Executive Committee

  • Profile
  • Scope of Duties and Responsibilities
  • Nomination of the Board
  • Report
 

Scope of Duties and Responsibilities of the Executive Committee.

  1. Produce and present business policies, targets, operational plans, business strategies and annual budgets of the Company to the Company’s Board of Directors for approval.
  2. Determine business plans, the administrative authority and the Company’s budgets to seek approval from the Company’s Board of Directors.
  3. Supervise the conduct of businesses of the Company 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 facilitating businesses.
  4. The Executive Committee is authorised to approve loans or application for a loan from a financial institution as well as to pay or to dispense 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 (the latest version of Summary Table of General Approval Authority has been valid since 9 June 2012).
  5. Determine the structure of the organisation and the administration that are efficient 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 authorised person signing an employment contract.
  6. Monitor, supervise and approve on matters related to the Company’s operations. The committee may appoint or assign any one 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.
  7. Act as assigned by the Company’s Board of Directors.
  8. 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 comprises not more than 9 members. They need to be members of the Company’s Board of Directors or the high-level executives of the Company. Individuals in the following positions are to be automatically considered as members of the Company’s Board of Directors by their positions;

  1. Managing Director
  2. Deputy Managing Director
  3. Assistant to the Managing Director on Projects
  4. Assistant to the Managing Director on Financial and Administrative Affairs
  5. Assistant to the Managing Director on Business Development

The meeting of the project directors is to nominate the suitable project directors to become the Executive Committee to the Company’s Board of Directors in order for the Board of Directors to appoint such persons as members of the Executive Committee. Members of the Executive Committee recruited from the project directors are limited to not more than 2 persons. The term of these appointed executive committee members is 2 years. They are limited to 2 consecutive terms. Apart from these, the Company’s Board of Directors may nominate not more than 2 other persons to become members of the Executive Committee as deemed appropriate.

Under Construction