Board of Director

Board Committees

Executive Committee

Executive Committee

1. Dr.Vichit Suraphongchai Chairman
2. Mr.Kan Trakulhoon Member
3. Mr.Chakkrit Parapuntakul Member
4. Mr.Arthid Nanthawithaya Member and President

 

Functions and Responsibilities
The crucial duties and responsibilities of the Executive Committee are to ensure that the Bank's operations are in accordance with its strategies and policies and regulations. The Committee is empowered to administer and manage the Bank's business, and perform tasks assigned by the Board of Directors, with an aim to accomplish the Bank's vision and be in alignment with the Bank's mission, as well as to promote management practices that are in compliance with the Bank's core values.

In addition, the Executive Committee shall have authorities, duties, and responsibilities as follows:

 

  1. To consider and formulate the Bank's business strategy, financial goals, business plan (in short, medium, and long term), including annual budget for presentation to the Board of Directors.

  2. To consider and approve matters related to the business of the Bank according to the Bank's regulations including, but not limited to the following:
    1. Credit
    2. Debt Restructuring
    3. Investment Strategy and Investments
    4. Contingent Liabilities and Borrowing
    5. Human Resource Matters
    6. Budget, Expenditure, Financial Report, and MIS Report
    7. Other crucial matters relating to the Bank’s business, such as new business, interest rate policy, credit policy, accounting policy, branch opening, organization structure, etc.

  3. To screen issues prior to their submission to the Board of Directors for consideration, except where the issues are under the responsibility and/or authority of other Board Committees, they will be screened by such related Committees prior to being directly submitted to the Board.

  4. To take note of issues both related to and not related to the management of the Bank, such as legal proceedings against the Bank as a defendant, which the Executive Committee members deem necessary or appropriate.

  5. To take note of internal audit reports concerning preventive and audit measures. Damage or possible loss which could severely affect the Bank must be immediately reported by the Audit and Compliance Group to the Executive Committee.

  6. To consider or approve issues which are assigned by the Board of Directors.

     

    In the case that the Executive Committee resolves or directs that a person or a group of persons be authorized to perform a task on its behalf, such authorization may not be sub-delegated to a third person unless it is allowed in the Committee's initial authorization.
Audit Committee

Audit Committee

1. Mr.Prasan Chuaphanich Chairman
2. Mr.Ekamol Kiriwat Member
3. Dr. Pasu Decharin Member
   Mr. Krieng Wongnongtaey Secretary

 

Functions and Responsibilities

 

It is the responsibility of the audit committee to provide the board with independent, objec-tive advice on the adequacy of management's arrangements with respect to the following as-pects of the management of the SCB Group:

 

1. Values and ethics

       To obtain reasonable assurance with respect to the SCB Group's values and ethics prac-tices, the audit committee will:

  • Review and assess the policies, procedures, and practices established by the governing body to monitor conformance with its code of conduct and ethical policies by all managers and staff of the SCB Group.
  • Provide oversight of the mechanisms established by management to establish and maintain high ethical standards for all of the managers and staff of the SCB Group.
  • Review and provide advice on the systems and practices established by management to monitor compliance with laws, regulations, policies, and standards of ethical conduct and identify and deal with any legal or ethical violations.

 

2. Organizational governance

To obtain reasonable assurance with respect to the SCB Group's governance process, the audit committee will review and provide advice on the governance process estab-lished and maintained within the SCB Group and the procedures in place to ensure that they are operating as intended.

 

3. Risk management

To obtain reasonable assurance with respect to the SCB Group's risk management prac-tices, the audit committee will:

  • Annually review the SCB Group 's risk profile.
  • Obtain report on management's implementation and maintenance of an appropriate enterprise wide risk management process.
  • Provide oversight on significant risk exposures and control issues, including fraud risks, governance issues, and other matters needed or requested by senior management and the board.
  • Provide oversight of the adequacy of the combined assurance being provided.
  • Review and provide advice on the risk management process established and maintained by management and the procedures in place to ensure that they are operating as intended.

4. Fraud

To obtain reasonable assurance with respect to the SCB Group's procedures for the pre-vention and detection of fraud, the audit committee will:

  • Oversee management's arrangements for the prevention and deterrence of fraud.
  • Ensure that appropriate action is taken against known perpetrators of fraud.
  • Challenge management and internal and external auditors to ensure that the entity has appropriate anti-fraud program and controls in place to identify potential fraud and ensure that investigations are undertaken if fraud is detected.

5. Control

To obtain reasonable assurance with respect to the adequacy and effectiveness of the SCB Group's controls in responding to risks within the SCB Group's governance, opera-tions and information systems, the audit committee will:

  • Review and evaluate whether the SCB Group has set an appropriate and effective internal control system, including control over the information technology system, internal audits, and guidelines for communicating the importance of internal control and risk management throughout the SCB Group.
  • Consider the effectiveness of the SCB Group's control framework, including information technology security and control.
  • Review and provide advice on the control of the SCB Group as a whole and its individual units.
  • Receive reports on all matters of significance arising from work performed by other providers of financial and internal control assurance to senior management and the board.

6. Compliance
The audit committee will:

  • Review the SCB Group's compliance with the Securities and Exchange regulations and the law relating to the SCB Group’s businesses.
  • Review the effectiveness of the system for monitoring compliance with laws and regulations and the results of management's investigation and follow-up (including disciplinary action) of any instances of noncompliance.
  • Review the observations and conclusions of internal and external auditors and the findings of any regulatory agencies.
  • Review the process for communicating the code of conduct to the SCB Group's personnel and for monitoring compliance.
  • Obtain regular updates from management of the SCB Group.

 

Oversight of the internal audit activity and other assurance providers

1. Internal audit activity
To obtain reasonable assurance with respect to work of the internal audit activity, the audit committee will provide oversight related to:

1.1 Internal audit charter and resources

  • Review and approve the internal audit charter at least annually. The charter should be reviewed to ensure that it accurately reflects the internal audit activity's purpose, authority, and responsibility, consistent with the mandatory guidance of the IIA's International Professional Practices Framework and the scope and nature of assurance and consulting services, as well as changes in the financial, risk management, and governance processes of the SCB Group and reflects developments in the professional practice of internal auditing.
  • Advise the board about increases and decreases to the requested resources to achieve the internal audit plan. Evaluate whether any additional resources are needed permanently or should