Structure of Shareowning & Management

Transcription

1 Structure of Shareowning & Management ß â ß ÕÀÿâπ 1. ß â ß - π«π 13 à π ßπ È ËÕ / µ Àπàß 1.. µÿ» æ å ª π 2. ÿ ÿ Ï «π Õߪ π 3. ÿ ÿ µ «π ºŸâÕ π«4.. æß å «µ» ª π µ «Õ 5. ÿ Õ Õ»«π π å µ «Õ 6. ÿ ª å Õ πµ µ «Õ 7. ÿ ÿ «π 8. ÿ π «9. ÿ «Ãπ ßÀå 10. ÿ ÿ æ π å «ÈÕ 11. ÿ æ πå 12. ÿ µπå «π 13. ÿ «º πÿ 1. Management Structure of management - Board of Directors consist of following 13 persons : Name / Position 1. Som Chatusripitak Ph.D. Chairman 2. Boonsithi Chokwatana Vice Chairman 3. Boonkiet Chokwatana President 4. Thiraphong Vikitset Ph.D. Audit Committee Chairman 5. Amorn Asvanunt Audit Committee Member 6. Prachak Assuntajai Audit Committee Member 7. Boonchai Chokwatana Director 8. Daranee Manawanitjarern Director 9. Somkid Chakawalnorasingh Director 10. Chumaphan Wichienkuer Director 11. Somphol Chaisiriroj Director 12. Thamarat Chokwatana Director 13. Vittaya Cherapanukorn Director 77 There is hope for recovery in even the most difficult situations.

2 ß πª ªï 2546 >> å â ß «ÿ ««ß æ ËÕª«ß π - µ «Õ ª Õ â«ÿ π«π 3 à π ßπ È ËÕ / µ Àπàß 1.. æß å «µ» ª π µ «Õ 2. ÿ Õ Õ»«π π å µ «Õ 3. ÿ ª å Õ πµ µ «Õ - À ºŸâ À Õß π«π 13 à π ßπ È ËÕ / µ Àπàß 1. ÿ ÿ Ï «π ª π À 2. ÿ ÿ µ «π Õߪ π À 3. ÿ æ πå ºŸâÕ π«ωé C 4. ÿ «Ãπ ßÀå ºŸâÕ π«ωé D, J 5. ÿ «º πÿ ºŸâÕ π«ωé À 6. ÿ π «ºŸâÕ π«ωé ß π π» 7. ÿ ÿ æ π å «ÈÕ ºŸâÕ π«ωé π ß π 8. ÿ µπå «π ºŸâÕ π«e-business - Audit Committee consist of 3 following board of directors : Name / Position 1. Thiraphong Vikitset Ph.D. Audit Committee Chairman 2. Amorn Asvanunt Audit Committee Member 3. Prachak Assuntajai Audit Committee Member - Executive Board of Directors consist of 13 following persons: Name / Position 1. Boonsithi Chokwatana Executive Chairman 2. Boonkiet Chokwatana Executive Vice Chairman 3. Somphol Chaisiriroj Vice President Division C 4. Somkie Chakawalnorasingh Vice President Division D.J. 5. Vittaya Cherapanukorn Vice President Sale Administrative 6. Daranee Manawanitjarern Vice President Accounting, Finance and Information Technology 7. Chumaphan Wichienkuer Vice President Human Resource Management 8. Thamarat Chokwatana Vice President E-Business ª. «π «º æ Èß Õ ªìπ Ÿ º Èß Ë Õß Õ ªìπ «ßà 78

3 ËÕ/µ Àπàß/ª å ß π/«ÿ» 9. ÿ Õπÿ«µ Õ ÿ ºŸâÕ π«ωé B ºŸâ À Õß ª À ÿ π ± µæ π À» µ å 10. ÿ Õ π«ÿß«ß»å Õß ºŸâÕ π«ωé G, K, M ºŸâ «â ( À π) ª»π µ «æ ß π ÿ 11. ÿ πµπ ºŸâÕ π«ωé H Õ π µõ π Ëπ π Õ Õ å ª µ µ å ÿã ß å À «12. ÿ æ ÿπ πÿ ºŸâÕ π«ωé I ºŸâ Õ ÿ ª µ π»» µ å ÿã ß å À «13. ÿ æá π π» ªá ºŸâÕ π«ωé V Àæ πæ Ÿ ( À π) ª À ÿ (MBA) À µ å Àπ Õ π «â ßπ È ç Õß π ßπ à«π ª µ Õß é πÿ : π ß π «Name / Position / Experience / Education 9. Anuwat Areekul Vice President Division B Managing Director of Thai Itokin Co.,Ltd. MBA National Institute of Development Administration 10. Amnuay Bumroongwongtong Vice President Division G.K.M. Managing Director of Thai Wacoal Plc. Vocational Certificate from Siam Business College 11. Chintana Chalermchaikit Vice President Division H Director of International Laboratories Corp.,Ltd. B.S. (Science) Chulalongkorn University 12. Pisamai Chunmanu Vice President Division I Managing Director of Thai Arusu Co.,Ltd. B.S. (Communication Arts) Chulalongkorn University 13. Pennapha Dhanasarnsilp Vice President Division V Director of Saha Pathanapibul Plc. Master Degree of Business Administration Thammasat University The authority of the Directors has been set as follows : çtwo Directors jointly sign their names and affix the Company Sealé Company Secretary : Mrs. Daranee Manawanitjarern 79 The first mistake makes for a good teacher; the second makes one look foolish.

