Assigning the Board of Directors comes from the shareholder’s vote and the following way: 1. One shareholder has the vote equal to how many shares they have in hand. 2. One shareholder can split their votes for selection of many candidates. 3. The one who got the highest vote will be the Board of Director respectively. If there is an equal vote, the President will be the one who assign.
Selection of Independent / Audit Committee In part of Audit Committee selection, the company’s shareholders are the one who assign which will consists of 3 persons in the 3 year period. One of them must have an adequate experience in accounting and financial for ensuring all financial matters. As consider at the part of “Resume of Directors and Management” at the end of this report, Mr. Janram Atthakrisna is a person who has adequate knowledge and experience in accounting and financial, so his inspection of the company’s operations and performance is accurate and reliable. Including, Mr. Charus Khanchanakhajit who has a good reputation in knowledge of Thai law and regulations is enabling to scrutinize, criticize and recommend the company in points of relating to government or laws and regulations.
The Meeting of the Board of Directors The Board of Directors and the Audit Committee convened the meeting regularly at least every 3 months and they will be informed with all necessary documents at least 7 days in advance before the meeting day for allowing them to consider all information thoroughly. Moreover, the company assigns a corporate secretary to cooperate and take responsibility of Board’s activities, record all Board’s meeting minutes, including filing all information in a proper way. According to meeting record of the company in 2011, there are 5 Board’s meetings which can show the numbers of attending the meeting as follows:
Annual Report Year 2011
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