The Board of Directors (BOD) is the governing body of the company and elected by the Annual General Meeting of the shareholders. The BOD assesses overall business direction, sets policies and oversees the operational management of the Executive Committee (EC). The BOD also serves as a source of advice and counsel for the EC. The Board of Directors of UPG Paint & Coating Co., Ltd. includes the following positions.
The Chairman takes the role of mentoring and is responsible for monitoring the effective implementation of the company’s policies and long-term strategies. Chairman is annually elected by the Board of Directors.
The Vice-Chairman acts as a deputy to the Chairman. The Vice-Chairman also performs the duties of the Chairman in the absence of the Chairman. Vice-Chairman is annually elected by the Board of Directors.
The Secretary of the Board of Directors is responsible for scheduling and documenting Board meetings. Secretary also acts as a reference point for the Chairman and other Board members. Secretary is annually elected by the Board of Directors.
The Managing Director is primarily responsible for managing overall operations of the company. The MD also takes the leading role in setting and executing all company’s policies and business strategies. The MD directly reports to the Board of Directors (BOD). Managing Director is annually elected by the Board of Directors.
An Executive Director is a member of the Executive Committee (EC) as well as a member of the Board of Directors (BOD), since the EC is annually elected out of the BOD. The EC manages the day-to-day operations of all departments and committees. As a member of the EC, an Executive Director is fully responsible for the operational management of his or her designated functional department.
A Non-Executive Director is a member the Board of Directors (BOD) but not a member of the Executive Committee (EC). Accordingly, a Non-Executive Directors is responsible as a BOD Director and is annually elected by the Annual General Meeting of the shareholders.
The Independent Director does not hold any share in the company. An Independent Director is appointed by the Board of Directors to take part in the Company Audit Team.
In order to cover necessary skills, expertise and independent judgement, the Company Audit Team is set up and operated by 1 Non-Executive Director, 1 Independent Director, 2 shareholders, and 1 external auditor.
Both internal and external audits are conducted annually in accordance with their audit schedules. The findings are examined in review meetings and reported to the BOD.
UPG P&C joined a number of local trade associations and international initiatives for the below purposes.
UPG P&C is a member of the following associations and the initiatives.
No. 237, Pyay Road, Shin Saw Pu Ward, Sanchaung Township, Yangon, Myanmar.