4 ß πª ªï 2546 >> å â ß «ÿ ««ß æ ËÕª«ß π ÕÀÿâπ Õß ºŸâ À π π Õ - ÕÀÿâπ Õß ºŸâ À π æ Ë Èπ/ ß πªï ˺à π Shares held by Directors and Executives in the Company and in the affiliated companies - Shares held by Directors and Executives in the Company increase/decrease during the past year 31 π«æ Ë ( ) as of December 31 Increase (Decrease) 2546/ /2002 À ß ª ß Ÿ à Àÿâπ À ß ª ß Ÿ à Àÿâπ àõπ ª ß Ÿ à Àÿâπ After Stock Split After Stock Split Before Stock Split. µÿ» æ å Som Chatusripitak Ph.D. 10,680 10,680 1,068 - ÿ ÿ Ï «π Boonsithi Chokwatana 6,486,740 6,486, ,674 - ÿ ÿ µ «π Boonkiet Chokwatana 3,197,440 3,187, ,744 10,000. æß å «µ» Thiraphong Vikitset Ph.D ÿ Õ Õ»«π π å Amorn Asvanunt ÿ ª å Õ πµ Prachak Assuntajai 112, ,190 11,219 - ÿ ÿ «π Boonchai Chokwatana 37,540 37,540 3,754 - ÿ π «Daranee Manawanitjarern 312, ,530 31,253 - ÿ «Ãπ ßÀå Somkid Chakawalnorasingh 99,050 99,050 9,905 - ÿ ÿ æ π å «ÈÕ Chumaphan Wichienkuer 72,840 72,840 7,284 - ÿ æ πå Somphol Chaisiriroj 63,340 63,340 6,334 - ÿ µπå «π Thamarat Chokwatana 299, ,050 28,905 9,980 ÿ «º πÿ Vittaya Cherapanukorn 4,080 4, ÿ Õπÿ«µ Õ ÿ Anuwat Areekul 6, ,050 11,605 (110,000) ÿ Õ π«ÿß«ß»å Õß Amnuay Bumroongwongthong 68,850 68,850 6,885 - ÿ πµπ Chintana Chalermchaikit 14,640 14,640 1,464 - ÿ æ ÿπ πÿ Pisamai Chunmanu 21,150 21,150 2,115 - ÿ æá π π» ªá Pennapha Dhanasarnsilp 6,100 15,220 1,522 (9,120) À Àµÿ : π 2546 ª Ë π ª ß Ÿ à Àÿâπ ˵ «â Àÿâπ 10 ªìπÀÿâπ 1 2. ª ß Ÿ à Àÿâπªï 2545 ªìπ 𠫪ï 2546 Notes : 1. As of April 28, 2003 the share value has been changed from Baht 10 per share to Baht 1 per share. 2. Share value has been changed to the same base as the year ÕÀÿâπ Õß π π Õ - à - - Shares held by Directors in the affiliated companies - None - ª. «π «ŸâµâÕß Õß Ÿß «ªìπÕ ŸàµâÕß ÕßµË 80

5 Õ µõ π Àπâ Ë - Õ π Àπâ Ë Õß 1. ªØ µ Àπâ Ë Àâ ªì𠪵 ÆÀ µ Æ ªØ µ À æ å µ À æ å Æ âõ ß Õßµ À æ å Ààß ª» µ «µ ÿª ß å âõ ß Õß µ Õ πµ µ ˪ ÿ ºŸâ ÕÀÿâπ Õß 2. º Õ µàõºÿâ ÕÀÿâπ Õß Ë Õ - À ß π æ ËÕ º ª πåµàõºÿâ ÕÀÿâπ - ªî º âõ Ÿ Õ à ß Ÿ µâõß â«π µ π ËÕ Õ â 3. Àπ «π «π Ë Ë ª ÿ ºŸâ ÕÀÿâπ «Èß À𠫪 ÿ ºŸâ ÕÀÿâπ «πªî ÿ π æ ÕπÀÿâπ Àπ ÿ ºŸâ Õ Àπ ß Õ Õ π π ª ÿ ºŸâ ÕÀÿâπ πõõ µ ß π Õß ß πªíπº µ Õ π «ÀÁπ Ë «ËÕß Ë πõµàõºÿâ ÕÀÿâπ 4. æ µàßµ Èß µ «Õ Àπ Õ µõ π Àπâ Ë 5. æ Õπÿ µ â ÿ Ë â à Ë Ë «ß 6. Àπ π» ß π πß π Õß «ÿ Ÿ ÀâΩÉ π π Àâ ªìπ ª µ π Ë Àπ «âõ à ß ª æ ª º æ ËÕ æ Ë Ÿ à ß» Àâ à «Ëß Ëß Ÿß ÿ Àâ àºÿâ ÕÀÿâπ 7. «ÿ π π Õß µ Õ ««µ µ æ π Ë Àπ π Ë Ë «âõß Õß 8. ß π À À 9. Õ π Àâ «ÀÁπ Õ πß ß π ß π ß ß π ˺Ÿâ Õ âµ «Õ À Õ Õ π â«10. æ Õπÿ µ Ÿâ ß π/ π ß π ÕÕ Àÿâπ Ÿâ æ ËÕ â ªìπ ß π ÿπà ÿπ «π Õß 11. æ Õπÿ µ Àâ Ÿâ / Àâ Ÿâ à Ë «æ π å ß ÿ π«ß ß π Ë π 50 â π 12. æ Õπÿ µ ÈÕ / / - æ å π ß π ß ÿπ à â à µà ßÊ π«ß ß π Ë π 50 â π Scope of Roles & Responsibilities - Roles & Responsibilities of the Board of Directors 1. To carry out corporate operation in accordance with the law and regulations of the Securities and Exchange Commission and of the Stock Exchange of Thailand, with the companyûs objectives and articles of association, and with the resolutions of the shareownersû meetings 2. To act responsibly and consistently on behalf of the shareowners. - To run the business for the best interest of the shareowners - To reveal accurate, complete, up-to-standard and reliable information 3. To set up dates venues and agenda of shareownersû Meeting as well as the closing date for shares register, delegating proxy and authorization in the shareownerûs meeting and presenting profit allocation, reserves and dividends as well as summarizing issues to shareowners 4. To appoint audit committee and determine the authorization 5. To consider entering into transactions with all individuals involved 6. To set up policies and direction for corporate operation, to supervise and control the administration efficiently and effectively in accordance with the set policies so as to optimize economic value to the business and wealth to the shareowners. 7. To control corporate operation consistently, as well as to follow up on related contract obligation and liability. 8. To acknowledge administrative reports from the executive committee 9. To review and approving the financial statements and financial reports as approved or reviewed by auditors 10. To approve getting loan/repayment of loan and debenture issuance for use as companyûs working capital 11. To approve the granting/revoking of more than 50 million baht loan to business-related companies 12. To approve purchase/revocation/sale of assets, investment capitals and expenditure for the amount of more than 50 million baht 81 Be ambitious in acquiring knowledge; be modest with oneûs living.

