Page 163 - BAM ONE REPORT 2564 (ENGLISH VERSION)

Form 56-1 One Report 2021
Bangkok Commercial Asset Management Public Co., Ltd. 161

(7) overall opinion or observation of the (m) In performing its duties under the Charter, the
Audit Committee from performing their Audit Committee is directly accountable to
duties in accordance with the Audit the Board of Directors, and the Board of
Committee Charter; and Directors remains accountable to the third
(8) other information that the shareholders parties for the Company’s operation.
and general investors should be aware
of under the scope of duties and The Executive Committee
responsibilities of the Audit Committee As of 5 March 2021, the Executive Committee was
assigned by the Board of Directors composed of four members, as follows:
(i) In performing its duties, if the Audit Committee 1. Mr. Bunyong Visatemongkolchai The Chairman of the
discovers or suspects that any of the following Executive Committee
transactions or actions may materially affect 2. Mr. Satorn Topothai Executive Director
the Company’s financial position and 3. Mr. Vichan Amornrojjanawong Executive Director
performance, the Audit Committee shall report 4. Chief Executive Officer Executive Director and
such issue to the Board of Directors for Secretary
rectification within a period of time the Audit
Committee deems fit: Chief Executive Officer serves as the Executive
(1) Transactions which create a conflict of Director and Secretary to the Executive Committee and
interest; Executive Vice President, Corporate Supporting Group,
(2) Frauds or irregularities or crucial serves as Assistant Secretary.
defective issues in the internal control
system; or The scope of the Executive Committee’s authority
(3) Breaches of the Securities and Exchange and duties is subject to the Company’s Notification on
Act, the SET’s regulations or the laws the Executive Committee Charter, dated 5 March 2021,
that are related to the Company’s as follows:
business. (a) Determine the main goals and policies
If the Board of Directors fails to cause the issue to for the Company’s operation.
be rectified within the said time period, any of the Audit (b) Consider and approve the Company’s policies,
Committee members may report such transactions or acts strategies, and guidelines for fund raising,
to the SET or the SET. investment, joint venture, risk management,
(j) Approve the Internal Audit Department’s asset development and resolution, and
charter and yearly auditing plan and budget. disposal of and procurement of benefits from
(k) Establish the Auditor Committee Charter that NPAs in accordance with the economic
aligns with the scope of responsibilities of condition and competition.
the Audit Committee over the Company’s (c) Consider and evaluate the appropriateness
operation, which must be approved by of the Company’s liquidity management plan,
the Board of Directors, and review the monitor the Company’s liquidity condition,
appropriateness of such charter at least once review the liquidity management plan, and
a year. evaluate the severity of the problems and give
(l) Perform any other duties as prescribed by the the instruction for solving those problems in
laws, rules and/or regulations applicable to accordance with the guideline for liquidity
the Company or as assigned by the Board of management during crisis.
Directors under the scope of duties and
responsibilities of the Audit Committee.