Boards & Committees

2020-2021 Board Meeting Schedule

No. BOD & Members of Board Committees Type No. of Board Meetings % of Attendance Covid-19 & Ongoing Crisis Board Meetings Remark
1. Dr. Tun Than Tun Independent Chairman 6 100%  3 of 3  
2. U Aung Myo Hein Managing Director 6 100%  3 of 3  
3. Daw Ni Ni Tin Tun Director 6 100%  3 of 3  
4. U Aung Kyaw Swar Zan Project Director 6 100%  3 of 3  
5. Daw Yin Yin Khaing Chief Engineer (Construction) 6 100%  3 of 3  
6. Dr. Myo Aung Chief Engineer (Design) 6 100%  3 of 3  

Investment & Risk Management Committee

The Investment & Risk Management committee is formed with BOD members and other management level employees who has strong experiences risk management and project management.

No. Name Role Attendance No. of Meetings Remark
1. Dr. Tun Than Tun Chairman 100% 4  
2. U Aung Myo Hein Member 100% 4  
3. U Aung Kyaw Swar Zan Member 100% 4  
4. Daw Yin Yin Khaing Member 100% 4  
5. Dr. Myo Aung Member 100% 4  

The committee is responsible for

  • Ensuring the company’s risk management system is properly formulated,
  • Following the international and local standards,
  • Protecting the company assets and projects

The number of committee members can be increased based on the important requirements. The committee met at least once every year.

The following major risk categories are mainly discussed during the meetings.

No. Category Risk Risk Management
1. Human Resources Not able to hire right person, develop and retain the reliable talents at the relevant job functions Enhance HR Management. Develop a recruitment and hiring plan. Provide proper onboarding and training. Create a welcoming culture for everyone in the Group.
2. Governance Failure of financial controls (including through employee dishonesty) Implementing advanced and reliable IT systems, internal audit procedures and work flows such as how cash payments are received and banked.
3. Society Losing trust from regulators, partners, customers and employees. Assessing all potential risks for every projects to cover environmental, social and governance related risks. Make sure to discuss and obtain the agreements with all the stakeholders in each projects as early as possible.
4. Environment Natural disasters such as fire, earthquake etc. Emergency response procedures, action plans, trainings and drills.
5. Finance Currency depreciation Supporting local suppliers and local products and contracting with MMK as much as possible to make the cash flow with local currency.

Audit Committee

The audit committee is formed with BOD members and other management level employees who has financial responsibility and accounting experiences.

No. Name Role Attendance No. of Meetings
1. Daw Ni Ni Tin Tun Chairman 100% 2
2. Daw Thin Thin Thwe Member 100% 2
3. Daw Swe Swe Khine Member 100% 2
4. Daw Tue Tue Mar Member 100% 2
5. Daw Tin Nandar Swe Member 100% 2

The audit committee is responsible for

  • Ensuring the compliance with Government Laws & Regulations, Myanmar Companies Act and other relevant regulations.
  • Reviewing the financial statements and reports of the company
  • Selection and Recommending external auditors

The number of committee members can be increased based on the important requirements.

The committee met at least once every year.

Remuneration Committee

The Remuneration Committee is formed with BOD members and other management level employees to make sure the salary, bonuses and remuneration schemes are fair and consistent for the people in the Authentic Group of Companies.

No. Name Role Attendance No. of Meetings
1. Daw Ni Ni Tin Tun Chairman 100% 1
2. HR Manager Member 100% 1
3. Chief Accountant (Trading) Member 100% 1
4. Chief Accountant (Production) Member 100% 1
5. Chief Accountant (Construction) Member 100% 1

The number of committee members can be increased based on the important requirements. The committee met at least once every year.