Page 38 - Annual report eng 2019

Tycoons Worldwide Group (Thailand) Plc.

(8) other transactions which, according to the audit committee's opinion, should be known
to the shareholders and general investors, subject to the scope of duties and
responsibilities assigned by the Company's board of directors; and
7. Appoint, revoke, transfer of terminate the Director of the Internal Audit Office (if any) or
employ or change the employment of other Internal Audit Offices.

8. To perform any other act as assigned by the Company's board of directors, with the approval of the
audit committee.

The Executive Board
1. Prescribe the policy, direction, strategy and structure of major management work for the business
operation of the company to respond to and support the economic and competitive situation as
prescribed and declared to the shareholders and to propose the same for approval of the Board of
Directors.
2. Prescribe business plan, budget and management power of the company and propose the same
for approval of the Board of Directors.
3. Inspect, follow up the policy and management guidelines in various aspects to determine whether
it is properly implemented to benefit the business operation of the company.
4. Inspect and follow up the results of business operations to determine whether it is in accordance
with the approved business plan.

5. Consider, as a preliminary matter, large investment projects of the company below 50 MB (if
greater than 50 MB, it will be forwarded to the Board of Directors).

6. Perform other duties as being assigned by the Board of Directors from time to time.
7. In case of such matter is already prescribed in the business plan or budget duly approved by the
Board of Directors, the Executive Board shall be entitled to take any action regardless of the
amount of money involved.
8. In any matters other than those specified in clause 7, the Executive Board is empowered to
approve items concerning working capital loans (any other loan will be forwarded to Board of
Directors for consideration).
9. Approval on opening an account with any financial institution.

The Managing Director
1. To be a chairman of all management.

2. To approve all operational plans of every department.
3. To manage and run the business according to the normal practices of the company. With respect to
any significant matters, adversely affecting the company’s reputation and financial status regarding
the company’s business, the managing director will consult the Board of Directors for their
consideration.

4. Follow up the company’s business operations to conform them to the company plan and assigned
policy.
5. To approve requests from any department over which he has authority.
6. To preliminarily consider and propose investment plans or new businesses together with
sales/acquisitions of asset in an amount exceeding 50 million baht before submitting such matters
to the Board for approval through Executive Board

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