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SUBCOMMITTEES

The Board of Directors appoints the subcommittees for the good practice according to the good corporate governance of registered companies and provides the charters for each set of subcommittee for using as the practice guideline. The provided charters are as follows:

  1. Audit Committee Charter,
  2. Nomination Committee Charter,
  3. Remuneration Committee Charter,
  4. Risk Management Committee Charter, and
  5. Corporate Governance Committee Charter.
1. THE AUDIT COMMITTEE CHARTER
The Board of Directors appoints Audit Committees holding their positions for two years. There are four independent committees as follows:
Name - Surname
Position
1. Mrs. Boonperm Jiamtiranat
The Chairman of the Audit Committee
2. Mr. Narong Taychachaiwong
Member of the Audit Committee
3. Mr. Surachet Suboonson
Member of the Audit Committee
4. Assoc. Prof. Dr. Somchai Supattarakul
Member of the Audit Committee
1
Name - Surname
Mrs. Boonperm Jiamtiranat
Position
Chairman of the Audit Committee
2
Name - Surname
Mr. Narong Taychachaiwong
Position
Member of the Audit Committee
3
Name - Surname
Mr. Surachet Suboonson
Position
Member of the Audit Committee
4
Name - Surname
Asst. Prof. Dr. Somchai Supattarakul
Position
Member of the Audit Committee

The Audit Committee is consisted of three members of the Audit Committee who have adequate knowledge and experiences to review creditability of the financial reports, who are Mrs. Boonperm Jiamtiranat as Chairman of the Audit Committee, Mr. Surachet Suboonson as a member of the Audit Committee and Assoc. Prof. Dr. Somchai Supattarakul as a member of the Audit Committee. The Company indicates the committee background qualifications in the certificate and biography of the Audit Committee which already been submitted to SET.

The Audit Committee’s Scope of Duties and Authorities:
  1. 1.1To review the Company’s financial reporting process to ensure that it is accurate and adequate
  2. 1.2To review the Company’s internal control system and internal audit system to ensure that they are suitable and efficient, to determine an internal audit unit’s independence, as well as to approve the appointment, transfer and dismissal of the chief of an internal audit unit or any other unit in charge of an internal audit
  3. 1.3To review the Company’s compliance with the law on securities and exchange, the Stock Exchange’s regulations, and the laws relating to the Company’s business
  4. 1.4To consider, select and nominate an independent person to be the Company’s auditor, and to propose such person’s remuneration, as well as to attend a non-management meeting with an auditor at least once a year
  5. 1.5To review the Connected Transactions, or the transactions that may lead to conflicts of interests, to ensure that they are in compliance with the laws and the Stock Exchange’s regulations, and are reasonable and for the highest benefit of the Company
  6. 1.6To prepare, and to disclose in the Company’s annual report, an Audit Committee’s report which must be signed by the Audit Committee’s chairman and to ensure that they are in compliance with the Stock Exchange’s regulations
  7. 1.7To perform any other act as assigned by the Company’s Board of Directors, with the approval of the Audit Committee
2. THE NOMINATION COMMITTEE CHARTER
The Board of Directors appoints Nomination Committees holding their positions for three years. There are five committees as follows:
Name - Surname
Position
1. Mr. Narong Techachaiyawong
The Chairman of the Nomination Committee
2. Mrs. Boonperm Jiamtiranat
Member of the Nomination Committee
3. Mr. Surachet Suboonson
Member of the Nomination Committee
4. Assoc. Prof. Dr. Somchai Supattarakul
Member of the Nomination Committee
5. Mr. Sitti Leelakasamelerk
Member of the Nomination Committee
1
Name - Surname
Mr. Narong Techachaiyawong
Position
Chairman of the Nomination Committee
2
Name - Surname
Mrs. Boonperm Jiamtiranat
Position
Member of the Nomination Committee
3
Name - Surname
Mr. Surachet Suboonson
Position
Member of the Nomination Committee
4
Name - Surname
Mr. Sitti Leelakasamelerk
Position
Member of the Nomination Committee
5
Name - Surname
Assoc. Prof. Dr. Somchai Supattarakul
Position
Member of the Nomination Committee
The Nomination Committee’s Scope of Duties and Authorities:

Nomination committee are the ones consider defining standard and qualification of director as nominated, method of nomination in position of director as appropriate with corporate identity as well as consider to select persons with appropriate qualifications in position of director upon recruitment method as set out to nominate to Director Board for further nomination to shareholders to appoint them.

