ANNUAL REPORT 2024
TOGETHER IN BELIEF, LEADING IN INNOVATION
126
127
Remuneration and Benefits of the BOD and Key Executives
Risk Management
Unit: VNDbn
2023
2024
Amid intense competition and ongoing market volatility, innovation and creativity are essential for sustaining a competitive advantage and ensuring long-term development. Over nearly three decades, An Cuong has established itself as a trailblazer, leading advancements and setting benchmarks that influence industry trends in Vietnam and the global industrial wood market. However, innovation is inherently accompanied by risks. As such, risk management (RM) in this context transcends traditional practices of identifying, forecasting, and mitigating adverse scenarios. It emphasizes cultivating a corporate culture that fosters safe, controlled innovation, optimizing growth opportunities while minimizing potential losses. This necessitates the establishment of a robust, efficient, flexible, and responsive RM system to address fluctuations and uncertainties. The key focus for 2024 was the completion of the RM framework in alignment with ISO 31000:2018 standard. Priorities included strategy development, strengthening organizational structures, implementing comprehensive risk management processes, and integrating digital transformation and information technology into RM practices.
Parent Company
Parent Company
Consolidated
Consolidated
BOARD OF DIRECTORS
Le Duc Nghia Masao Kamibayashiyama Nguyen Minh Tuan Le Thanh Phong Nguyen Thi Dieu Phuong Phan Quoc Cong Nguyen Thanh Quyen
1 2 3 4 5 6 7
Chairman Vice Chairman
Member Member Member
Independent Member Independent Member
0
0
0
0
Risk Management Process at An Cuong
SUPERVISORY BOARD
Tran Thi Ngoc Tue Nguyen Thi Thuy Trang
1 2
Head of Supervisory Board Member (from 26/04/2023) Member (until 25/04/2023) Member
01
02
03
04
05
Tran Thi Kim Anh
3
Risk Identification
Risk Measurement and Evaluation
Determination of Risk Thresholds
Risk Monitoring
Development of Risk Management Plans
Mai Thi Phuong Thao
4
0
0
0
0
BOARD OF MANAGEMENT AND OTHER EXECUTIVES
Le Duc Nghia Vo Thi Ngoc Anh Le Thanh Phong Nguyen Thi Kim Thoa Nguyen Thi Duyen Ngo Tan Tri Nguyen Thi Hao
1 2 3 4 5 6 7
Chairman of Subsidiaries General Director Deputy General Director Deputy General Director Deputy General Director Deputy General Director Deputy General Director (until 25/10/2023) Chief Accountant cum Head
4.700 3.827 2.500 2.800 3.184 3.184 1.667
6.520 4.564 3.473 3.885 4.395 3.795
2.307 2.500 2.800 3.184 3.184 1.667
2.774 3.473 3.885 4.395 3.795
Thieu Thi Ngoc Diem
8
2.585
2.585
2.920
2.920
of the Finance and Accounting Division
Tran Thi Ngoc Tue Masao Kamibayashiyama Nguyen Thi Thuy Trang
9 10 11
Head of Supervisory Board Business Development Director
1.745 1.988
1.745 1.988
1.952 2.035
1.952 2.035 0.506 34.046
21.960
28.180
25.229
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