Structure of Management
Union Pioneer Public Company Limited has three committees:
1. The Board of Directors
2. Audit Committee
3. Nomination and Remuneration Committee
1.The Board of Directors
Miss Dalad Sapthavichaikul
Mrs. Rapeephan Sanguansis
Mrs. Yupha Boonchuaydee
Mr. Kollatat Tangchikul
Mr. Pongsak Thiengviboonvong
Mrs. Chantorntree Darakananda
Mr. Vacharaphong Darakananda
Mr. Nanthiya Darakananda
Board of Directors consists of nine directors which is appropriate for the business size and type. It can be categorized as follows:
Eight non-exeecutives Directors, representing 88.89% of entire board.
One executive director which is managing director.
Qualified directors are three independent directors which are 2 females and 1 male or equal to 1 in 3, representing 33.33% of entire board.
Duties and responsibilities of the Board
Perform duties with responsibility, caution and honesty including having to comply with laws, objectives, company regulations as well as the resolution of the shareholders' meeting except in matters that need to be approved by the shareholders 'meeting before proceeding, such as matters that the law requires the resolution of the shareholders' meeting, related transactions and significant asset trading according to the rules of the Stock Exchange of Thailand or as specified by other government agencies.
Determine policies, plans and strategies of the company, consider and approve important matters relating to the operations of the company, such as financial goals, budgets, and supervise the management to operate in accordance with the policies, plans and strategies that are effectively and efficiently defined
Consider and approve the assessment of the adequacy of the Company's internal control system on an annual basis and prepare a report on the responsibility of the Board of Directors towards financial reports, as disclosed in the annual report and Form 56-1.
Provide clear channels for reporting clues, complaints and guidelines (Details are in topic “Anti-Corruption Policy”)
2. Audit Committee
1. Mrs. Rapeephan Sanguansis Chairman of the Audit Committee / Independent Director
2. Mrs. Yupha Boonchuaydee Audit Committee / Independent Director
3. Mr. Kollatat Tangchikul Audit Committee / Independent Director
Audit Committee There are 3 independent directors whom had been appointed by the board of directors in order to assist the board in monitoring the quality and reliability of accounting, audit, internal control systems as well as the financial statements of the company. They have the qualifications which matched with the notification by the Securities and Exchange Commissions and the Stock Exchange of Thailand; and were responsible in acting according to SET and were chartered clearly.
Charter of the Audit Commitees with Duties and Responsibilities as following
Review the company’s financial statement to ensure its’ accuracy and adequacy to be in accordance with accounting standard.
Review that the Company has an appropriate and effective internal control system and internal audit system and consider the independence of the internal audit unit, as well as approve the appointment, rotate or dismiss an internal audit manager.
Ensure that the company complied with the Securities and Exchange Act, regulations of SET and other related regulations concerning with the business operation of the company.
Nominate and select appropriate independent authorized auditor whom is certified by Securities and Exchange Commission to be the company’s auditor and propose remuneration for that individuals. In addition, attending the meeting with the auditor without management party of the company at least once a year.
1. Mrs. Rapeephan Sanguansis Chairman of the Nomination and Remuneration Committee / Independent Director
2. Mrs. Yupha Boonchuaydee Nomination and Remuneration Committee / Independent Director
3. Mr. Vacharaphong Darakananda Nomination and Remuneration Committee / Director
Nomination and Remuneration Committee have been appointed by the Board of Directors consisting of two-third of independent directors, representing 66.67 percent, for the transparency and independence in operating their duties. Chairman of the Nomination and Remuneration Committee is an Independent Director and is not the Chairman of the Board of Directors.
Duties and Responsibilites of the Nomination and Remuneration Committee:
Determination on criteria and methods for nominating the board of directors.
Duties in recruiting and select the qualify individuals and does not have incompatibilities according to the laws and were appropriate for the name to be nominate as new director with qualifications according to the rules related to good corporate governance under director structures for director nomination.
Consideration remuneration for directors which have principle in considering by factors as duties, scope of works and results of performance of directors, operation results and financial status of the company, overall economic situation by considering comparing to listed companies with similar business size and/or operate in the same industrial field,
Determine the remuneration and form of remuneration for the director and propose to the board meeting for consideration.
Executives Chief executives in the company have authority as assigned to operate under policy, strategy and objective that the board of directors determined for transparency and flexibility in operation. Moreover, the chief executives have responsibility in controlling expenditures and investments to the limit which the board of directors had authorized in the annual plans accordance to the human resources policy, resolving problems or conflicts which will affect the organization and maintained efficient communication to related persons.
Name Lists and Position of Executives Committee are listed below:
1. Mr. Pongsak Thiengviboonvong
2. Mr. Komon Iamwatcharin
Deputy Managing Director and
3. Mr. Wiwat Jongkonrat
Accounting and Financial Manager
4. Mr. Sikavej Sopaphan
|Human Resources Manager|
The company’s secretary
On November 18th, 2015 at the board meeting had a resolution in appointing
Mrs. Chadapron Jiemsakultip as Secretary of the Company from January 1st, 2016
onward.To take care of various activities of the board, including coordinating
for complying with the Board's resolution, with roles, duties and responsibilities as
specified in the Securities and Exchange Act BE 2535, Section 89/15, Section 89/16,
Section 89/17 and Section 89/23, amended by the Securities and Exchange Act (No. 4)
2008 Section 21.The company has shown information about educational background,
experience as well as duties and responsibilities.