GOVERNANCE OF THE USAGE OF INSIDE INFORMATION The Company sets up the following policies to protect directors and executive officers to exploit the Company’s inside information for their own benefit. 1. The directors of executive officers, including his/her spouse and minor child, shall not use any inside information for the buying, selling, transferring or acceptance of transfer of the Company’s securities before the disclosure of such information to the public, especially one month before the disclosure of the financial statement to the public. In addition, after the disclosure of the information, the above-mentioned person should not buy or sell securities until the public who receive such information has had an opportunity to evaluate it thoroughly. 2. The Company shall educate the directors and executive officers who have responsibilities to report the possession of securities by himself/herself, his/her spouse and his/her minor child that when the directors or executive officers including their spouse of their minor child buy, sell, transfer of accept transfer of the securities of the Company, they have duties to submit the reports of securities holding in accordance with the Notification of the Securities and Exchange Commission and the Stock Exchange of Thailand.
INTERNAL CONTROL At the meeting of the Audit Committee meeting, No. 1/2005, dated April 20, 2005, with all audit committee members in attendance the Audit Committee Meeting evaluated the internal control systems covering 5 parts: organization and environment, risk management, supervision of the management, information technology and data communication, and monitoring system, by asking for information from the Company’s management. The Audit Committee Meeting considered that the Company has sufficient internal controls systems regarding the making of transactions with major shareholders, directors, management or any persons related to all such persons. In respect of internal control of other issues, the Audit Committee Meeting considered that the internal controls also are sufficient.
1. Audit fee The Company auditor fee for the fiscal year 2004 as at February 20, 2005 was 3.5 million baht.
2. Non Audit fee -
Accounting Advisory - Treatment of Financial Assets 1.8 million baht
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Agreed - upon Procedure for Securitization 0.7 million baht
Annual Report 2004 AEON Thana Sinsap (Thailand) Public Company Limited
AUDIT FEE AND OTHER EXPENSES
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