Good risk management means not missing opportunities.

Companies with good governance will be valued 10-20% higher and have 10-15% lower costs of capital when raising funds.

Vice President and CEO of PAN Group: Good risk management will not lead to missed opportunities.

Companies with good governance will be valued 10-20% higher and have 10-15% lower costs of capital when raising funds.

Ms. Nguyen Thi Tra My, Vice President and General Director of The PAN Group, believes that the world is changing very rapidly, and geopolitical risks and the rapid development of technology and AI have made everything unpredictable.

In addition to the risks mentioned above, the agriculture and food industry also faces the risk of climate change. Amidst such a multitude of significant risks, what should we do, and how should we do it, to survive?

Ms. Nguyen Thi Tra My - Vice President and General Director, The PAN Group Joint Stock Company.

According to Ms. My, corporate governance is how a company is directed and controlled. PAN has more than 10 member companies, most of which are listed companies, with a total of 68 board members. The parent company's board of directors alone consists of 7 people.

"We are proud to have a strong, transparent Board of Directors that always strives to bring harmonious benefits to shareholders and stakeholders. And our most distinctive feature is diversity. The Board of Directors of PAN Group throughout its history has been very diverse in terms of fields, experience, gender, and age, ranging from 40 to 80. Seven people with seven different expertise (finance, capital, agriculture, technology, innovation, new trends...). The Chairman of the Board has experience in financial strategy, one member is skilled in optimizing capital resources, one professor from the University of Hawaii (USA) has a strong background in technology, and one member under 30 grasps business trends and innovation. Personally, I have 30 years of experience in agriculture, a very challenging industry, but I am passionate about it and want to inspire my Board of Directors and our country with my love for agriculture and farmers ," Ms. My shared.

According to Ms. My, women currently account for 44% of the board members at PAN's parent company. Meanwhile, a report from HOSE indicates that less than 10% of listed companies currently have one-third of their board members as women. Therefore, PAN's 44% is a significant figure.

According to McKinsey and the World Bank, companies with good governance are valued 10-20% higher and have 10-15% lower costs of capital when raising funds. This demonstrates that good corporate governance is not just a necessary condition, but a vital one. So how can one achieve good corporate governance? Ms. My believes that the most important factors are innovation and risk management. This is also a matter that PAN's leadership has always been deeply concerned about.

"In a volatile world , we are also actively researching and developing products, especially in the agricultural sector. We have developed rice varieties that are salt-tolerant, flood-tolerant, heat-tolerant, and robust, capable of surviving storms. These are things we are very proud of, having brought over 2 trillion VND in value to farmers this year. For PAN Group, risk management is paramount, especially in a volatile society. However, just like the stock market, there are ups and downs; risk management also includes opportunity management to ensure we don't miss out on opportunities," Ms. My emphasized.

Source: https://baodautu.vn/pho-chu-tich-kiem-ceo-tap-doan-pan-quan-tri-rui-ro-tot-se-khong-mat-co-hoi-d231782.html