Page 190 - BTSGroup ONE REPORT 2021/22_EN

188 l Introduction l Nature of Business l Organisation and Shareholding Structure l Business Review l Corporate Governance l Financial Statements l Other Information l

The Company has appointed Mr. Pipop Intaratut as the Head of Internal Audit Profile of the Head of Internal Audit are in Section 7.4 Profile of Directors and
of the Company since 1 January 2011. Mr. Pipop Intaratut has experience on Executives of this report.
internal auditing in the business of the same nature as the Company and has
enrolled in various internal audit training programmes. Furthermore, he has The appointment, transfer, or dismissal of the Company’s head of internal
knowledge and good understanding in the Company’s activities and operations. audit shall be jointly considered and approved by the Audit Committee and
Therefore, the Audit Committee is of the opinion that Mr. Pipop Intaratut is the Chief Executive Officer.
qualified to perform his duties appropriately and sufficiently. Information and

Related Party Transactions

The related party transactions between the Company or its subsidiaries and related parties for the fiscal year ended 31 March 2022, 2021 and 2020 were as follows:

Transaction Value (THB million)
Related Party and
Description Rationale and Necessity
Nature of Relationship 2021/22 2020/21 2019/20
Turtle 23 Co., Ltd. and • Turtle 23 Co., Ltd. has entered into a lease • The rationale and necessity for
Mr. Kavin Kanjanapas agreement for the land and constructions located the entry into the transaction
• Turtle 23 Co., Ltd., is a subsidiary on Soi Suanplu, South Sathorn Road, Bangkok were that the leased area
of the Company. with Mr. Kavin Kanjanapas on 1 November 2019 is located in the business
for the purpose of engaging in restaurant business. area which is accessible and
• Mr. Kavin Kanjanapas, the The lease agreement has a term of 3 years, starting convenient for customers, with
Executive Director, Chief from 1 November 2019 to 31 October 2022. parking space available. In
Executive Officer, and Chief addition, the leased area has
Officer of MATCH Business, • Transactions for the year consisting of: size, environment and landscape
has held 4.59% of the total Rental expenses 2.4 2.4 1.0 suitable for restaurant business.
numbers of shares having voting Public utility expenses - - 0.2
rights of the Company as of the • Outstanding balances consisting of: • The Audit Committee Meeting
book closure date of 31 March Security deposit 0.6 0.6 0.6 No. 5/2018 held on 22 June
2022. In addition, he is the son 2018 was of the opinion that the
of Mr. Keeree Kanjanapas who lease transaction is reasonable
is the Chairman, Chairman of since the rental rate is a fair rate
the Executive Committee, and in comparison with other space
a major shareholder of the rental within the same area
Company. and is highly beneficial to the
Company and the shareholders.