6 ß πª ªï 2546 >> å â ß «ÿ ««ß æ ËÕª«ß π 13. æ Õπÿ µ â È ª π / È ª π º Õ / «º Õ µàõ ÿ / Ë «æ π å ß ÿ π«ß ß π Ë π 50 â π 14. æ Õπÿ µ π ß ÿπ π ß π ß ÿπ µà ßÊ π«ß ß π Ë π 50 â π 15. Õ ËπÊ µ âõ Àπ Õß Ëª ÿ - Õ π Àπâ Ë Õß À 1. ªØ µ µ π ÿ å π πß π Õß Ëß Àπ 2. º Õ µàõ Ë Õ - ß π «ËÕπ À«À Õº π πß π Õß Õ à ßµàÕ π ËÕß «Á«- ªî º âõ Ÿ Õ à ß Ÿ µâõß â«π µ π ËÕ Õ â 3. Ÿ «π Àâ «ÀÁπ Õ π ÿ å Ë ºπß π ß ª ª ªï 4. æ «π â ÿ Ë â à Ë Ë «ß ÈßÀ ÿ «ß ß π ÿªº æ ËÕ àß Àâ æ Õπÿ µ 5. º Õ π ß ß π ß π ß ß π À⺟â Õ µ «Õ â«πõµàõ µ «Õ µ 6. æ «π Ÿâ ß π/ π ß π Ÿâ ÕÕ Àÿâπ Ÿâ Õß ÈßÀ ÿ «ß ß π æ ËÕ â ªìπ ß π ÿπà ÿπ «π Õß ÿªº æ ËÕ àß Àâ æ Õπÿ µ 7. æ Õπÿ µ Àâ Ÿâ / Àâ Ÿâ à Ë «æ π å ß ÿ π«ß ß π Ë Àπ À «ß ß π Ë πõ π Àâ æ «π ÿªº æ ËÕ àß Àâ æ Õπÿ µ 8. æ Õπÿ µ ÈÕ / / - æ å π ß π ß ÿπ à â à µà ßÊ π«ß ß π Ë Àπ À «ß ß π Ë πõ π Àâæ «π ÿªº æ ËÕ àß Àâ æ Õπÿ µ 9. æ «π â È ª π / È ª π º Õ / «º Õ µàõ ÿ / Ë «æ π å ß ÿ π«ß ß π Ë Àπ À «ß ß π Ë πõ π Àâ æ «π ÿªº æ ËÕ àß Àâ æ Õπÿ µ 13. To approve collateral granting/revoking and liability granting/revoking of liability to individuals/business-related companies for the amount of more than 50 million baht 14. To approve investment policies for investing in other companies for the amount of more than 50 million baht 15. Other businesses as required in the meeting - Roles & Responsibilities of the Companyûs Executive Management 1. To acknowledge and implement the policies and strategies set by the Board of Directors 2. To be consistently accountable for the Board of Directors - To report on corporate movement and performance continually and promptly - To reveal accurate, complete, up-to-the-standard and reliable information. 3. To supervise, review and approve policies, major Strategies, plans and annual budget 4. To consider entering into transactions with all individuals involved for all budgets and submit reports for approval by the Board of Directors 5. To be responsible for making financial statements for the auditors to be submitted to the audit committee and Board of Directors, respectively 6. To consider getting the loan/repayment of loan and debenture issuance for use as companyûs working capital and submit reports for approval by the Board of Directors 7. To consider approving the granting/revoking of loans to business-related companies within the amount set by the Board of Directors. For the unauthorized amount, summary of consideration must be submitted to the Board of Directors 8. To consider and approving purchase/revocation/sale of assets, investment capitals and expenditure within the amount set by the Board of Directors. For the unauthorized amount, summary of consideration must be submitted to the Board of Directors 9. To consider collateral granting/revoking and liability granting/revoking of liability to individuals/business related companies within the amount set by the Board of Directors. For the unauthorized amount, summary of consideration must be submitted to the Board of Directors ª. «π Ë ß Õ Áπ Õ À π ª Õß π 82

