5) Consider and scrutinize IRPC Group’s investment portfolio management. 6) Scrutinize key operations, including issues that may impact or cause change in the main operations of IRPC and companies within IRPC Group, such as adaptation, business expansion, diversification of investments, jointinvestments, joint ventures and project implementation, etc. 7) Establish IRPC Group’s human resource management policy to step up preparedness for future challenges, including systematic and effective executive development at IRPC and companies within IRPC Group. 8) Scrutinize and establish the IRPC Group Way of Conduct as well as to ensure the initiative is effectively implemented to produce the intended results and achieve predetermined targets. 9) Scrutinize and give opinions on standards of and mechanisms for the management of human resource, corporate structure and business processes as well as operational risk management, prevention of corruption of IRPC and companies with IRPC Group. 10) Monitor the overall corporate performance in various aspects, such as innovation and technology as well as efforts to promote and support operational efficiency of business units at IRPC and companies within IRPC Group. 11) Consider, scrutinize, suggest, and approve the meeting agenda before presenting to the Board of Directors’ meeting. 12) Follow up on and translate into actions recommendations and comments given at the Board meetings and/or Board’s committee meetings. 13) Appoint a subcommittee and/or working group to support the work of the Management Committee in order to improve effectiveness. 14) Screen/approve procurements and investments within the approval authority of the Chief Executive Officer and President, or as assigned the CEO and President. 15) Perform any other tasks assigned by the Chief Executive Officer and President. Management Committee To bolster systematic operational efficiency and strengthen connections and good coordination within IRPC and in its interaction with joint ventures and subsidiaries, the CEO and President established the Management Committee (MC), consisting of the CEO and President, senior executive vice presidents and executive vice presidents of all business units. The Executive Vice President, Corporate Affairs, serves as the secretary to the Management Committee. With weekly meetings scheduled for Mondays for the entire year, the Management Committee held a total of 42 meetings in 2023. Duties and Responsibilities The Management Committee has a duty to consult and make joint decisions on key issues which have implications for the company’s strategies, business direction, operational plans, performance, investment plans, budgets, human resource management approach and allocation of resources to the company or its associate companies as well as systematic management to leverage synergies and move in the same direction. The Management Committee also provides crucial information to the CEO and President who can then make evidence-based decisions or to refer decisions to the Board in the case the matter is beyond the scope of the CEO and President’s authority. The duties of the Management Committee can be summarized as follows: 1) Establish corporate vision and main mission of the company and companies within IRPC Group. 2) Set the business direction, corporate strategies and goals of IRPC and companies within IRPC Group along with overall operating results. 3) Determine the corporate governance, GRC integration, sustainable business operations, human resource management and development, qual ity, safety, occupational health, and environmental management, as well as corporate social responsibility IRPC and companies within IRPC Group. 4) Review and evaluate budgetary and resource allocation structure for investments and support the operations of IRPC and companies within IRPC Group. 240 Corporate Governance Structure and Important Information about the Board of Directors, Board’s Committees, Executives and Employees IRPC Public Company Limited
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