Page 98 - Mono Technology Public Company Limited : Annual Report 2014 EN

Term of Office of Executive Committee

The Executive Committee serves a term of two years since the appointment date. The retiring

members of the Executive Committee shall be re-elected.

Authority, Duties and Responsibilities of the Executive Committee

1. To be responsible for management of the Companys business to meet the established objectives

of business operation. The business management must be in line with the policy, requirements
or orders designated by the Board of Directors. Moreover, the Executive Committee shall consider
and screen relevant matters before proposing the Board of Directors to consider approving.

2. To arrange the Companys vision, business strategy, operational policy as well as budget

of the Company and subsidiaries before proposing the Board of Directors to consider approving.

3. To monitor, examine and follow up management policy and guideline implementation by
the Company to ensure that they are in compliance with the assignment of the Board of Directors.

4. To have authority to consider approving some cases or operations regarded as regular business
of the Company under financial limit or annual budget approved by the Board of Directors
and to perform any action as specified above. In details, the Executive Committee shall have
authority to approve expenses or procurement or lease or hire purchase that are relevant to the
Companys operation and investment for both core business or supporting units at the financial

limit of 30 million Baht; and have authority to approve borrowing from financial institutions to
continue regular transactions of the Company at the financial limit of 30 million Baht.

5. To report the operation results to the Board of Directors according to following topics and time limit:

• Quarterly report of operation results must be submitted within the period of time specified by SET

• Reports of Auditor on the Companys financial statements as well as annual and quarterly financial
Statements must be submitted within the period of time specified by SET

• The submission of other reports will be made within the period of time that the Executive

Committee deems fit.

6. At the meeting of the Executive Committee for considering any operations as per authority, duties
and responsibilities specified in this orders, at least half of all members of Executive Committee
must attend the meeting to constitute a quorum, allowing the Executive Committee to continue

such operations.

7. For voting at the meeting of the Executive Committee, each director shall have 1 (one) vote.
In case of an equality of votes, the Chairman of the Executive Committee shall cast 1 (one) vote
to make the final decision.

8. For a resolution on each agenda at the Meeting of the Executive Director, votes for approval
must reach at least half of entire votes at that meeting.

98