7 10. æ Õπÿ µ π ß ÿπ π ß π ß ÿπ µà ßÊ π«ß ß π Ë Àπ À «ß ß π Ë πõ π Àâæ «π ÿªº æ ËÕ àß Àâ æ Õπÿ µ 11. Õπÿ µ ªî / ªî π 12. Õπÿ µ â / «ß ß π π ËÕ π 13. ª Ë π ª ß Áπ Ëß à Õπÿ µ π â π â 14. Õπÿ µ ª æ / À Õ π â ß À Õ Ë ËÕ æ / À Õ â 15. º Õ π Àπ π µ 16. º Õ ß π ß â π À â π â µ µ Àπ È πõßà æ å æ ËÕª π 17. º Õ ß π ß â π À ß π ÿ 18. µàßµ Èß Õ Õπ â æ ««Õ µ Õ π Àπ à µõ π «àæπ ß π πµ Àπàß À µà ßÊ 19. Õ ËπÊ µ Ë Õ À - Õ π Àπâ Ë Õß µ «Õ 1. Ÿ ß π ß ß π Õß Àâµ ßµàÕ «ªìπ ß â«π æ ßæÕ ËÕ Õ â 2. Ÿ Àâ «ÿ π µ «Õ π Ë À ª æ 3. æ Õ πõ µàßµ ÈߺŸâ Õ Õß æ âõ Àπ à µõ π Ë «4. Ÿ Àâ ªØ µ µ âõ Àπ ÆÀ Ë Ë «âõß 5. Ÿ æ ËÕ à Àâ «âß ßº ª πå 6. ªØ µ Õ Ëπ µ Ë Õß Õ À 7. ß π Ÿ Õß µ «Õ ªî º «â π ß πª ªï Õß Ëß ß π ß à «µâõß ßπ ª π µ «Õ À ºŸâ À œõ Ÿà À«à ß» âõ Ÿ æ ËÕ µ Èß À œ ß ß à À æ ËÕ Õ ÿ Ë µàßµ Èß ªìπ Èßπ È Õß µâõß â Õ µ Èß Ëª ÿ ºŸâ ÕÀÿâπ µâõß ÿ µ à µâõßàâ µ ÆÀ 10. To consider be approving investment policies for investing in other within the amount set by the Board of Directors. For the unauthorized amount, summary of consideration must be submitted to the Board of Directors 11. To approve the opening and closing of bank accounts 12. To approve the receiving and revoking of bank loan 13. To amend the authorization of payment and approved of goods request and borrowing slips 14. To approve price adjustment and/or destruction of deteriorated and/or outdated inventory 15. To be responsible for setting up marketing policies 16. To be responsible for management of sales, outlets, debt undertaking and sale collateral mortgaging 17. To be responsible for personnel administration 18. To appoint, recalling, transferring, accrediting as well as determining remuneration and welfare for executive management 19. Other businesses as required by the Board of Directors - Roles & Responsibilities of Companyûs Audit Committee 1. To ensure the correctness and creditability of the Companyûs Financial Statements. 2. To ensure that the Company has an adequate and efficient internal control and internal audit systems. 3. To consider, screen and propose the appointment of Companyûs auditor and determine appropriate remuneration 4. To ensure that the Company complies with the relevant laws and regulations. 5. To ensure that there is no any conflict of interest. 6. To carry on other matters assigned by the Board of Directors. 7. To publish and disclose an audit committee report in the Companyûs Annual Report. Such report must be signed by Audit Committee Chairman. Procurement of Companyûs Directors & Management As the Procurement Committee is now under the settingup process, the company has no specific committee to elect directors. However, the appointment of the Companyûs directors has been done by a resolution of Shareownersû Meeting. The qualification of the appointed directors must meet the requirements and conform to the laws. 83 Righteousness and tranquility are fundamental elements to human resource management.

