Hemaraj Land and Development Public Company Limited
Management Structure
Board of Directors
As of December 31, 2007, Board of Directors consists of 9 members as follows:
1. Mr. Sawasdi Horrungruang
Chairman of the Board of Directors
2. Mr. Thongchai Srisomburananonta
Director
3. Mr. David Richard Nardone
Director
4. Mr. Sudhipan Charumani
Director (Independent)
5. Mr. Peter John Edmondson
Director (Independent)
6. Mrs. Punnee Worawuthichongsathit
Director (Independent)
7. Mr. Vivat Jiratikarnsakul
Director
8. Ms. Pattama Horrungruang
Director
9. Mr. Somphong Wanapha
Director (Independent)
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With Mr. Sirisak Kijraksa
as Company Secretary
The Company’s Board of Directors consists of 4 Independent Directors whose have additional qualifications
for independence according to such prescribed in regulation of SET and SEC as follows:
1. holding share not exceeding 3% of paid up capital of the company, subsidiaries, associates or
related companies including also share held by related persons.
2. uninvolved in management, not being an employee, staff, consultant earning permanent salary in the
ANNUAL REPORT 2007
company, subsidiaries, associates or related companies nor being major shareholder of the company.
3. no any benefit nor being a stakeholder regardless directly or indirectly of the company, subsidiaries,
associates nor major shareholder of the company.
4. not being related person nor close relative of the management or major shareholder.
5. not being the director who is appointed to safeguard benefit of the company director, major shareholder
or shareholder who is related to the major shareholder of the company.
6. Able to perform his duties and express comment independently.
Basic Scope of Board of Directors’ Responsibility The Board of Directors’ prime responsibility is to formulate corporate visions, overall policies and major
strategies with ability, integrity and care, so as to achieve continuous and long lasting benefits for the Shareholders. This responsibility includes effective control and supervision of the Management to assure that Board instructions are put into practice with efficiency and in line with relevant rules of law and supervising authorities’ regulations, with the Company’s own requirements, as well as with good corporate governance principles. In discharging its responsibility, the Board may appoint or assign one or more specific directors or any other persons to act on its behalf, and can revoke such appointments or assignments, as it considers necessary or appropriate.