Sermsang Power Corporation PLC. Drives Proactive Risk Management to Cultivate Sustainable Growth

On Friday, August 15, 2025, Sermsang Power Corporation Public Company Limited (SSP) held its 2025 Annual Risk Review Meeting. This systematic, organization-wide review ensures that operations align with global risk management standards, specifically The Committee of Sponsoring Organizations of the Treadway Commission (COSO) ERM (2017), and the Thai Corporate Governance Code for Listed Companies (2017). The company's comprehensive and effective anti-fraud and anti-corruption framework was also integrated into the review.

The meeting reflected SSP's proactive approach to risk management, which focuses on building readiness for change and strengthening the long-term foundation of its business. Risk management is a critical mechanism under good corporate governance principles, and the company places the highest importance on integrating this process at every level of its operations. This enables SSP to effectively identify, assess, and define appropriate risk management measures.

The meeting was held under the supervision of Mr. Chayut Leehacharoenkul, Chief Executive Officer of Accounting and Finance, who serves as the Chairman of the Risk Management Working Group. The Human Resources Manager acted as the Head of the Risk Committee, and the Company Secretary was responsible for coordination as the Risk Management Committee Coordinator. This structure demonstrates a clear and efficient framework.

The meeting provided an opportunity for executives and teams from various departments to present and exchange information. Departments covering all operational dimensions participated, including: Strategy and Investor Relations, Finance, Engineering, Accounting, Maintenance and Operations, Business Development, Legal, Sales and Licensing, Sustainability, Occupational Health, Safety, and Environment, Human Resources, Information Technology, Procurement, and Investment Strategy and Platform. This collaborative process facilitated an in-depth analysis of the probability and impact of risks, including potential consequences for the organization.

On this occasion, Mr. Chayut Leehacharoenkul addressed the importance of the meeting, stating, "Risk management is not just a reaction to events, but a way to build our organization's resilience and adaptability for sustainable growth. This systematic risk review is a crucial tool that helps us intelligently set our strategic direction and deliver enduring value to all stakeholders."

This initiative reflects SSP's firm commitment to operating with prudence and transparency. The continuous enhancement of its risk management framework will be a key factor in driving the organization forward with stability and building long-term confidence.