The company specifies the remuneration of directors

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The Company specifies the remuneration of Directors and management in accordance with regulations set by the Office of the Securities and Exchange Commission and the Stock Exchange of Thailand. Meetings of the Board of Directors Board of Directors’ meetings for the Company are held no less than once every quarter. Additional meetings may be called to discuss special agenda items. Directors must attend, except in case of an emergency. An invita- tion, along with the meeting agenda and relevant documents, are sent out to each Director at least seven days before the meeting to allow adequate time to study the information. In every meeting, each Director can openly and freely express his opinion. The minutes of each meeting are properly documented and after approval from the Board, filed for auditing purposes. 79 Food Capitals Public Company Limited ANNUAL REPORT 2016
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Sub-Committees Audit Committee The Audit Committee was appointed to supervise the Company’s business, including its composition, scope of authority and the responsibilities of each committee member, and management structure. The Audit Committee comprises three non-executive Independent Directors as follows: 1. Mr. Witit Sujjapong Chairman of Audit Committee 2. Mr. Krish Detter Audit Committee Member 3. Mr. Viroj Tangjetanaporn Audit Committee Member The Committee is required to call meetings no less than once every quarter. A special meeting may be requested to discuss urgent agenda items. It is the duty of the Audit Committee to independently review the Company’s financial reports, internal control and audit, operations, selection and appoint the Company’s external auditor, disclose connected transactions or items concerning conflict of interest. Such an auditing process is aimed at strengthening the efficiency of control and supervision, in compliance with the policy of the Market for Alterna - tive Investment (“mai”). The Audit Committee Members/Independent Directors must possess the qualifications set out by the Capital Market Supervisory, as follows: 1. Holds shares not exceeding 1 percent of the total shares with voting right of the Company, its parent company, subsidiaries, associates, major shareholders, and controlling parties of the Company, provided that the shares held by the related parties of such Independent Director shall be included. 2. Is not or has never been an Executive Director, employee, staff, advisor who receives salary, nor controlling parties of the Company, its parent company, subsidiaries, associates, same-level subsidiaries, major shareholders or controlling parties of the Company unless the foregoing status ended at least 2 years. 3. Is not the person who has relationships by means of descent or legal registration under the status of father, mother, spouse, brothers and sisters and children, of Management, major shareholders, controlling party or the person who is in the process of nomination to be Management or controlling party of the Company or its subsidiary.
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  • Spring '14
  • Capitals Public Company Limited, Capitals Public Company

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