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4. Risk Management Committee
As of December 31, 2016, the Risk Management Committee comprised four members and details of their meeting attendances were follows:
Name
Position
Number of Attendances/ Number of Meetings (Time)
1. Mr. Soraj Asavaprapha*
2. Mr. Patompong Sirachairat
3. Mr. Jiraparwat Boonyasen
4. Mr. Bannasit Rakwong
5. Miss Paweena Poonpattanasuk
6. Mr. Thawatvongse Silamanonda**
Chairman of Risk Management Committee 3/3 Member of Risk Management Committee 3/3 Member of Risk Management Committee 3/3 Member of Risk Management Committee 3/3 Member of Risk Management Committee 3/3 Member of Risk Management Committee 2/2
Miss Pitirudee Sirisamphan is the Secretary to the Risk Management 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 Risk Management. To this regard, Mr. Navamin Prasopnet shall retain his office for the remaining term of the former member.
** Mr. Thawatvongse Silamanonda resigned from the positions of executive director and executive on October 1, 2016.
Term of Office of the Risk Management Committee
The Risk Management Committee serves a term of two years since the appointment date. The retiring members of the Risk Management Committee shall be re-elected.
Authority, Duties and Responsibilities of the Risk Management Committee
1. To review and screen policy and guidelines on overview of the Company’s risk management covering key risks relevant to financial matters, investment and the Company’s reputation before proposing the Board of Directors to consider approving.
2. To formulate strategies and guidelines on the Company’s risk management to be in line with the established risk management policy as well as to evaluate, monitor and control the Company’s risk at acceptable and appropriate level.
3. To monitor and ensure that risk management activities are in compliance with risk management policy and guidelines as approved by the Board of Directors.
4. To specify risk measurement criteria and the Company’s risk appetite limit.
5. To set appropriate risk management measures that can cope with all different situations.
6. To review sufficiency of risk policy and management system as well as effectiveness of risk management system and compliance with the policy.
Annual Report 2016
Mono Technology Public Company Limited 91