Page 12 - Anual report STi 2022_eng

Dharmniti Internal Audit Co., Ltd. as the internal audit team for demonstrated that the risk management has been implemented

the Company, and considers approval of the internal audit plan effectively, and is capable of both strategic risk management,
for the year 2022 to determine the importance of each work operation, financial management, business, and compliance

system in line with the organization's goals, including giving with the laws to an acceptable level adequately according to
recommendations on the audit operations of the internal audit the Company's policies and strategic plans.
agency to ensure that the Company has an appropriate 4. Review the compliance with relevant laws, regulations,

internal control system, follow-up and evaluation which is part and policies - the Audit Committee has given importance and
of the good corporate governance process and to achieve the supervised the Company and its subsidiaries, compliance with
internal audit plan in conformity with the generally accepted regulations, policies, and operations legally under the Securities

standards. In addition, it gives an opinion on the approval of and Exchange Act, including monitoring the progress in such
appointment/withdrawal of the internal audit agency, including matters regularly, follow up on the progress of readiness
evaluating the performance of the internal audit agency to be preparation to support the enforcement of the Personal Data

used as a guideline for improving and developing internal Protection Act (PDPA) that came into force in June 2022. The
audit, including considering the results assessment of the Company has provided a policy and guidelines for the personal

internal control system of the Management according to the data protection of employees and related third parties as well
framework of internal control practices through the Adequacy as the complete appointment of a data protection officer.
Assessment Form for Internal Control System provided by the In addition, there was no ground to believe that the Company

Office of the SEC before presenting to the Board of Directors or its subsidiaries did not comply and/or act contrary to or in
to assess the adequacy of the internal control system of the conflict with relevant requirements, regulations, and laws,

Company for the year 2022 and published in the 56-1 One including the Good Corporate Governance Policy and Code
Report. The Audit Committee opinioned that the Company's of Conduct of the Group as well as anti-corruption policy.
internal control system is appropriate and efficient enough for

business operations within the current environment of the 5. Consider selection, appointment proposal, employment
Group, and there were no material issues that may affect the termination proposal, and auditor remuneration proposal for
achievement of the Company's objectives or goals. the year 2022. The Audit Committee has selected the auditor
based on independence, knowledge, competence, experience,
3. Review of risk management - the Audit Committee and performance, including the auditor remuneration for the

has reviewed the risk management of the Company and its auditing of the Company, and presented to the Board of
subsidiaries to ensure that the Company has appropriate and Directors for consideration and approval to the Annual General

effective risk assessment and management processes. The Meeting of Shareholders for the year 2022, whereby the
Risk Management Committee is responsible for setting duties Shareholders' Meeting has resolved to approve as follows:
and targets for risk management organization-wide, providing 1) Mr. Chatchai Kasemsrithanawat, Auditor Registration

an efficient risk management system, measures, and guidelines No. 5813, or 2) Mr. Supachai Phanyawattano, Auditor
for risk management to reduce the potential risks that may Registration No. 3930, or 3) Mr. Nuttawut Santipetch, Auditor

occur, and following up quarterly. The Chairman of the Risk Registration No. 5730, or 4) Ms. Krongkaew Limpkittikul,
Management Committee reports the risk management Auditor Registration No. 5874 from EY Office Co., Ltd. to
progress to the Audit Committee quarterly to present to the audit and certify the Company's financial reports for the year

Board of Directors. The result of the risk management review 2022, audit fee of 2,450,000 baht, equivalent to the previous

10 Annual Report 2022 (56-1 One Report)