3. THE REMUNERATION COMMITTEE CHARTER
The Board of Directors appoints five Remuneration Committees holding their positions for three years as follows
Name - Surname
Position
1. Mr. Surachet Suboonson
The Chairman of the Remuneration Committee
2. Mrs. Boonperm Jiamtiranat
Member of the Remuneration Committee
3. Mr. Narong Taychachaiwong
Member of the Remuneration Committee
4. Assoc. Prof. Dr. Somchai Supattarakul
Member of the Remuneration Committee
5. Mr. Sitthi Leelakasamelerk
Member of the Remuneration Committee
1
Name - Surname
Mr. Surachet Suboonson
Position
Chairman of the Remuneration Committee
2
Name - Surname
Mrs. Boonperm Jiamtiranat
Position
Member of the Remuneration Committee
3
Name - Surname
Mr. Narong Taychachaiwong
Position
Member of the Remuneration Committee
4
Name - Surname
Mr. Sitthi Leelakasamelerk
Position
Member of the Remuneration Committee
5
Name - Surname
Assoc. Prof. Dr. Somchai Supattarakul
Position
Member of the Remuneration Committee
The Remuneration Committee’s Scope of Duties and Authorities:

The Remuneration Committees are the ones considering the forms and criteria for the remuneration of directors in order to ensure that those forms and criteria are appropriate and fair by referring to other remuneration packages of other companies in the same industry, establishing the criteria for evaluating the performance of Chief Executive Officer, and proposing those criteria to the Board of Directors for approval. The Remuneration Committees also determine the annual remuneration packages of Directors in accordance with established criteria, For the Director’s remuneration, the Board of Directors must propose to the Shareholder’s meeting for considering and approval. If the Company wishes to reward its directors and employees with ESOP, the committee should consider and determine how the term and conditions of the program will encourage directors and employees to devote themselves to create long-term value for shareholders and retain high quality personnel. However, the committee should ensure that directors and employees are not overpaid and the scheme is fair to shareholders.

4. THE RISK MANAGEMENT COMMITTEE CHARTER
The Board of Directors appoints three Risk Management Committees holding their positions for three years as follows:
Name - Surname
Position
1. Assoc. Prof. Somchai Supattharakul
The Chairman of the Risk Management Committee
2. Mr. Narong Taychachaiwong
Member of the Risk Management Committee
3. Miss Vasana Thieansirisak
Member of the Risk Management Committee
1
Name - Surname
Asst. Prof. Somchai Supattharakul
Position
Chairman of the Risk Management Committee
2
Name - Surname
Mr. Narong Taychachaiwong
Position
Member of the Risk Management Committee
3
Name - Surname
Miss Vasana Thieansirisak
Position
Member of the Risk Management Committee
The Risk Management Committee’s Scope of Duties and Authorities:

Risk Management Committee are the ones set out the risk management policy in overall parts and offer to director board for further consideration, analysis and check of risk factors both internal and external its organizations in comprehension of risks in all parts such as financial risks, operational risks, investment risks and etc. Determine guidelines and strategies of the risk management in consistency with risk management policy to maintain acceptable risk levels, regularly, moreover, also having its duty to control and support for revising and reviewing adequacy of risk management policy in overall and effective of operational system upon the policy set out including support and development of risk management occurred by continuously in overall organizations and comply with international standard.

5. THE CORPORATE GOVERNANCE COMMITTEE CHARTER
The Board of Directors appoints three Corporate Governance Committees holding their positions for three years as follows:
Name - Surname
Position
1. Mrs. Boonperm Jiamtiranat
The Chairman of the Corporate Governance Committee
2. Mr. Surachet Suboonson
Member of the Corporate Governance Committee
3. Miss Vasana Tieansirisak
Member of the Corporate Governance Committee
1
Name - Surname
Mrs. Boonperm Jiamtiranat
Position
Chairman of the Corporate Governance Committee
2
Name - Surname
Mr. Surachet Suboonson
Position
Member of the Corporate Governance Committee
3
Name - Surname
Miss Vasana Tieansirisak
Position
Member of the Corporate Governance Committee
The Corporate Governance Committee's Scope of Duties and Authorities:

The Corporate Governance Committees are the ones studying and formulating the Corporate Governance Policy and the Code of Conduct within the corporate governing laws and regulations, advising the Board of Directors and directors to practice appropriately and continuously in compliance with Corporate Governance Policy, review the Corporate Governance Policy and the Code of Conduct, Regularly to comply with universal standards, as well as yearly following up and evaluating the practice of the Board of Directors and directors in compliance with the Corporate Governance Policy. Moreover, the Corporate Governance Committees also yearly arrange the evaluation report of Corporate Governance Policy and propose to the Board of Directors as well as give recommendations as deemed appropriate.