Page 48 - TICON Industrial Connection Public Company Limited : : Annual Report 2014 EN

Message from the Report of the Report of the Company
Chairman Audit Committee on Risk Management Com- Financial Factory/ Social Board of Directors General Overview of Nature of
of the Board Corporate Governance mittee Highlights Warehouse Responsibilities and Management Information Business Business

3. The Board shall dedicate time and effort to formulate visions, directions and strategies of
the Company s operation, by reviewing every five years. Moreover, the Board is
accountable for seeking useful information for the Company, and considering any potential
risk to ensure that the management team can implement the determined vision, directions
and strategies efficiently.

4. Formulate policies and directions of the Company s operations, and also monitor and
supervise the management team to function in accordance with such policies and
regulations with efficiency and effectiveness, under the principles of Good Corporate
Governance, to maximize economic value and shareholders wealth

5. Being a head of the Company and a role model in performing own duties in accordance
with the Company s regulation, in line with the good Corporate Governance of the
Company.

6. Being a director who encourage continuous training, either internal or external training, in
order to improve own performance more efficiently.

7. Arrange effective and reliable accounting systems, financial report, accounting audits,
internal control and internal audit systems.

8. Consider the Company s significant risk and setting out a risk management process
throughout the Company. The Board shall ensure that the management team has an
efficient risk management process, and seeking business opportunities that may arise.

9. A dividend payment shall be made to shareholders when the Company has sufficient
profits, no accumulative losses.

10. The Board shall oversee and resolve conflict of interests, connected transactions, and
other signification transactions to ensure the best shareholder and stakeholder value.

11. Independent and other external directors are capable to use their judgment with an
independent opinion in determining matters such as setting out strategies, operational
tactics, resource utilization, nomination of directors, including setting up performance
standard of the Company. They also have to be ready to oppose any acts of other directors
or the management on the issues affecting the equity of shareholders.

12. Report and update the Report on the interest of Director and Executive to the Company,
in compliance with the Company s criteria.

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Annual Report 2014