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used to the maximum interest. There is a segregation of responsibilities among employees, checkers and supervisors so as to have appropriate balance and crosscheck system. The financial report has to be submitted to the management according to the line of responsibility. The Company has outsourced the office of Dr Virach & Associates (Certified Public Accountants and inclusive list of SET) as internal auditors instead of its own division to monitor and to ensure that the operation and financial activities of the Company are in compliance with established system and done with efficiency. This division shall also oversee whether the business operation complies with relevant laws and regulations. The internal audit division shall perform its tasks independently and report the findings to the Audit Committee within the set timeframe. The Company has a risk management policy as a part of management policy in order to assist the Company attain its objectives, aims and strategies. The management and all employees are risk owners and have to analyze risks in every section and process, assess efficiency of existing control measures and suggest plan and way to minimise risks. 14. Directors' Reporting The Board of Directors shall be responsible for the Company' s financial statements and the financial information as stated in the Annual Report. Such financial statements are prepared in accordance with generally accepted accounting principles in Thailand, with careful consideration and best estimates. Accounting policies are appropriate and consistently adopted and substantial information are sufficiently disclosed in notes to financial statements. The Board appoints an audit committee to be responsible for the quality of the financial report and internal control systems. Audit Committee’s opinion about these findings is stated in Audit Committee’s report which is already shown in the Annual Report. 15. Relations with Stakeholders The Board of Directors shall attach significance to the disclosure of financial and general information, which is accurate, adequate, comprehensive and transparent, to shareholders and concerned people. This shall be done through the channels of the Stock Exchange of Thailand. The Company has not established an investor relation section because there are few activities in this area. The Financial Manager and the Assistant Managing Director are assigned to communicate with individuals and institutional investors, shareholders, analysts and authorities concerned. Investors shall request the Company for information by phone at 02-361 8959/87 or fax at 02361 8989. 12

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LST_2004 LAM SOON (THAILAND) PCL Annual Report 2004

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LST_2004 LAM SOON (THAILAND) PCL Annual Report 2004

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