Page 126 - Mono Technology Public Company Limited : Annual Report 2014 EN

Part 3 Operation Control

The Company formulated the policy and the process to control business operation as well as IT control
process. The working process has been monitored to ensure the compliance with established plans. In addition,
the Company provided the business contingency plan to brace for any situation that may affect the Companys

operation under the supervision of five Committees, including the Board of Directors, the Audit Committee,
the Executive Committee, the Risk Management Committee and the Nomination and Remuneration Committee.

Part 4 IT System and Data Communication

The Company always makes decision based on correct, appropriate, sufficient and accessible data
and provides internal and external communication channels.

Part 5 Monitoring System

The Company set the regular monitoring system for correcting errors in timely manners. The quarterly

audit report shall be submitted directly to the Audit Committee and the Board of Directors.

In addition, the Audit Committee views that Miss Suansri Suankul, the Head of the Internal Audit
Unit of the Company, possesses appropriate qualification to effectively perform her duty. She is responsible
for complying with the approved annual working plans and reporting the audit results directly to the Audit
Committee. After reviewing the internal control system of the Company, the Audit Committee found no

significant errors that may affect the Companys operation.

The Board of Directors views that the Companys internal control system and risk management are sufficient
and appropriate. The Company has set up the adequate and appropriate internal control system for supporting
transactions among the major shareholder, directors, the management team and other related persons.

The Audit Committee and the management team continue to put emphasis on internal control and risk
management for ensuring good corporate governance, adequate internal control for our business operation,

appropriate management process for controlling risk at the acceptable level and the compliance with business
operation-related law and regulations to enhance business operation accuracy and reliability.

126