Page 101 - Mono Technology Public Company Limited : Annual Report 2014 EN

Term of Office of the Risk Management Committee

The Risk Management Committee serves a term of two years since the appointment date. The retiring
members of the Risk Management Committee shall be re-elected.

Authority, Duties and Responsibilities of the Risk Management Committee

1. To review and screen policy and guidelines on overview of the Companys risk management
covering key risks relevant to financial matters, investment and the Companys reputation
before proposing the Board of Directors to consider approving.

2. To formulate strategies and guidelines on the Companys risk management to be in line

with the established risk management policy as well as to evaluate, monitor and control
the Companys risk at acceptable and appropriate level.

3. To monitor and ensure that risk management activities are in compliance with risk management
policy and guidelines as approved by the Board of Directors.

4. To specify risk measurement criteria and the Companys risk appetite limit.

5. To set appropriate risk management measures that can cope with all different situations.

6. To review sufficiency of risk policy and management system as well as effectiveness of risk

management system and compliance with the policy.

7. The Companys management, operation, risk status, changes and areas of improvement to
keep risk management in line with the Companys policy and strategy must be regularly reported
to the Board of Directors.

8. To appoint a working team of risk management as necessary as well as to support the working

team of risk management in terms of personnel, budget and other necessary resources under
the scope of responsibilities of the team.

Recruitment and Appointment of Directors and Executives

For the selection of persons to assume the position of the Companys directors and executives,
the Nomination and Remuneration Committee shall be responsible for recruiting and selecting persons to
take the said position as well as nominating names of qualified persons to the Board of Directors and/or

the shareholders meeting (as the case may be). Persons to be appointed as directors and executives must
possess complete qualifications required by Section 68 of Public Limited Companies Act, B.E., 2535 (as well
as the amendment), Securities and Exchange Act and relevant notifications of CMSB. Moreover, their knowl-
edge and competency as well as working experiences shall be taken into consideration. However, the Chief
Executive Officer has been limited to hold a board seat or directorship in not more than one listed company
(excluding the Company and its subsidiaries). This matter must be approved by the Board of Directors.

Details of composition and appointment of the Board of Directors/ independent directors,
the Audit Committee, the Executive Committee, the Nomination and Remuneration Committee and the Risk

Management Committee are as follows:
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