Page 64 - 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

The following table shows the attendance of each Audit Committee s member in year 2014.

Number of attendances
(4 meetings in total)

1. Mr. David Desmond Tarrant 4
2. Mr. Threekwan Bunnag 4
3. Mr. Chatchaval Jiaravanon 4

Presently, the Company s internal auditor is responsible for taking care of the Audit Committee s
activities, including arranging the meeting, preparing agenda and supporting document,
circulating agenda, recording all the proceeding in the minutes and filing relevant document.

 The Audit Committee will report all activities which have already been carried out to the
Board of Directors Meeting at least every quarter. The Committee has policy on reporting
any essential incidents to the Board immediately. In addition, the Committee has prepared
a report to the shareholders in the Annual Report.

 The Company has the Audit Committees Charter. The charter includes roles and
responsibilities of the Committee. This will help enhancing the effectiveness of the
Committee.

5. EXECUTIVE COMMITTEE

The Executive Committee has 5 members who are appointed by the Board of Directors to
perform duties assigned by the Board of Directors.

6. COMPENSATION COMMITTEE

The Compensation Committee comprises 3 directors who are appointed by the shareholders or
the Board of Directors. The Committee is responsible for monitoring the transparency and
fairness of the determination of the directors and management s compensations, as well as the
provision of the employees welfare.

The Compensations mentioned above will be determined according to market practice, the
Company s performance and duties and responsibilities of the directors and management.

The following table shows the attendance of each Compensation Committees member in year
2014.

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Annual Report 2014