SCI Annual Report 2015

SCI Electric Public Company Limited
5. Specify the company’s goals, methods, policies, plans, and budget, as well as control and manage the administration
following to the specified policies, except for these following regulations that the approval of the Board is required
before the operation;
The operation of some duties requires the approval of the Board, such as increasing or decreasing the capital,
the launch of the debenture, the trade among other companies, and the revision of the regulations.
Moreover, the Board is responsible for supervising the company’s management to fulfill the legal regulations,
specifically the Securities and Exchange Act and the regulations of the Stock Exchange of Thailand. These include
the connected transactions, the trade of assets following to the regulation of the stock exchange, and other laws
related to the industry.
6. Examine the administrative structures, appoint the Board members, managing directors, and other committees due
to the appropriateness;
7. Follow up with the management in order to constantly ensure the maintenance of the plans and budget;
8. Approve the opening and closing of accounts with the bank or other financial institutions, along with the conditions
of withdrawal and other financial transactions;
9. Approve the invested capital following to the annual expenditure;
10. Specify the company’s structures and assign duties towards the executive directors;
11. Possess the capability to authorize representative(s) to other staff to perform duties under the control of the executive
directors or any types of appropriate authority during the period of time. Nevertheless, the assignment could be
canceled, ignored or revised by the person who assigns the authority as appropriate, and that the assignment would
not be operated on those who might be against the interests of the company;
12. The authorized committees shall not perform or participate in any similar business that could turn to be the company’s
rivals. This includes possessing shares or participating in any limited partnership as an unlimited liability partner, and
working as a committee at a private company or other business in the similar industry that could be considered as
competing with the company’s achievements, no matter for the person’s interests or others’. Notwithstanding, the
operation could be fulfilled if the committee has informed the Board before the assignation;
13. The committees shall inform the company without hesitancy if his/her interests could be directly/indirectly diminished
or increased by the company’s contracts, shares, or other assets of the company.
The Audit and Risk Management Committee
The 1/2015 Extraordinary General Meeting of Shareholders, held on April 22, 2015, resolved to appoint the Audit and Risk
Management Committee consisting of 3 members as follow:
1. Mrs. Pranee Phasipol1, Chairman of the Audit and Risk Management who is intellectual and experienced enough to
be responsible for reviewing the reliability of financial statements.
2. Mrs. Chattong Tippayakalin, Audit and Risk Management Committee
3. Ms. Chaovana Viwatpanachati2, Audit and Risk Management Committee, who is intellectual and experienced enough
to be responsible for reviewing the reliability of financial statements.
Miss Patcharapa Thepsaman, served as Secretary to the Board of Audit and Risk Management Committee.
1/ Highest Education: Master of Accounting, Faculty of Commerce and Accountancy, Thammasat University
Experience: Present
- Audit Committee of Dusit Thani Company Limited (Public)
- Chairman of the Subcommittee of the of Certified Accountants and Auditors of Thailand,
Federation of Accounting Professions
- Qualified Director in the Board of SEC
2/ Highest Education: Master of Accounting, Chulalongkorn University
Experience: Present - Managing Director of Office Pitisevi Co., Ltd. (Accounting Office)
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