SCB

Functions and Responsibilities

1. To consider the bank’s business plan and annual budget for presentation to the Board of Directors.
2. To consider and to approve credit, debt restructuring, investment in securities and immovable assets,
    borrowing, and expenditures, according to the Bank’s regulations.
3. To formulate the overall investment strategy of the Bank, and investment policies of the companies
    in the Bank group in line with the Bank’s own policy, and to approve investment guidelines and
    investment requests in accordance with the Bank’s regulations.
4. To consider other crucial issues such as new businesses, interest rate policy, accounting policy, and
    legal proceedings against the bank.
5. To screen issues prior to their submission to the Board.
6. To approve or take note of issues related to the management of the Bank which the Committee
    deems necessary or appropriate.
7. To consider issues that are assigned by the Board.
8. Responsibility related to the Audit Committee
    • Work with the Audit Committee for approval of the Bank’s major Accounting policy and compilation
      system.
    • Work with the Audit Committee for approval of the appointment, removal, termination of
      employment, and remuneration of senior executives of Audit Group.
    • Work with the Audit Committee for approval of all expenses related to the Audit Committee which
      are not included in the budget.  
    • Acknowledge internal audit reports concerning preventive and audit measures including
      recommending solutions.  Damage or possible loss which could severely affect the Bank must be
      immediately reported by Audit Group to the Executive Committee.