Page 236 - THAILAND PRIVILEGE ANNUAL REPORT 2025

3. Structure, Authority, and Responsibilities of the Board

Committees and Subcommittees

The Board of Directors has established Board Committees, subcommittees, and working groups, including
committees in which representatives of the Tourism Authority of Thailand (TAT) participate, for the fiscal year 2025
(B.E. 2568), as follows:

3.1. Audit Committee
1. Mr. Kulasake Limpiyakorn Chairperson of the Audit Committee
2. Ms. Nuchanard Kasempiboonchai Audit Committee Member
3. Asst. Prof. Dr. Ake Pattaratanakun Audit Committee Member
4. Mrs. Juraiwun Yuen Audit Committee Member
(Resigned from the position on 20 January 2025)
5. Director of Internal Audit Department Secretary to the Audit Committee

Authority and Responsibilities
1. To perform duties and exercise authority as prescribed in the Audit Committee Charter of Thailand
Privilege Card Co., Ltd.
2. To perform duties in accordance with the Ministry of Finance Regulation on Audit Committees and
Internal Audit Units of State Enterprises B.E. 2555 (2012), and the Audit Committee Handbook for State
Enterprises (2023), issued by the State Enterprise Policy Office (SEPO), Ministry of Finance.

3.2. Risk Management and Internal Control Subcommittee
1. Mr. Nattakarn Boonsri Chairperson of the Subcommittee
2. Mr. Thitipong Suwankhamsiri Subcommittee Member
3. Ms. Somradee Chitchong Subcommittee Member
4. President Subcommittee Member
5. Deputy President, Subcommittee Member
Corporate Administration and Affairs
6. Director, Office of the President Secretary to the Subcommittee
7. Manager, Risk Management Department Assistant Secretary to the Subcommittee

Authority and Responsibilities
1. To consider and endorse the draft risk management and internal control policy and framework prior
to submission to the Board of Directors for approval.
2. To establish guidelines for the Company’s risk management and internal control systems in accordance
with standards and criteria prescribed by the Ministry of Finance.
3. To supervise and monitor the preparation of manuals and plans relating to risk management and internal
control, and to provide recommendations for improvement to ensure alignment with the Company’s
policies, strategies, and relevant practices.
4. To consider and provide opinions on the determination of acceptable risk levels prior to submission
to the Board of Directors for approval.
5. To review and provide opinions on risk assessment results, internal control assessments, and risk
mitigation measures for managing residual risks.
6. To oversee and review the risk management and internal control manuals and plans at least once
annually to ensure consistency with relevant policies, strategies, and operational guidelines.
7. To report risk management and internal control performance to the Board of Directors at least on a
quarterly basis.
8. To oversee the adequacy and effectiveness of the Company’s risk management and internal control
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