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11. To perform duties as mentioned in No. (1) - (10) in the part that is related to business operation of subsidiaries as the Audit Committee has been assigned to do so or upon request from the subsidiaries. Also, such performance must be within scope of their authority and duties.
12. To perform any other act as assigned by the Board of Directors, provided that such matter must be approved by the Audit Committee.
The Audit Committee has authority to take following actions: inviting directors, employees, staff to attend the meeting to clarify and answer any question relating to the Committee’s duties and responsibilities; discussing with the Company’s expert or consultant (if any) or hiring a third-party consultant or specialist if necessary at the Company’s expenses; requesting the Company’s employees to submit necessary documents about the Company’s operations for auditing or investigation for work accomplishment; assigning any employee or staff to take particular action to support auditing activities; and taking action specified above in relations to subsidiaries as assigned or requested by subsidiaries and within scope of their authority and duties.
As the Internal Audit Unit has not been established, S.C. Accounting & Business Consultant (1995) Co., Ltd., a third party company, with no relationship with the Company and subsidiaries, was employed to be the internal auditor responsible for auditing internal control system of the Company and subsidiaries in order to ensure adequacy and appropriateness of our internal control system.
2. Executive Committee
As of December 31, 2016, the Executive Committee comprised four members and details of their meeting attendances were as follows :
Name
Position
Number of Attendances/ Number of Meetings (Time)
1. 2. 3. 4. 5.
Mr. Soraj Asavaprapha* Mr. Navamin Prasopnet Mr. Sang Do Lee
Mr. Komsak Wattanasriroj Mr. Patompong Sirachairat
Chairman of Executive Committee Executive Director Executive Director Executive Director Executive Director
23/26 27/28 22/28 28/28 27/28
Miss Saranya Amornrattanasuchad is the Secretary to the Executive Committee
* Mr. Soraj Asavaprapha resigned from the positions of director of the Company and member of all committees on December 2, 2016. The meeting of the Board of Directors No. 1/2017 has passed a resolution to appoint Mr. Navamin Prasopnet to be the Chairman of Executive Committee for replacement. The meeting of the Board of Directors No. 2/2017 has resolved to appoint Miss Benjawan Rakwong, Vice President – Administration, to be Executive Director in addition.
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.
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