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Annual Report
2013
The Audit Committee of the Ratchaburi
Electricity Generating Holding Public Company
Limited comprises 4 independent director
members. Capt. Siridech Julpema is the Chairman
of the Audit Committee. Other committee
members are Mr. Satit Rungkasiri, Miss Rattana
Tripipatkul and Miss Piyathida Praditbatuga.
Mr. Pornchai Chamnongdet, the Company’s
Vice President - Head of Internal Audit Division
acts as the Committee’s secretary. In 2013,
the number of Committee member was increased according to the Board of Directors’ resolution
No. 4/2013 under which Miss Rattana Tripipatkul was appointed to the Committee on 24 April 2013.
All members of the Audit Committee have complete qualifications of Independent Directors
and Audit Committee members as stated in the Company’s Regulations on the Company’s Board
of Directors 2013 and the Company’s regulations on Audit Committee 2008. Both of which are
compliant with the regulations of the Securities and Exchange Commission and the Stock Exchange
of Thailand.
In 2013, the Audit Committee convened six meetings, including one meeting between
the Committee and auditors without the presence of the Management representative. (Details on each
Committee member’s meeting attendance appeared in the Meeting Attendance Table under
the Good Corporate Governance Section.) The Management of the Company and its subsidiaries and
the auditors participated in the meetings to present information, listen to opinions and suggestions
that are useful to the management of the Company. The results of each meeting were presented
to the Board of Directors of the Company and its subsidiaries for their acknowledgement.
Key activities undertaken by the Audit Committee in the previous year are as follows :
Reviewing quarterly and annual financial statements of the Company and its subsidiaries
for their completeness, correctness and reliability prior to presentation to the directors
of each company
Considering the implementation of new accounting and financial report standards that have
been revised and contain conditions that can be applied to the Company’s operations,
which became effective since 2013, by working closely with the auditors
Audit Committee’s Report
