Page 106 - Mono Technology Public Company Limited : Annual Report 2014 EN

must control the operations of the Company and subsidiaries to comply with the regulations of SET, through
the supervision of Board of Directors in order to control, manage and be responsible for the operation of

the Company and subsidiaries, with details summarized as follows:

1. The Board of Directors sets the policy to appoint their representative to be the director or executive
of subsidiaries and associated companies in order to monitor the operation of such companies
to be in line with the Companys policy.

2. The Board of Directors continues to monitor the operation of subsidiaries or associated companies
and sets guidelines to control the operation of such companies for a person who was appointed

as the director or executive.

3. The Board of Directors continues to control the business operation of subsidiaries or associated
companies to meet the approved business policy, goals, operation plan, strategy and budget.

4. The Board of Directors considers designing the organization structure and management of
subsidiaries or associated companies to add their business operation efficiency and suit current
business circumstances.

5. The Board of Directors shall consider approving the budget and spending for investment,
operations, transactions of acquisition or disposition of assets, borrowing from financial institutions,
lending, capital increase and decrease or business closure that may significantly affect subsidiaries
or associated companies operations.

6. The Audit Committee shall review accuracy and reliability of financial reports, internal con-
trol system, internal auditing works, related party transactions, compliance with related law and

regulations as well as monitoring and controlling of subsidiaries and associated companies operations.

7. The Risk Management Committee shall consider screening the policy and risk management
guidelines of subsidiaries and associated companies.

8. The Board of Directors focuses on improving management as well as providing good corporate
governance and efficient risk management system of subsidiaries and associated companies.

9. The subsidiaries and associated companies must report their performance to the Board of Directors

of the Company. Also, the Board of Directors must consider such performance regularly in order
to support their planning and goals of business operation in the future.

106