SCOPE OF DUTIES AND RESPONSIBILITIES OF THE EXECUTIVE COMMITTEE
- Conduct and present business policies, targets, operational plans, business strategies and annual budgets of the Company to the Company’s Board of Directors for approval
- Determine business plans, the administrative authority and the Company’s budgets to seek for the approval from the Company’s Board of Directors
- Supervise the Company’s business operation to comply with business policies, targets, operational plans, business strategies and budgets approved by the Board of Directors to ensure that they are efficient and facilitate our business
- The Executive Committee is authorized to approve loans or application for a loan from a financial institution as well as to pay or to spend money for ordinary transactions of the Company’s businesses, for instance, investment and other expenses under the budget determined following the Summary Table of General Approval Authority announced
- Determine the efficient structure of the organization and the administration that are covering the recruitment, training, employment and termination of employment of the Company’s employees at the level of executive members or high-level executives. The managing director may be assigned to be the authorized person signing an employment contract
- Monitor, supervise and approve on matters related to the Company’s operations. The committee may appoint or assign any person or a group of persons to act on behalf of the Executive Committee as deemed appropriate. The Executive Committee may revoke, change or alter such authority
- Act as assigned by the Company’s Board of Directors.
- The Executive Committee is to report to the Company’s Board of Directors immediately should there be an incident of corruption or a suspicion of corruption, violation of a law, and an abnormal act causing significant damage to the Company’s reputation and the financial status
With regards to the above provision of authority to the Executive Committee, an item/matter that the Executive Committee or an individual (in the Committee) may be in conflict, may have stakes in or may have any other conflict of interests with the Company or its subsidiary companies. Should that incident arises; the concerned member(s) of the Executive Committee will not have the right to vote on that matter. The approval of an item that may result in a conflict of interests as mentioned above is to follow the announcement of the Stock Exchange of Thailand on the regulations, method and revelations of related items of the registered companies.
COMPONENTS AND THE RECRUITMENT OF THE EXECUTIVE COMMITTEE
The Executive Committee shall comprise no more than seven (7) members, all of whom must be senior executives of the Company. The following positions shall, by virtue of their offices, be deemed members of the Executive Committee:
- Chief Executive Officer (CEO)
- Chief Financial Officer (CFO)
- Chief Business Officer (CPO)
- Chief Strategy Officer (CSO)
- Chief Administrative Officer (CAO)
In this regard, the Board of Directors shall have the authority to nominate individuals for appointment as members of the Executive Committee, by considering and selecting from among executives of the Company and its affiliated companies, as deemed appropriate.
In the event that the Chief Executive Officer is unable to perform his or her duties and has not specifically designated a representative, the Chief Financial Officer shall act on behalf of the Chief Executive Officer.
The Executive Committee shall convene meetings on a regular basis, as appropriate.
Qualifications
- The Executive Committee member must be a person with knowledge, ability, and useful experience in the company's business operations. Moreover, the Executive Committee member must have honesty, business ethics and sufficient time to devote knowledge and ability and perform duties for the company substantially.
- The Executive Committee member must have qualifications and must not be under any prohibition under the law on public limited companies, the law on securities and stock exchange, and any other relevant laws.