Page 128 - Thailand Post Annual Report 2024

Part 1
Overview of the Organization
Part 2
Business Trends
Part 3
Business Model
Part 4
Strategies and Resource Allocation
Part 5
Risk
Part 6
Corporate Governance
Part 7
Operating Results
Part 8
Other Information
Appointment of Committees/ Subcommittees
THP Board of Directors appoints Committees/ Subcommittees to assign to help study and scrutinize work as necessary, as follows :
• THP Audit Committee
THP Audit Committee is responsible for reviewing the effectiveness and efficiency of risk management, internal
control, and corporate governance processes; auditing the accuracy and reliability of quarterly and annual financial reports of THP and its subsidiaries; reviewing THP’s operation to ensure compliance with relevant laws, regulations, corporate rules, cabinet resolutions, announcements, and orders; and examining related-party transactions or transactions that may lead to conflicts of interest.
In 2024, THP Audit Committee performed important activities, such as review of THP organizational risk management results; review of THP internal control assessment report at the government agency level in 2023; review of THP’s financial statements for the year ending on 31 December 2023; review of operating results and financial positions on a quarterly basis and review of THP’s compliance with the relevant laws, rules, and regulations on a quarterly basis; monitoring adherence to THP’s conflict-of-interest regulations to prevent conflicts between personal and corporate interests. In addition, THP Audit Committee participate in joint meetings with the Corporate Governance, Risk Management, and Sustainability Development Subcommittee to discuss business, risks, and internal controls as well as supervise on-site audit with THP Law Subcommittee to exchange insights on significant audit findings and provide recommendations to executives and operators for corrective measures.
List of THP Audit Committee Members (THP Directors Only)
1 2 3
• THP Executive Committee (ExComm)
THP Executive Committee (ExComm) is responsible for supervising the performance of THP urgent work plans/
projects in terms of new S-curve, digital transformation and change management; approving the preparation and implementation or adjustment of THP's main plans/ projects; and proposing new business opportunities to enhance business growth.
In 2024, THP Executive Committee (ExComm) worked on various matters, by supervising and monitoring the following plans/ projects : 1. Fix the Core plans/ projects include Prompt Post Project, Digital Post ID Project, and Report on international service revenue generation approach, 2. Explore the New Ocean plans/ projects include Postman Cloud Project, 3. Exploit the Existing Business Project include “Leave Your Bags with Post” project, Retail & Solutions Project and Virtual Banking Project. The corporate governance structure of the Executive Committee (ExComm) was also approved.
For 2025, plans/ projects are divided into groups as follows : 1. Enhance the Core plans/ projects include Prompt Post Project and Digital Post ID Project, 2. Explore the New Ocean plans/ projects include Postman Cloud Project and Virtual Banking Project, 3. Exploit the Existing Business plans/ projects include Retail & Solutions Project guideline for expanding business to ASEAN (ASEAN Connectivity) and Fulfillment by Amazon Project.
No.
Directors
Period of office in 2024
Seree
Nonthasoot, Ph.D.
Prof. Parichart
Sthapitanonda, Ph.D.
1 January - 31 December
1 January - 31 December
Asst. Prof. Somchai
Supphatada
1 January - 31 October
126 Thailand Post Company Limited