Page 35 - Annual Report English 2018

Tycoons Worldwide Group (Thailand) Plc.

meeting or casting their votes. The given documents must be clear, analytical and sufficient
of recommendation.

There were 6 times meetings held in 2018. Please see the attendance record of directors.
Name Position Time of
Attendance
1. Mr. Huang, Wen-Sung Chairman of Board 5/6
2. Ms. Lu, Yen-Chuan Director 0/6
3. Mr. Natthawat Thanapinyanun Director 6/6
4. Miss. Hwang, Feng-Mei Director 6/6
5. Mr. Surabhon Kwanchaithunya Independent Director 6/6
6. Mr. Jirawat Huang Independent Director 6/6
7. Mr. Phiphat Wangphichit Independent Director 6/6

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 29-33), which is followed strictly by the board in 2018.

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 2018, 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).

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