Page 38 - Annual Report English 2018

Tycoons Worldwide Group (Thailand) Plc.

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
7. To propose the annual expense budget to be forwarded to the Board of Directors.

8. To consider merit of, appoint, transfer, punishing, discharging and recruiting managers.
9. To run the business following the policies set out by the Board of Directors.
10. To carry out such duties in good faith and with care to preserve the interests of the company.

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