Annual Report 2015
CONNECTED TRANSACTIONS The Board of Directors places great importance on the inquiry for fair and just interactive business programs, related programs or programs which may have conflicting benefits. For these reasons Univentures Public Company Limited has decided on a policy of open business transactions 1. The interactions and business transactions of the company and its subsidiaries Univentures Public Company Limited Is comprised of a number of different companies and because there is a need for fair and just interactive business transactions between these various companies according to market prices and normal business ethics. This includes the areas of sales and services, raw materials trade, product trade, financial or technical aid and outsourcing. It is vital that staff members and other personnel involved in these interactions to consider the legal system, government regulations and company regulations and restrictions in all areas and at all times. 2. Business transactions with third parties or parties outside of the company Entering into business transactions with third parties of other companies it is important to act within moral borders and according to the agreed restrictions in a direct and honest manner and to avoid taking part in any business transactions which could cause inconvenience to third parties or other companies involved in the transaction. The company has specified the procedure for the application for interactive business transactions, connected programs or programs which
may have conflicting benefits in order to produce the greatest benefit for all parties involved according to legal restrictions. It is the responsibility of the Board of Directors and Management to inform the company of any losses and discuss any related issues. If it is an issue which requires permission according to regulations the management will first introduce the issue in question to the Board of Directors for perusal or alternatively in the shareholders meeting. All details are to be clearly shown prospective investors and all director or administrators who have potential loss or gain from the issue will not be permitted to take part in discussions. 3. Connected Transactions The company implements a policy which requires adhesion to the stockmarket regulations set by both the Capital Market Supervisory and those set by the Stock Exchange of Thailand when dealing with the disclosure of information and other operations in accordance with the law, instructions and orders by registered companies contained in related programs. The strict adherence to these requirements in all related programs is monitored by the Audit committee.
149