8 ß πª ªï 2546 >> å â ß «ÿ ««ß æ ËÕª«ß π - Õß åª Õ µàßµ Èß «µàßµ Èß Õ Õπ µ âõ ß À «Ë 3 âõ 19 Àπ Àâ Õß â àπâõ «à 5 π àπâõ «à ËßÀπ Ëß Õß π«π ÈßÀ µâõß Ëπ ËÕ Ÿà π Õ «µàßµ Èß µ âõ ß À «Ë 3 âõ 21 Àπ Àâ Àâ ˪ ÿ ºŸâ ÕÀÿâπ Õ µ Èßµ À ±å «ßπ È 1. ºŸâ ÕÀÿâπ πàπ Ëß ππ ß à Àπ ËßÀÿâπµàÕ ßÀπ Ëß 2. ºŸâ ÕÀÿâπ µà π µâõß â ππ ß Ë Õ Ÿà ÈßÀ µ (1) Õ µ Èß ÿ π «À ÕÀ π ªìπ Á â µà àß ππ ß Àâ àºÿâ πâõ æ ß à â 3. ÿ Ëß â ππ ß Ÿß ÿ µ ß ªìπºŸâ â Õ µ Èß ªìπ à π«π Ë Ëª ÿ ºŸâ ÕÀÿâπµâÕß Õ µ Èß π Èßπ Èπ π Ë ÿ Ëß â Õ µ Èß π ß ππ ß à π π π«π Ë Ëª ÿ ºŸâ ÕÀÿâπµâÕß Õ µ Èß π Èßπ Èπ À⪠π ªìπºŸâÕÕ ß È «Õ Õπ - ÕÕ µ «µ âõ ß À «Ë 3 âõ 22 Àπ Àâ π ª ÿ ª ªï ÿ Èß Àâ ÕÕ µ Àπàß ªìπ π«πàπ Ëß π ªìπÕ µ â π«π Ë àßõõ Àâµ ß ªìπ à«π à â Á ÀâÕÕ π«π â Ë ÿ à«πàπ Ëß π Ë µâõßõõ µ Àπàß πªï ªï Ë Õß À ß π π Èπ Àâ π«à ºŸâ ÕÕ à«πªïà ßÊ µàõ ª Àâ π ËÕ Ÿà πµ Àπàßπ π Ë ÿ π Èπ ªìπºŸâÕÕ µ Àπàß - ÕÕ πõ «1.µ âõ ß À «Ë 3 âõ 23 Àπ Àâ æâπ µ Àπàß (πõ æâπ µ Àπàßµ «âõ 22) ßπ È - Components and Appointment of the Companyûs Directors Appointment and Removal According to the Companyûs Articles of Association : Chapter 3 çboard of Directorsé Article 19 stipulating that the Company shall have a Board of Directors comprising not less that five (5) directors and not less than half of whom shall have residence in the Kingdom. Appointment Procedures of Companyûs Directors. According to Companyûs Articles of Association : Chapter 3 çboard of Directorsé Article 21 stipulating that the directors shall be elected at the Shareownersû Meeting in accordance with the following rules and procedures: 1. A shareowner shall have one vote for one share. 2. Each shareowner must exercise all of the votes he or she has under 1. to elect one or several persons to be a director or directors and must not allot his or her votes to any person in any number. 3. The persons having the highest number of votes to the lower number of votes in order shall be elected as the directors equal to the number of directors to be elected by the Shareownersû Meeting in such election. In case where the number of votes for the candidates in descending order are equal which would otherwise cause the number of directors to be elected by the Shareownersû Meeting to be exceeded in such election, the Chairman shall have a casting vote. Removal - Termination According to the Companyûs Articles of Association : Chapter 3 çboard of Directorsé Article 22 stipulating that at every Annual General Meeting, one-third (1/3) of the directors shall retire from office. If the number of directors cannot be divided evenly into three (3) parts, the nearest number to such one-third (1/3) of the directors shall retire from office. The retirement of directors in the first and second years after registration of the Company shall be effected by drawing lots. In the subsequent years, the directors holding office the longest shall retire. - Termination by special condition 1. According to the Companyûs Articles of Association : Chapter 3 çboard of Directorsé Article 23 stipulating that apart from vacation by rotation, a director shall vacate office upon ª. «π ß π ÿ Õ à ß æ ßÕ Ÿà Ë «Èß Õ µ «Õß Õ «84

