SCI Annual Report 2015

SCI Electric Public Company Limited
Dividend Payment Policy
The Company has a policy to pay to the shareholders the dividends of not less than 40% of net profits after deductions of
corporate tax and reserve in accordance with the law for the Company’s specific financial statements. Nevertheless, such
dividend payment is subject to change which, in this respect, it will be dependable on the investment plan, liquidity, necessity
and other suitability in the future. In addition, the resolution of the Company Board of Directors approving the dividend payment
must as well be submitted for the approval of the shareholders meeting except the interim dividend payment on which the
Company Board of Directors has the power to approve which, in this respect, a report accordingly must be reported to the
shareholders in the succeeding shareholders meeting.
Internal Control and Risk Management
The Company is aware of the importance of good internal control system which can help in carrying out of business
operations efficiently and effectively. The Company has the Audit and Risk Management Committee to perform duties in
reviewing the suitable internal control system and that the internal audits are implemented in accordance with the principle
of good corporate governance. In this respect, the Audit and Risk Management Committee meeting to approve transactions
relating to the Company’s internal control system will be attended by the Auditor, Internal Auditor and Executive (Risk
Management Team) as suitable in order to present data to the Audit and Risk Management Committee for consideration on
the acknowledgment, monitoring on the progress and finding correction solutions on the problems as observed in order that
such observed problems can be solved in a timely manner.
In addition, the Company provides an independently outsourced Internal Auditor, by appointing S K Advisory Co., Ltd.,
operated by Ms. Sujitra Kijwimontrakool who is well-versed in accounting and internal control system to be the Advisor in
strengthening the internal control system for more rigidity as well as carrying out actions in eliminating the risk and irregular
transactions. The Audit Committee has already taken the abovementioned qualifications into consideration and is of the view
that she is adequately qualified to perform duty as the Company’s Auditor. In this respect, the Audit Committee Secretary is
assigned to submit result of the internal audits to the Audit Committee at least once every 3 months.
In 2015, the Company had a sufficiency assessment of the internal control conducted by the Company Board of Directors
with the Audit Committee also attending the meeting. The Board of Directors made the internal system assessment by making
inquiries on information from the Management in relation to the sufficiency of the internal control system in all 5 areas: namely;
Control Environment, Risk Assessment, Control Activities, Information & Communication and Monitoring Activities. After the
assessment, the Board of Directors was of the view that the Company’s internal control system was adequate and suitable. In
this connection, the Company provides personnel sufficient to efficiently carry out operations in accordance with the system
deploying the internal control system for monitoring controls over the Company’s operations and its subsidies to be able to
sufficiently prevent the assets of the Company and its subsidies from being used unlawfully or without any authority by Directors
or Executives including transactions with a possible controversial person and related person as well as the internal audit system
with independency in monitoring and assessing the internal audit. Nevertheless, the Board of Directors has reiterated the
matter of the performance in strict compliance with the principle of good corporate governance of the Company in order
that performance of the Company’s operations can be carried out in a manner of the optimal transparency and efficiency.
Moreover, the Company has deployed the archive system of important documents which would enable Directors, Auditor and
person having the power under the law to check and verify them within a reasonable period of time.
Safeguarding of and Prevention against
the Use of Internal Information
1. Educating Directors including Executives of various Departments relating to their duties to submit reports on the
possessions of securities of themselves, their spouses, underage child or children to Securities and Exchange Commission
and Stock Exchange of Thailand in accordance with Section 59 and Office of SEC Notification No. Sor.Jor. 12/2552,
Re: Preparation and Disclosure of Report on the Possession of Securities of a Director, an Executive and Auditor and
Penalty under Section 275 of Securities and Exchange Act, B. E. 2535 (1992).
164