Page 112 - Mono Technology Public Company Limited : Annual Report 2013

Part 3 Operation Control

The Company formulated the policy and the process to control business operation as well as

IT control process. The working process has been monitored to ensure the compliance with established plans.
In addition, the Company provided the business contingency plan to brace for any situation that may

affect the Company’s operation under the supervision of five Committees, including the Board of Directors,
the Audit Committee, the Executive Committee, the Risk Management Committee and the Nomination and
Remuneration Committee.

Part 4 IT System and Data Communication

The Company always makes decision based on correct, appropriate, sufficient and accessible data

and provides internal and external communication channels.

Part 5 Monitoring System

The Company set the regular monitoring system for correcting errors in timely manners. The quarterly

audit report shall be submitted directly to the Audit Committee and the Board of Directors.

In addition, the Audit Committee views that Miss Suansri Suankul, the Head of the Internal Audit Unit
of the Company, possesses appropriate qualification to effectively perform her duty. She is responsible for
complying with the approved annual working plans and reporting the audit results directly to the Audit

Committee. After reviewing the 2013 internal control system of the Company, the Audit Committee found no
significant errors that may affect the Company’s operation.

The Board of Directors views that the Company’s internal control system and risk management are

sufficient and appropriate. The Company has set up the adequate and appropriate internal control system
for supporting transactions among the major shareholder, directors, the management team and other related

persons.

The Audit Committee and the management team continue to put emphasis on internal control
and risk management for ensuring good corporate governance, adequate internal control for our business
operation, appropriate management process for controlling risk at the acceptable level and the compliance

with business operation-related law and regulations to enhance business operation accuracy and reliability.

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