Corporate Governance to shareholders, registration was provided 2 hours before the meeting commenced until it ended. Snacks were served to the participants. The meeting took 1.30 hours. Minutes of the meeting was recoded accurately and completely to enable inspection by shareholders. The minutes were organized for easy and convenient auditing. After the meeting, shareholders can access the minutes of meeting via the Company’s website under the section “Investor Relations” within 14 days. 5. Leadership and Vision The Board of Directors is composed of directors who are qualified, skilled and experienced in business activities under the framework of the law, objectives, Articles of Association, and resolutions passed at shareholder meetings. The discharge of these duties shall be executed responsibly, honestly, and prudently according to good practices. The Board of Directors shall take part in establishing company’s objectives, strategies, goals and policy, and shall approve business plans and company’s budget, and shall then follow up the operation result to comply with the established objectives, policies and business plans for the maximum benefits of the organization and shareholders. In the previous year the Executive Committee proposed an annual business plan and fiscal budget to the Board of Directors. After being discussed and commented by the Board and Committee, those plan and budget were adjusted and approved. 6.Conflicts of Interest The Company’s policy concerning conflict of interest is based on the principle that every employee must perform his responsibilities for the best interest of the Company. Employee actions and decisions shall not be influenced by personal gains or nepotism, and duties shall be executed in strict accordance with the Company’s code of conduct. The Board of Directors supervises possible related transaction carefully and use of internal information as followings. 1. Possible related transaction It is determined, as a measurement to prevent conflicts of interest which may arise from making connected transactions between the Company and other persons, that the executives and stakeholders shall not be able to make approvals on such transactions. The said transactions must be reported to the Audit Committee for comments and the Board of Directors after on. Those must be in compliance with the laws concerning securities and stock exchange and regulations, announcement, order or specifications of the Stock Exchange of Thailand. 2. Supervision of use of internal information The Company’s policy prohibits directors and executives to use the Company’s information neither directly or indirectly for personal benefits according to description of article 9.5. In every meeting of Board of Directors, the Chairman shall inform the meeting to follow the
Annual Report 2007
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