Page 35 - Annual report eng 2020

Tycoons Worldwide Group (Thailand) Plc.

There were 8 times meetings held in 2020. Please see the attendance record of directors.
Name Position Time of
Attendance
1. Ms. Lu, Yen-Chuan Chairman of Board 0/8
2. Mr. Huang, Wen-Sung Director 0/8
3. Mr. Natthawat Thanapinyanun Director 8/8
4. Ms. Hwang, Feng-Mei Director 7/8
5. Mr. Surabhon Kwanchaithunya Independent Director 8/8
6. Mr. Jirawat Huang Independent Director 8/8
7. Mr. Phiphat Wangphichit Independent Director 8/8

Scope and Responsibility of the Board
The Board of Directors has set a clear scope of responsibility of the board of directors
(refer to page 28-31), which is followed strictly by the board in 2020.

Internal Control/Audit System
The company has developed the internal control system to monitor and audit the area
including finance and operation to ensure that they comply with the law and regulations. It
would provide the balancing mechanism for the company to protect the shareholders’
investment and the company asset. The company established internal auditing unit to audit and
ensure that all departments are operated in accordance with the regulations, and moreover to
assess the efficiency of the auditing work. The board of directors ensured that the internal
auditing unit is independent and can serve as balancing mechanism. In 2020, the internal
auditor has presented the report on the efficiency of the control system to the board of audit
committee and board of directors for review.

8.2 Sub-Committee of Board of Directors

The scope of work and responsibilities of the Board of Directors, Audit Committee Executive Board,
Managing Director in accordance with Public Limited Company Act and related Acts are as follows:

The Board of Directors

1. To perform its duty in the most professional manner to comply with all laws, the company’s

objectives, articles of association and shareholder’s resolutions as well as to preserve the
company’s benefit and interests.

2. To determine the company’s direction and control all business operations in accordance with the
related government entities’ rules and regulations. To assure the disclosure of information to
shareholders and related entities as well as perform transparency management to achieve
optimal benefits to the company.
3. To ensure that business is operated efficiently and in compliance with all regulatory bodies such
as the Stock Exchange of Thailand (SET) and the Securities and Exchange Commission (SEC).

4. To ensure that the company has effective internal control systems and an internal audit unit that
works closely with the audit committee.

5. The Board of Directors may establish an executive board and a management team or delegate
control to other persons to manage the company under the Board of Directors’ supervision. The
delegation must be accompanied by responsibilities and limitation of the control and must not

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