systematic risk management framework. The Board of Directors has assigned the Risk Management Committee to oversee the Company’s enterprise risk management. The Committee is responsible for considering and reviewing risk management policies, guidelines, and frameworks, as well as overseeing and supporting the implementation of enterprise risk management practices in alignment with the Company’s business strategies and objectives.
The Company has adopted the COSO Enterprise Risk Management (ERM): Integrating with Strategy and Performance (2017) framework as a guideline for risk management. This framework is used to establish appropriate measures for managing, preventing, and mitigating the potential impacts of various risks that may prevent the Company from achieving its established objectives and targets.
The Company conducts an enterprise risk assessment that covers key sustainability-related issues. The risks are categorized into eight types, as follows:
