KASIKORNBANK KASIKORNTHAI
*?iHl:Hi KASIKORNBANK
The Board of Directors meeting of KASIKORNBANK PUBLIC COMPANY LIMITED No. 3/2016 held on March 30, 2016 resolved the meeting's resolutions in the following manners:
0 Appoiritmerit of the Audit Committee/Renewal for the term of Audit Committee:
0 Chairman of the Audit Committee D Member of the Audit Committee
el | (1) | Dr. Piyasvasti Amranand |
(2) | ||
(3) | ||
(4) |
the appoiritmeAt/renewal of which shall take an effect as of April 3, 2016
....---·-···---·-··-···-····- ······-·--···-·-·-·-·- ................._,_............., ..
Q Determination/Change in the scope of duties and responsibilities of the Audit Committee with following details:
-Remain as ever-
the determination/change of which shall take an effect as of
The Audit Committee consists of:
Chairman of the Audit Committee
Member of the Audit Committee
Member of the Audit Committee 4. Member of the Audit Committee
Dr. Piyasvasti Amranand Mrs. Puntip Surathin
Mr. Saravoot Yoovidhya Mrs. Suphajee Suthumpun
remaining term in office 3 years remaining term in office 3 months remaining term in office 2 years remaining term in office 2 years
7 months
Secretary of the Audit Committee Mr. Surasak Dudsdeemaytha
Enclosed hereto are copy of the certificate and biography of the Audit Committee. The Audit Committee number 2 and 4 have adequate expertise and experience to review creditability of the financia l reports.
The Audit Committee of the company has the scope of duties and responsibilities to the Board of Directors on the following matters:
Aut hor ities
The Audit Committee shall have authority to obtain independent professional opinions or advices for the matters related to its duties and responsibilities, as necessary, at the Bank's expense.
The Audit Committee shall also have authority to access to any information it requires and to request a meeting with management, employees or externalparties, as appropriate.
ontact Center 02-8888888
www.kasikornbank .com t1 Lum.m,'!Ji1 0107536000315
KASIKORNTHAI
HIHIH:i KASIKORNBANK
-2-
Duties and Responsibiliti es
Review financial statements on a quarter ly , semi-annual and annual basis with management and the external auditor of the Bank in order to ensure that the financial statements are accurate , sufficient, reliable, and in compliance with financial reporting standards and regulatory requirements .
Review the effectiveness and appropriateness of risk management processes with risk management unit, in consultation with internal and external auditors .
Oversee the effectiveness and independence of risk asset review function.
. Review the Bank's operations to see that they are in compliance with Securities and Exchange Acts, SET regulations and standards or banking laws and regulations pertaining to commerc ial banking business.
Oversee the compliance function and approve its charter and annual compliance plan.
Review reports of the internal auditors on the effectiveness and efficiency of risk management, internal control system and governance; discuss with the internal auditors about audit findings; and review the implementation as per recommendat ions of the internal auditors, the external auditor, and regulators.
Review the effectiveness of the internal audit function by reviewing and approving Internal Audit Charter, annual audit plan and significant changes of the approved plan; consider its independence and sufficiency of necessary resources; and concur in the appointment, transfer and dismissal of the Internal Audit Head.
Consider the qualifications, independence, performance and proposed audit fee of the external auditor and recommend the appointment and termination of the external auditor, including audit fee arrangement to the Board of Directors. In addition, hold at least one meeting a year with the external auditor without the presence of management.
Consider the Bank's policy and procedures in relation to non-audit services from the audit firm of the external auditor and give consent to the engagement of such service to ensure that it will not impair the independence of the external auditor.
Evaluate the connected transactions, or transactions with possible conflict of interest in relation to compliance with the laws and regulatory requirements in order to ensure transparency of those transactions.
Consider the disclosure of information on connected transactions, conflicts of interest or certain Bank operations that can produce significant effects to ensure transparency and appropriateness.
Ensure that preliminary investigation is carried out after receiving the external auditor's report on behavior suspicious of fraud or violation of laws by the Bank's board members and management. The Audit Committee shall report the results of such investigation to the Securities and Exchange Commission and the external auditor within 30 days from the date they are notified by the external auditor.
Oversee and receive complaint or information submitted directly by stakeholders for attention of the Board of Directors.
K-Contact Center 02-8888888
www .kasikornbank.com Yl:LiillL 0107536000315
KASIKORNTHAI
*m1:Hi KASIKORNBANK
-3-
Submit minutes of each Audit Committee Meeting to the Board of Directors, and prepare the annual Audit Committee Report, signed by the Audit Committee Chairperson, summarizing the year's activities giving information or data specified by the Stock Exchange of Thailand for disclosure in the annual report of the Bank.
Review the Audit Committee Charter at least once a year to appropriately cover its duties and responsibilities and propose any necessary amendments to the Board of Directors for consideration.
Annual ly conduct its performance assessment relative to the Audit Committee's purpose, duties and responsibilities and report the performance assessment to the Board of Directors.
Perform other duties as per regulatory requirements or assignment of the Board of Directors, as agreed by the Aud it Committee.
The company hereby certifies that
The qualifications of the aforementioned members meet all the requirements of the Stock Exchange of Thailand; and
The scope of duties and responsibilities of the Audit Committee as stated above meet all the requirements of the Stock Exchange of Thailand.
Signed
(Mr. Predee Daochai) President
K-Contact Center 02-8888888
www.kasikornbank .com 1'1:Lua1mt•JJ 0107536000315
Kasikornbank pcl issued this content on 30 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 March 2016 03:40:15 UTC
Original Document: http://www.kasikornbank.com/EN/Investors/FinanInfoReports/LetterToSET/20160330_F24_1_EN.pdf
