Information Capability and Risk Management of Companies Listed on the Stock Exchange of Thailand

Abstract

At the era of digital disruption in which the business sector varies according to changes of external factors. These factors are not controllable and there are no rules for changes which might lead to new businesses or even those listed in the Stock Exchange of Thailand. One of the ways to avoid and minimize dames to the business is to bring in new information technology to strengthen competence of the company. This will create competitive advantage over competitors and help to achieve success in accordance with the objectives of the company by incorporating information into computing system which will generate output for decision making. By utilizing the technology, it might make a wide impact on the business sector including individual, organization, industry and country. As a result, another important consideration is “risk” which depends on capability of information technology which consist of (1) hardware, (2) software, (3) data, (4) personnel and (5) operating procedure.

Therefore, to prevent risks from causing adverse effects on companies listed in the Stock Exchange of Thailand is considered to be very important to minimize loss of resources of the company and maximize profitability. This can be done by using risk management namely COSO-REM 2017 which is a risk management approach that derives from objectives of the company in different aspects including: (1) monitoring the organization and its culture, (2) strategy and objectives of the organization, (3) goals of the operation, (4) review and improvement and  (5) information system and report, all of which can be used for strategic planning and preparing for risks in the future.