Page 51 - Mono Technology Public Company Limited : Annual Report 2013

As a result, the Company stresses importance on human resource by developing their business

knowledge and understanding as well as encouraging their participation in the Company’s operation.
The Company also focuses on improving performance appraisal system, proving appropriate remuneration
and welfare that are comparable to other companies in the same industry as well as promoting the long-term

engagement with the Company. On the part of artist management, the Company has set a plan in terms of
complete content management, such as performance presentation as well as continuously providing jobs and
activities that can generate income for artists. Moreover, artists are encouraged to participate in producing

their works in order to promote job security, thus allowing them to grow together with the Company.

3. Management risk

Major Shareholder Having Power in Directing Management Policy

As of November 25, 2013, Mr. Pete Bodharamik held up to 71.87 percent of total paid-up capital,

accounting for more than a half of paid-up capital. As a result, this leads to his right to control the resolutions
of shareholders’ meeting as well as the Company’s policy and management, except for some agendas that
require three-fourths of votes in the shareholder’s meeting as prescribed by the law or the Company’s Article

of Association.

To ensure transparency as well as check and balance system of the Company’s operation, the Company
has appointed competent personnel to be the management team. The scope of our operations has been

streamlined. The Company has clearly specified the delegation of authority to directors and executives
and appointed outsiders to be the Company’s three independent directors and members of the Audit Committee
who will be responsible for auditing, balancing the decision making and considering approval of any agenda

before proposing the shareholder’s meeting. In addition, the Company formed the internal audit unit by hiring
an experienced company that is directly supervised by the Audit Committee for promoting their independent
operation. This unit shall be responsible for monitoring internal control system as specified by the Company

in order to ensure transparency and balance of power in our business management.

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