Audit Committee
the Audit Committee comprises 4 reputable independent directors who possess qualifcations as required by the SEC and the SET, who are appointed with a three year term in this position. The Director of the Internal Audit Department serves as Secretary to the Audit Committee.
| NAME / SURNAME | TITLE | TERM |
|---|---|---|
| 1. Mr. Chai Nasylvanta | Chairman of the Audit Committee | 10 Jun. 2010 - 9 Jun. 2013 |
| 2. Mr. Dej Bulsuk | Member of the Audit Committee | 10 Jun. 2010 – 9 Jun. 2013 |
| 3. Mr. Weerawong Chittmittrapap | Member of the Audit Committee | 10 Jun. 2010 – 9 Jun. 2013 |
| 4. Ms. Suvabha Charoenying | Member of the Audit Committee | 11 Aug. 2010 – 26 Apr. 2012 |
| Mr. Wichai Santadanuwat | Secretary to the Audit Committee |
Duties and Responsibilities of the Audit Committee
- 1. Ensure the accuracy, completeness and reliability of fnancial statements, and that suffcient information is disclosed.
- 2. Ensure that the Company has suffcient, appropriate and effective internal controls, risk management, and internal audit systems.
- 3. Ensure that the Company appropriately and effectively abides by the Good Corporate Governance Policy and Code of Ethics.
- 4. Ensure that the Company abides by all relevant SEC and SET rules and regulations, and other regulations and laws related to the Company’s businesses.
- 5. Select and propose the Company’s auditors and determine their compensation.
- 6. Evaluate connected transactions so they comply with the law and regulations stipulated by the SET, and that the transactions are reasonable and beneft the Company.
- 7. Supervise the Internal Audit Unit policies and operations so that they are aligned with the Internal Audit Charter, by evaluating the independence of its audits, the scope of work and audit schedules.
- 8. Evaluate and appoint, transfer, and terminate the head of Internal Audit Department, as well as assess the performance and approve compensation for the Internal Audit Department, as initially appraised by the Chief Executive Offcer.
- 9. Review both the external and internal audit and recommendations conducted by the external Auditor and the Internal Audit Department, as well as monitor the management team to ensure that recommendations have been suffciently followed and effective action has been taken within an appropriate timeframe.
- 10. The Audit Committee can request that any member of the management or any employee to report or present information, attend meetings or deliver documents as deemed relevant and necessary.
- 11. The Audit Committee can request assistance from external advisors or experts related to the Audit, at the Company’s expense, in accordance with the Company’s Articles of Association, as necessary.
- 12. Consider and amend the Audit Committee Charter at least once a year or as necessary, so it is up-to-date and appropriate to the Company’s environment, and to present the results to the Board of Directors for approval.
- 13. Prepare an Audit Committee’s Report, attached in the Company’s annual report, signed by the Chairman of the Audit Committee.
- 14. Execute other tasks as assigned by the Board of Directors, as agreed to by the Audit Committee.