ข้อมูลรายงานต่อตลาดหลักทรัพย์
Form to report on names of Members&Scope of work of the A/C
F 24-1
Form to Report on Names of Members and Scope of Work of the Audit Committee
The Board of Directors meeting of Indorama Ventures Public Company
Limited No. 4/2010 held on 12 May 2010 resolved the meeting's resolutions in
the following manners:
Appointment of the new member of the audit committee, Mr. Maris
Samamram to replace Mr.William Ellwood Heinecke
The appointment shall take an effect as of 12 May 2010
The Names and details of the Audit Committee
1) Chairman of the Audit Committee Mr. Rathian Srimongkol
Remaining Term 1 year 4 months
2) Member of Audit Committee Mr. Chakramon Phasukavanich
Remaining Term 1 year 4 months
3) Member of Audit Committee Mr. Maris Samaram
Remaining Term 1 year 4 months
Secretary of Audit Committee Mr. Harsha V Reddy
The certificate and profile of 1 Audit Committee enclosed herewith and the
audit director No. 1 and 3 has sufficient knowledge and experience to perform
the duties in reviewing the reliability of financial statements.
The scope of duty and responsibilities of the audit committee is as follows:
The Audit Committee has the duties as delegated by the company's board of
directors as follows:
1. To review the company's financial reporting process to ensure that
it is accurate and adequate;
2. To review the company's internal control system and internal audit
system to ensure that they are suitable and efficient, to determine an
internal audit unit's independence, as well as to approve the appointment,
transfer and dismissal of the chief of an internal audit unit or any other
unit in charge of an internal audit;
3. To review the company's compliance with the law on securities and
exchange, the regulations of the Stock Exchange of Thailand, and the laws
relating to the company's business;
4. To consider, select and nominate an independent person to be the
company's auditor, and to propose such person's remuneration, as well as to
attend a non-management meeting with an auditor at least once a year;
2
5. To review the connected transactions, or the transactions that may lead to
conflicts of interest, to ensure that they are in compliance with the laws and
the regulations of the Stock Exchange of Thailand, and are reasonable and for
the highest benefit of the Company;
6. To prepare, and to disclose in the company's annual report, an Audit
Committee's report which must be signed by the Chairman of the Audit
Committee and consist of at least the following information:
(a) an opinion on the accuracy, completeness and
credibility of the company's financial report;
(b) an opinion on the adequacy of the company's
internal control system;
(c) an opinion on the compliance with the law on
securities and exchange, the regulations of the Stock Exchange of Thailand, or
the laws relating to the company's business;
(d) an opinion on the suitability of an auditor;
(e) an opinion on the transactions that may lead to
conflicts of interests;
(f) the number of the Audit Committee meetings, and
the attendance at such meetings by each committee member;
(g) an opinion or overview of comments received by the
Audit Committee from its performance of duties in accordance with the
charter; and
(h) other transactions which, according to the Audit
Committee's opinion, should be known to the shareholders and general investors.
7. To perform any other act as assigned by the company's board
of directors, with the approval of the Audit Committee.
The Audit Committee is responsible to the Board of Directors according to the
duties assigned by the Board of Directors, while the responsibilities for all
activities of the company towards third persons are still vested
in the entire Board of Directors.
3
The Company hereby certify to the SET as follows:
1. The Audit Committee of the Company has qualifications as in
accordance with the rules prescribed under the Notification of the Stock
Exchange of Thailand.
2. The scope, duties and responsibilities of the Audit Committee as
above-mentioned are in accordance with the rules prescribed under the
Notification of the Stock Exchange of Thailand.
____________________________
(Mr. Aloke Lohia)
Director
____________________________
(Mr. Sashi Prakash Khaitan)
Director
Form to Report on Names of Members and Scope of Work of the Audit Committee
The Board of Directors meeting of Indorama Ventures Public Company
Limited No. 4/2010 held on 12 May 2010 resolved the meeting's resolutions in
the following manners:
Appointment of the new member of the audit committee, Mr. Maris
Samamram to replace Mr.William Ellwood Heinecke
The appointment shall take an effect as of 12 May 2010
The Names and details of the Audit Committee
1) Chairman of the Audit Committee Mr. Rathian Srimongkol
Remaining Term 1 year 4 months
2) Member of Audit Committee Mr. Chakramon Phasukavanich
Remaining Term 1 year 4 months
3) Member of Audit Committee Mr. Maris Samaram
Remaining Term 1 year 4 months
Secretary of Audit Committee Mr. Harsha V Reddy
The certificate and profile of 1 Audit Committee enclosed herewith and the
audit director No. 1 and 3 has sufficient knowledge and experience to perform
the duties in reviewing the reliability of financial statements.
The scope of duty and responsibilities of the audit committee is as follows:
The Audit Committee has the duties as delegated by the company's board of
directors as follows:
1. To review the company's financial reporting process to ensure that
it is accurate and adequate;
2. To review the company's internal control system and internal audit
system to ensure that they are suitable and efficient, to determine an
internal audit unit's independence, as well as to approve the appointment,
transfer and dismissal of the chief of an internal audit unit or any other
unit in charge of an internal audit;
3. To review the company's compliance with the law on securities and
exchange, the regulations of the Stock Exchange of Thailand, and the laws
relating to the company's business;
4. To consider, select and nominate an independent person to be the
company's auditor, and to propose such person's remuneration, as well as to
attend a non-management meeting with an auditor at least once a year;
2
5. To review the connected transactions, or the transactions that may lead to
conflicts of interest, to ensure that they are in compliance with the laws and
the regulations of the Stock Exchange of Thailand, and are reasonable and for
the highest benefit of the Company;
6. To prepare, and to disclose in the company's annual report, an Audit
Committee's report which must be signed by the Chairman of the Audit
Committee and consist of at least the following information:
(a) an opinion on the accuracy, completeness and
credibility of the company's financial report;
(b) an opinion on the adequacy of the company's
internal control system;
(c) an opinion on the compliance with the law on
securities and exchange, the regulations of the Stock Exchange of Thailand, or
the laws relating to the company's business;
(d) an opinion on the suitability of an auditor;
(e) an opinion on the transactions that may lead to
conflicts of interests;
(f) the number of the Audit Committee meetings, and
the attendance at such meetings by each committee member;
(g) an opinion or overview of comments received by the
Audit Committee from its performance of duties in accordance with the
charter; and
(h) other transactions which, according to the Audit
Committee's opinion, should be known to the shareholders and general investors.
7. To perform any other act as assigned by the company's board
of directors, with the approval of the Audit Committee.
The Audit Committee is responsible to the Board of Directors according to the
duties assigned by the Board of Directors, while the responsibilities for all
activities of the company towards third persons are still vested
in the entire Board of Directors.
3
The Company hereby certify to the SET as follows:
1. The Audit Committee of the Company has qualifications as in
accordance with the rules prescribed under the Notification of the Stock
Exchange of Thailand.
2. The scope, duties and responsibilities of the Audit Committee as
above-mentioned are in accordance with the rules prescribed under the
Notification of the Stock Exchange of Thailand.
____________________________
(Mr. Aloke Lohia)
Director
____________________________
(Mr. Sashi Prakash Khaitan)
Director