Page 63 - TICON Industrial Connection Public Company Limited : : Annual Report 2014 EN
P. 63
Management Statement of Directors Certification of the
Shareholding Corporate Internal Control and Connected Discussion Responsibilities Concerning Financial Accuracy of Auditors
Key Risks Structure Management Governance Risk Management Transactions and Analysis the Companys Financial Report Statements Remuneration
matters. In addition, the Board of Directors and Audit Committee have also overseen
compliance with the relevant rules and regulations concerning connected transactions. In
consideration of connected transactions, the director who might have conflict of interests is
not entitled to vote.
The opinion of the Audit Committee regarding the Company s connected transactions has
been disclosed in the topic of Connected transactions .
The Board of Directors has prepared a report indicating its responsibilities for financial
statements, as appended to the auditor s report, to ensure that the Company s financial
report is complete, true, reasonable and in compliance with generally accepted accounting
standard and relevant regulations. The Company regularly conducts appropriate
accounting policy.
Even though the Chairman of the Board represents a major shareholder, the Company has
the Audit Committee to help ensuring that the approval of any transactions is carried out
correctly, transparently and fairly.
In 2009, the Board of Directors has formulated the Corporate Governance Policy in which
the relevant policy and key principal are complied for the directors and employees to follow
in their performance of duties. The details of the policy have been posted on the
Company's web site, http://www.ticon.co.th
4. AUDIT COMMITTEE
The Company has three Audit Committee s members. All the members are independent, which
holds the Company s ordinary share less than 1 percent, non-executive directors, and have
accounting and/or finance background. The Audit Committee assists the Board in fulfilling the
Company s good corporate governance, particularly in providing visions of business,
commenting on financial reports and internal control systems, and monitoring the completion
and compliance with relevant standards and regulations of the disclosure of financial reports. All
these actions enhance the quality of the said reports.
The Audit Committee has played an important role in the following areas to enhance good
corporate governance:
The Audit Committees meetings are arranged at least once a quarter to consider the
above matters. The Company s auditor also joins the meeting in every round of
consideration of the financial reports.
63
Annual Report 2014
Shareholding Corporate Internal Control and Connected Discussion Responsibilities Concerning Financial Accuracy of Auditors
Key Risks Structure Management Governance Risk Management Transactions and Analysis the Companys Financial Report Statements Remuneration
matters. In addition, the Board of Directors and Audit Committee have also overseen
compliance with the relevant rules and regulations concerning connected transactions. In
consideration of connected transactions, the director who might have conflict of interests is
not entitled to vote.
The opinion of the Audit Committee regarding the Company s connected transactions has
been disclosed in the topic of Connected transactions .
The Board of Directors has prepared a report indicating its responsibilities for financial
statements, as appended to the auditor s report, to ensure that the Company s financial
report is complete, true, reasonable and in compliance with generally accepted accounting
standard and relevant regulations. The Company regularly conducts appropriate
accounting policy.
Even though the Chairman of the Board represents a major shareholder, the Company has
the Audit Committee to help ensuring that the approval of any transactions is carried out
correctly, transparently and fairly.
In 2009, the Board of Directors has formulated the Corporate Governance Policy in which
the relevant policy and key principal are complied for the directors and employees to follow
in their performance of duties. The details of the policy have been posted on the
Company's web site, http://www.ticon.co.th
4. AUDIT COMMITTEE
The Company has three Audit Committee s members. All the members are independent, which
holds the Company s ordinary share less than 1 percent, non-executive directors, and have
accounting and/or finance background. The Audit Committee assists the Board in fulfilling the
Company s good corporate governance, particularly in providing visions of business,
commenting on financial reports and internal control systems, and monitoring the completion
and compliance with relevant standards and regulations of the disclosure of financial reports. All
these actions enhance the quality of the said reports.
The Audit Committee has played an important role in the following areas to enhance good
corporate governance:
The Audit Committees meetings are arranged at least once a quarter to consider the
above matters. The Company s auditor also joins the meeting in every round of
consideration of the financial reports.
63
Annual Report 2014
