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Authority, Duties and Responsibilities of the Executive Committee
1. To be responsible for management of the Company’s 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 Company’s 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. Tohaveauthoritytoconsiderapprovingsomecasesoroperationsregardedasregularbusinessofthe 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 Company’s operation and investment for both core business or supporting units at the financial limit of 60 million Baht; and have authority to approve borrowing from financial institutions to continue regular transactions of the Company at the financial limit of 60 million Baht.
5. To report the operation results to the Board of Directors according to following topics and time limit:
5.1 Quarterly report of operation results must be submitted within the period of time specified by SET
5.2 Reports of Auditor on the Company’s financial statements as well as annual and quarterly financial statements must be submitted within the period of time specified by SET
5.3 ThesubmissionofotherreportswillbemadewithintheperiodoftimethattheExecutiveCommitteedeemsfit.
6. AtthemeetingoftheExecutiveCommitteeforconsideringanyoperationsasperauthority,dutiesand 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.
9. ThemeetingoftheExecutiveCommitteemustbearrangedasnecessaryandappropriate.Eachdirector can convene the special meeting aside from the normal meeting. Nevertheless, the notification of meeting agenda(s) shall be presented to other directors prior to the meeting as appropriate, allowing other directors to have sufficient time to consider the said agenda(s).
10. The Executive Committee can appoint any working team and/or persons to consider and screen works before presenting to the Committee; or to perform other actions beneficial to the performance of duties of the Committee; or to perform other actions on their behalf as per their assignment and within their scope of authority, duties and responsibilities.
Annual Report 2016
Mono Technology Public Company Limited 89