Page 71 - EASTERN POLYMER GROUP | ANNUAL REPORT 2015
P. 71
Scope of duties and responsibilities of the Executive and lower, and approve manpower which is not included
Committee in the annual budget.
1. Operate and manage the business operation to be in 7. Have a power to authorize one or more persons to
accordance with objectives, regulations, policies, disciplines, implement a particular task which shall be under control
rules, provisions, orders and resolutions of the Board’s of the Executive Committee; or to authorize such person
meetings and/or the shareholders’ meetings. to have a power - as considered appropriate by the Board -
2. Filter and review proposal from the Management; propose under the proper time. The Executive Committee may
policies, targets, strategies and business operations of the cancel, revoke, change or amend such authorization as
Company, investment plans, business expansion and considered appropriate.
budget to the Board’s meeting for consideration and 8. Perform any other tasks as assigned by the Board from
approval. time to time.
3. Review and approve normal transactions of the Company However, the authorization of power, duties or responsibilities
such as investment in securities or acquisition of assets to of the Board shall not be in a manner, that enables the
be in line with investment budget or the budget approved authorized person to approve the transaction that he/she
by the Board . The credit limit for each transaction are set or any person that may have conflict (according to notification
in the approval schedule from the Board and shall not from the Capital Market Advisory Board and/or Stock
exceed the amount of annual budget which is approved Exchange of Thailand and/or relating authorities), interest
by the Board; including contracts for the Company on the or conflict of interest with the Company or subsidiaries and/or
related matter thereof. relating companies. In this case, the Executive Committee
4. Monitor business operation of the Company to assure is not entitled to execute such matter. The matter shall be
the compliance with the Board’s policies and targets, and proposed to the Board’s meeting and/or the shareholders’
to ensure that business operation is conducted at its fullest meeting (as the case may be) for approval. Except the
effect and efficiency. approval for transaction categorized under normal conduct
5. To approve on the expenses in occurred out of normal of business operation and normal trading terms as per
course of business operation to be consistent to the budget notification from the Capital Market Advisory Board and/or
approved by the Board and to be in accordance with the Stock Exchange of Thailand and/or relating authorities.
Board’s decision. In regard to scope of credit facility authorization the Board
6. Determineorganizationstructure,considertheadjustments specifies that the Executive Committee can approve the
of salary, bonuses for position of Chief of Executive Officer financial credit for business operation to certain level in
order to streamline business operations.
Audit Committee
The Audit Committee consists of 3 Directors as follows:
Name Atsawintarangkun Position in the Audit Committee
Santichaikul
1. Mr. Chaiwat Wattanachai Chairman
2. Mr. Thanachai Member
3. Mr. Panchai Member
Remarks : Ms. Yaowapaporn Ranom is the Secretary of the Audit Committee
69Eastern Polymer Group Public Company Limited
