Board Sub-Committee The Board of director has appointed Sub-Committees to assist in the supervisions of the Companyûs businesses, as follows :Executive Committee : consists of minimum 3 and maximum 6 members. Senior Executive Vice President Provident Fund and Private Fund Marketing) serves as Secretary to the Committee. 1. Mr. Narongchai Akrasanee Chairman of the Executive Committee (Until 25 February 2006) 2. Mr. Goanpot Asvinvichit Chairman of the Executive Committee (Until 07 January 2007) 3. Mr. Boonsak Chiempricha Chairman of the Executive Committee (Since 08 January 2007) 4. Mr. Visit Vongruamlarp Executive Director 5. Capt. Charnchai Charnchayasuk Executive Director (Until 19 January 2006) 6. Mrs. Nongluck Virameteekul Executive Director (Until 01 January 2007) 7. Mr. Tee-Ra Witwutisak Executive Director (Until 07 January 2007) 8. Mr. Wichai Chungrakkiat Executive Director (Until 05 January 2007) 9. Mr. Yongyuth Tariyo Executive Director (Since 08 January 2007 › Present) 10. Mr. Manas Jamveha Executive Director (Since17 January 2007 › Present) 11. Mr.Chakkrit Parapuntakul Executive Director (Since 16 March 2007 › Present) 12. Mr. Pitchit Akrathit Executive Director 13. Mr. Chaibhondh Osataphan Secretary to the Executive Committee The Executive Committee held 12 meeting in 2006. 69
Functions and Responsibilities are as follows: 1. Consider and review Company policies including business plans, risk management, and budget etc. and monitoring implementation results to ensure that they are in accordance with the policies and plans laid down by the Board and regulatory requirements. 2. Consider and approve the establishment of investment funds and the appointment of the fundûs auditor as authorized by the Board. 3. Consider and approve activities and legal transactions that are not the Companyûs normal business operations within the financial limits authorized by the Board. 4. Review operational performances against the monthly budget prior to submission to the Board. 5. Review changes in the operation system, job definition and organization changes prior to submission to the Board. 6. Other businesses that the Board may assign. Audit Committee The Audit Committee is composed of 3 members, all of whom are independent directors. The term of office of each member is 2 years and the head of the Internal Audit Office serves as the Committee Secretary. Members of the Committee are: 1. Mr. Prapan Siriratthamrong Chairman of the Audit Committee 2. Mr. Adisorn Thananan-narapool Audit Committee 3. Mr. Kamthorn Tatiyakavee Audit Committee 4. Mr. Apirak Poomklin Secretary to the Audit Committee The Committee meets once a month. In 2006, there were held total 12 monthly meetings. The conclusion of the Audit Committeeûs meetings are as follows : 1. Review the audit reports of all departments, inclusive of reviewing the practical in compliance with the rules and regulations of the Compliance Department, and report on the follow-up on results of complying to the recommendations. 2. Review and provide the appropriate and sufficient Internal control and inspection systems, including the disclosure of information according to the requirement of related law and regulations. 3. Review the balance sheets report, select and propose appointments, and offer remunerations to the Company Auditors.