63 General Principles Good Corporate Governance Principles Directors’ Code of Business Ethics Appendix Code of Business Ethics Anti-Corruption Electricity Generating Public Company Limited (2) Risk Management EGCO is committed to managing the balance between risk and return, to optimize return for EGCO’s business operation and performance. Risk Management Policy is entrusted by the Board to ROC. The Risk Management Policy covers all companies in which EGCO has control. Further, EGCO supports making known its Risk Management Policy among associates, partners and stakeholders. To streamline this, the following guideline applies: • Instill risk-awareness culture, and that risk management is everyone’s duty and responsibility. • A governance structure with resource and expertise to manage risks according to the framework defined. • Reassure that the Management drives risk-awareness as part of the corporate culture. • Determine Risk Appetite and Risk Tolerance aligning with business landscape and strategy. • Organize risk management training across the organization, on rules, regulations and laws relevant to tasks and timing. The Company puts in place a Code of Business Ethics, which is one of the tools for Internal Control, to guide the practice and conduct of Directors and Personnel. The Code is disseminated Company-wide and distributed across the workforce, with punishment clause for non-compliance.
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