Page 80 - Mono Technology Public Company Limited : Annual Report 2013

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, policy, work plan 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. To have authority to consider approving some cases or operations regarded as regular business of the Company
under financial limit or annual budget approved by the Board of Directors and to perform any action as specified
above. In details, the Executiv e 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 30 million Baht; and have authority to approve borrowing from financial
institutions to continue regular transactions of the Company at the financial limit of 30 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 The submission of other reports will be made within the period of time that the Executive Committee
deems fit.

6. At the meeting of the Executive Committee for considering any operations as per authority, duties and 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. The meeting of the Executive Committee must be arranged as necessary and appropriate. Each director
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.
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