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15. Corporate Governance Report

The Company’s Board of Directors trusts that good corporate governance is a crucial factor that represents efficient, transparent and accountable management system of the organization, thus securing confidence and trust of shareholders, investors, stakeholders and all related parties. For this reason, the Board is resolute in doing business with business code of conduct, good corporate governance principle and corporate social responsibility (CSR), and also in compliance with code of best practice of the Stock Exchange of Thailand as well as governing regulations of the Securities and Exchange Commission and the Capital Market Supervisory Board, in effort to achieve performance that always meets international standards, efficient management system and sustainable growth of the business. The Company’s corporate governance policy is set by four sub-committee including audit committee, executive committee, compensation committee and risk management committee. Such policy involves role and responsibility of the Company’s committee and sub-committee, right of shareholders, equal treatment among shareholders, benefit of all stakeholders, information disclosure and transparency, related transaction policy, inside information control, internal control and risk management, and business code of conduct. This policy is needed to be reviewed and adjusted consistently in order to cope with changing business environment and roles and regulations from Stock Exchange of Thailand or other related agencies. Moreover, to encourage equal treatment among shareholders and stakeholders, in 2012, the Company’s board of directors has prepared new way for minority shareholders to participate shareholders’ meeting by proposing meeting agenda in advance and/or proposing nominees to be board of directors via facsimile and/or company’s website. In 2013, the Company’s board of directors has resolved to segregate the Corporate Governance Committee from the Audit Committee in order to conform to good corporate governance policy, to encourage improvement and enhancement of good corporate governance policy, and to enable appropriate and continual disclosure of corporate governance performance. This will not only reflect the organization’s efficient, transparent and ethical management, along with responsibility to society and the environment, but also establish trust of the shareholders, investors and all stakeholders in the Company.. (Mr. Gunkul Dhumrongpiyawut) Chairman of the Board February 25, 2013 106

Smart Energy in Action

(Mr. Sathaporn Kotheeranurak) Chairman of the Audit and Corporate Governance Committee February 25, 2013

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GUNKUL_2012 GUNKUL ENGINEERING PCL Annual Report 2012

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GUNKUL_2012 GUNKUL ENGINEERING PCL Annual Report 2012

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