1. Management Committee shall consist of:
1.1 President and CEO Chairperson
1.2 Head, Finance Vice Chairperson
1.3 Head, Wholesale Banking Member
1.4 Head, Risk Management Member
1.5 Head, Treasury & Markets Member
1.6 Head, Transaction Banking Member
1.7 Head, Technology and Operations Member
1.8 Head, Corporate Banking and Investment Banking Member
1.9 Head, Commercial Banking Member
1.10 Head, Consumer Banking Member
1.11 Head, Human Resources Member
1.12 Head, Corporate Communications Member
1.13 Head, Strategy Member
1.14 Head, Compliance Member
1.15 Head, Legal Member
1.16 Head, Customer Experience Management Member
Company Secretary Secretary
Remark: Position of each member of the Management Committee stated above shall include Acting or Co-Head position (as the case may be).
2. Powers, Duties and Responsibilities
2.1 Advise the President and CEO;
2.2 Monitor and evaluate performance of each business division;
2.3 Review financial and other management reports of the Bank;
2.4 Devise strategy, business and capital management plans and budgets for the Bank;
2.5 Identify cross-divisional and cross-border synergies;
2.6 Deliberate key regulatory issues;
2.7 Approve delegated authorities on internal operations of non-risk related business unit;
2.8 Approve, revise and conduct annual reviews of the Bank’s internal policies related to administration/operation/others, which are not required by regulatory bodies to obtain the Board of Directors’ approval;
2.9 Approve the revision of Delegation of Authority and Policies which will be related to the Bank’s reorganization;
2.10 Approve the appointment and revision of members, duties and responsibilities of Marketing and Communications Committee;
2.11 Consider and decide on non-financial issues under 1 Platform Project;
2.12 Review, give opinions, consider and approve the proposed legal provision in case the Bank and executives are sued for damages as recommended by Corporate Legal Division;
2.13 Approve fee sharing scheme for investment product selling and/or referring customers through RBG only in case of 3rd Party Products which are not related parties transaction or do not have material change from the existing ones already approved by Risk Management Committee;
2.14 Approve 3rd Party Products with non-material change to the existing 3rd Party Products which have already been approved by Risk Management Committee;
2.15 Appoint insurance broker for the Bank;
2.16 To formulate and drive CIMB Thai Sustainability vision and strategies bankwide, in alignment with the overall CIMB Group Sustainability strategy;
2.17 Other matters as directed by the Board/President & CEO.
Scope : CIMB THAI Bank Group-wide
3. By invitation
3.1 Ms. Siriporn Sanunpairaue, Head, Corporate Assurance
4. Quorum
4.1 The Management Committee shall hold a meeting at least once a month as deemed appropriate or when necessary
4.2 In the case where any person holds more than one positions (being Head of more than one function), all positions will be applied as a base number of votes. However, for number of voting members (quorum) and number of votes cast, only one position will be counted.
4.3 Each meeting shall consist of at least one-half of total members present at the meeting to constitute a quorum, provided that Chairperson or Vice Chairperson or any member designated by Chairperson or Vice Chairperson participate the meeting.
4.4 Chairperson or Vice Chairperson shall act as chairman of the meeting. If at any time Chairperson or Vice Chairperson is absent or is unable to perform the duty, Chairperson or Vice Chairperson shall delegate one of the members of the Management Committee to act as chairman of the meeting. In case no person is delegated by Chairperson or Vice Chairperson, the members presenting at the meeting shall elect one of them to perform as chairman of the meeting.
4.5 The meeting can be held through electronic media in accordance with the criteria set forth above.The resolution can be made in the form of circulation. The circulation resolution shall be passed by the affirmative vote of majority of the members and the Chairperson or Vice Chairperson shall vote in favor of such resolution. Any agenda which has been passed by circulation resolution shall be tabled for certifying at the next meeting.
