We aim to be the most preferred non-life insurer in Thailand

4. To consider a selection and proposal for an appointment of an auditor and fix his/her remuneration,
including attending a meeting, at least once a year, with the auditor but without the Management Department in attendance.
5. To oversee crossover transactions and those with conflicts of interest so that they are in compliance
with laws and the SET requirements, and bring about maximum benefits to the Company.
6. To prepare an audit committee report, which shall be included in the Company’s annual report. The
report must be signed by the Chairman of the Audit Committee and consist of a minimum of the following data:
a. An opinion on the Company’s financial statements’ accuracy, completeness and reliability.
b. To ensure that the Company has adequate and effective internal control systems.
c. An opinion on the practices in accordance with the Security Act, the SET requirements or other laws
related to the Company’s business.
d. An opinion on the Company’s auditor’s appropriateness.
e. An opinion on transactions with conflicts of interest.
f. The number of the Audit Committee’s meetings and each committee member’s meeting attendance.
g. An overall opinion or note that the Audit Committee has received due to its duty performance based
on the Charter.
h. Other items which the Audit Committee thinks that the Company’s shareholders and general investors
should know, within the scope of duties and responsibilities assigned to it by the Board of Directors.
7. Any other implementations assigned to the Audit Committee by the Board of Directors, with an approval
of the former.
The Audit Committee’s Meeting
A minimum of four meetings a year is defined.
1.2.2 The Remuneration and Nomination Committee
The Remuneration and Nomination Committee comprises 3 members, with the Committee chairman and at
least one of its members being independent directors. Every time there is an appointment of a new Board director, the
Remuneration and Nomination Committee is responsible for a review of the Board of Directors’ qualifications in order to define
appropriate qualifications of a new Board director, who will strengthen the Board of Directors. The scope of Duties and authority of
the Remuneration and Nomination Committee includes the following:
The Scope of Duties and Authority of the Remuneration and Nomination Committee
The scope of duties and authority of the Remuneration and Nomination Committee is described below:
1. To ensure that the number and proportion, as well as the components of the Board of Directors are
appropriate to the organization.
2. To select a suitable and qualified person to replace a Board member in case of his completing his
term, resignation or other reasons, apart from nominating a new Board member to shareholders or the Board for consideration and
appointment, based on the case and in accordance with the Company’s regulations.
3. To select a suitable and qualified person to supersede the President or Senior Executive Vice President
in case of an expiry of their term, resignation or other reasons, besides nominating a new person for the Board’s scrutiny and appointment.
4. To oversee and define policies on remuneration and other benefits of the Board Director, President
and Senior Executive Vice President that are appropriate to their duties and responsibilities.
5. To ensure that there is a plan for a succession to the position of the President and Senior Executive
Vice President.
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