It is with the deepest sadness of all thais in

Info icon This preview shows pages 5–7. Sign up to view the full content.

It is with the deepest sadness of all Thais, in- cluding the Board of Directors, management and employees of Food Capitals, that we endure the passing of His Majesty the Late King Bhumibol Adulyadej in October of 2016. One of His Maj- esty’s enduring aspirations is the sustainable development of Thailand and the Thai people. Minor International is proud to take part in this. We are committed to delivering sustainable earn- ings for our shareholders, and at the same time to support and grow alongside our stakeholders, be they business partners, employees, suppliers, customers or communities. We strongly believe that 2017 will be an exciting year. We would like to thank you all stakehold- ers for your generous support and wish you will continue to support us in the future. Lastly, we would like to thank you all stakehold- ers for your generous support and wish you will continue to support us in the future. AKARAT NA RANONG DIRECTOR TARAKORN ANGPUBATE CHIEF EXECUTIVE OFFICER AND EXECUTIVE DIRECTOR
Image of page 5

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

6 Food Capitals Public Company Limited ANNUAL REPORT 2016 The Audit Committees of Food Capitals Public Com- pany Limited consists of 3 people which are Mr.Witit Sujjapong (Chairman of the Audit Committee), Mr.Krish Detter (Audit Committee) and Mr.Viroj Tangjetan- aporn (Audit Committee). The Audit Committees of the Company works independently in accordance with the standards established by the Board of Di- rectors of the Stock Exchange of Thailand (SET) and the Securities and Exchange Commission. Mr. Witit Sujjapong, the Chairman of the Audit Committee, Is a knowledgeable person, understanding and has adequately experience in reviewing accounting and financial transactions. Additionally, he also has the knowledge and understanding regarding preparing publicly disclosed financial statements. The Audit Committee acts as a representative and mitigates the duties and responsibilities of the Board of Directors in relation to the transparency of financial reports and disclosure of financial information, the adequacy and effectiveness of internal control, performance, char- acteristics, and independence of the Internal Audit Department. Moreover, It helps to review the laws and regulations in compliance with the Securities and Exchange Commission and prevent conflicts of interest, Including advice to the Board of Directors on the selection and appointment of the Company’s auditors. There are four audit committee meetings were held in 2016. The obligations are as follows; • Consider the Company’s quarterly and annually financial reports. The meetings were held including the company’s auditors to review the report of the auditor, validate the financial statements, disclosure and related accounting policies to ensure that the Company’s financial statements are accurate, com - plete, reliable and prepared in accordance with Gen- erally Accepted Accounting Principles (GAAP) • The Audit Committee considered the internal audit plan of the Internal Audit Department, review the re-
Image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.
  • Spring '14
  • Capitals Public Company Limited, Capitals Public Company

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern