Page 83 - Annual Report 2015 - Mono Technology Public Company Limited

Authorized Directors
Two out of top-four directors which are Mr. Pete Bodharamik, Mr. Soraj Asavaprapha, Mr. Navamin Praso- pnet and Mr. Sang Do Lee are authorized to collectively sign with the Company’s seal affixed.
Terms of Office
At each Annual General Meeting of Shareholders, one-third of the directors, or the number nearest to one- third if the number is not a multiple of three, must retire from office. The directors who must retire from the office in the first and second year after registration of a public limitedcompanyshallbedecidedbydrawinglots. After that, the directors who have been in office the longest shall retire first. Retiring directors may be re-elected.
Authority, Duties and Responsibilities of Board of Directors
1. To perform his/her duties in compliance with the laws, objectives and Articles of Association of the Company as well as the resolutions passed by the shareholders’ meeting based on responsibilities, reasonable diligence and integrity.
2. To consider, specify details and give approval towards vision, business strategies, direction, policy, guidelines, work plan and budget of the Company and subsidiaries as per details arranged by the Executive Committee and the Management Team. There shall be a review of those topics annually.
3. To supervise and monitor management and performance of the Executive Committee, the Chief Executive Director, the Management Team or others who were assigned to perform such duties in order to ensure the compliance with the policy established by the Board of Directors.
Annual Report 2015
83