Page 157 - Tata Steel One Report 2024-Eng-Ebook HY

Business Operation and Performance Driving Business Towards Sustainability Corporate Governance Policy Financial Statements Attachments
Report of the Audit & Risk Review Committee
Dear Shareholders,
Your company’s Audit & Risk Review Committee of Tata Steel (Thailand) Public Company Limited consists of three Independent Directors, who possess appropriate qualifications to serve on the Committee.
During the financial year 2024-25, the Committee held four meetings, with the attendance of the Audit & Risk Review Committee members as under:
Name
Position
Number of Meetings
Attendance
1. Mr. Alan Kam
Chairman (stepped down on 3rd June 2024)
4
(There was 4 meeting during his tenure as Chairman of the Committee)
1
2. Ms. Anuttara Panpothong
Chairperson (appointed as Chairperson on 19th June 2024)
4
4
3. Mr. Thaevan Uthaivath
Member
4
4
4. Mr. Taratorn Premsoontorn
Member
4
(There were 3 meetings during his tenure as member of the Committee)
3(a)
Remark : (a) Attended one meeting through electronics media
The Audit & Risk Review Committee has performed the tasks in accordance with the scope of its responsibilities as assigned by the Board of Directors, as per the Audit & Risk Review Committee Charter and in alignment with the regulations of the Stock Exchange of Thailand (SET).
Significant activities of the Committee during the year are summarised hereunder:
1) The Committee reviewed the quarterly financial statements and the annual financial statements of the Company, discussed the significant accounting policies, internal controls, etc., with the management, internal auditor and external auditors of the Company before recommending the financial statements to the Board of Directors for approval.
Based on the review and discussions with the external auditors of the Company, the Committee believes that the company’s financial statements are correct, complete, presented fairly with adequate information in compliance with Financial Reporting Standards and relevant regulations.
2) The Committee supervised and reviewed related transactions or transactions that may involve conflict of interest including connected transactions to ensure that the Company has operated in accordance with normal business conditions reasonably and complied with the measures and procedures in accordance with the announcements and regulations of the Securities and Exchange Commission, The Stock Exchange of Thailand and the Revenue Department.
3) The Committee supervised and reviewed the process of whistleblower including raising concerns about violations of the code of conduct (“Whistleblower Policy and Practices”) and provided suggestions for improving the process in order to increase efficiency and effectiveness in accordance with the Company’s code of conduct as well as scrutinize the complaints for fairness to all parties with appropriate protection measures for complainants.
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