9 (1) µ (2) ÕÕ (3) ÿ µ À Õ µâõßàâ µ ÆÀ À Õ âõ ß π È (4) ˪ ÿ ºŸâ ÕÀÿâπ ß µ ÀâÕÕ (5)» Ëß ÀâÕÕ ËÕµ Àπàß «à ß ß (πõ ß «ÕÕ µ «) Àâ Õ ÿ Ëß ÿ µ à µâõßàâ µ ÆÀ â ªìπ πµ Àπàß Ë«à ß π ª ÿ «ª «âπ µà«õß À ÕπâÕ «à 2 Õπ 2.µ âõ ß À «Ë 3 âõ 26 Àπ Àâ ˪ ÿ ºŸâ ÕÀÿâπ Õ ß µ Àâ π ÕÕ µ Àπàß àõπ ß «ÕÕ µ «â â«ππ ß àπâõ «à π Ë Õß π«πºÿâ ÕÀÿâπ Ëß ª ÿ ÕÕ ß Àÿâππ «π â àπâõ «à ËßÀπ Ëß Õß π«πàÿâπ Ë Õ ºŸâ ÕÀÿâπ Ë ª ÿ ÕÕ ß - Õß åª Õ µàßµ Èß µ «Õ «µàßµ Èß Õ Õπ µ ª»µ À æ å Ààߪ» ËÕß ÿ µ Õ µ π πß π Õß µ «Õ ß«π Ë Àπ Àâ µ «Õ ª Õ â«õß Ëß Õß µàßµ ÈßÕ à ßπâÕ 3 π ªìπ µ «Õ µ «Õ Õ à ßπâÕ 1 πµâõß ªìπºŸâ Ë «Ÿâ â π À Õ ß π «µàßµ Èß Õ Õπ àπ «à µõ πºÿâ À 1. à µõ π Ë ªìπµ «ß π πªï 2546 ( ) à µõ π «13 à π à 15,764,000 ªìπ à µõ π π Ÿª È ª ÿ, ß π ÀπÁ, ß π Õπ ( ) à µõ π À ºŸâ À Ë Õß ºŸâ ß ºŸâ À π à Ë Ë ÿ «13 à π à 40,517,013 ªìπ à µõ π π Ÿª ß π Õπ, ß πõÿ Àπÿπ, È È ß, È ª ÿ (1) death, (2) resignation, (3) lack of qualifications or possession of characteristics prohibited by law or these Articles, (4) removal by resolution of the Shareownersû Meeting, (5) removal by the court order. In case of vacancy in the Board of Directors for reasons other than by rotation, the Board of Directors shall elect a person who has qualifications and does not possess the characteristics prohibited by law to be a substitute director at the next meeting of the Board of Directors unless the remaining term of office of such a director is less than two (2) months. 2. According to the Companyûs Articles of Association : Chapter 3 çboard of Directorsé Article 26 stipulating that the Shareownersû Meeting may pass a resolution removing any director from office prior to retirement by the votes of not less than three-fourths (3/4) of the number of shareowners present at the meeting and entitled to vote and representing the total shares of not less than half of the number of shares held by the shareowners present at the meeting and entitled to vote. - Components and Appointment of the Audit Committee Appointment and Removal According to SETûs announcement concerning qualifications and scope of work for the audit committee, dated January 19, 1998, the audit committee must consists of at least 3 Board of Directors appointed by the Board. Among these directors at least one must have accounting or finance knowledge. The appointment and removal procedures are the same as those of the Companyûs Directors. Remuneration 1. The monetary remuneration for the year 2003 (a) Remuneration for 13 directors of the board amounted Baht 15,764,000 including conference allowance, gratuity and salary. (b) Remuneration for the executive directors and the first 4 directors of the board ranking from manager and the equal ranks to the 4th executive totalling 13 persons amounted Baht 40,517,013 including salary, bonus, allowance and conference allowance 85 The driving force of doing work, regardless of the type, depends on 3 kinds of love: oneself, family, and institution.

10 ß πª ªï 2546 >> å â ß «ÿ ««ß æ ËÕª«ß π 2. à µõ πõ Ëπ - à - Ÿ ËÕß â âõ Ÿ π ºŸâ À à«π À àªø µ ß π π /À Õ π Õ ªìπ «π πà ªï «â π«π Õß å Õß ªìπÕ à ß ªìπ ºŸâ «ËÕ µ åµàõ SENSE OF BELONGING Ÿß Ë àπ âõ Ÿ π ª â æ ËÕª πå à«πµπà Õ â æ ËÕ Õ Ëπ ß π µàõ ˪ ÿ ÿ Èß Ë ÈÕ Àÿâπ µ Õ π ß π Àâ µ. µ Æ ±å ÿ Èß Ÿ Õ Õ π Àπâ Ë Ë Àπ «â π âõ ß Õß µ ª «ÆÀ æàß æ å µ Æ âõ ß Õßµ À æ å Ààߪ» πõ π È âªø µ µ âõæ ßªØ µ Ë À π (Code of best practice) ªØ µ µ À Ÿ Ë Ë ªì𠪵 π«ß Õßµ À æ å Ààߪ» ßπ È π Ë «Ÿ (µ À âõ 1) µ Àπ ß «Õß Ÿ Ë â π π Õ à ßµàÕ π ËÕß æ ËÕ â ß ÀâÕß å Ë ª æ ª º ª àß π π π ÿ àõ Àâ «ËÕ Ëπ Õ ºŸâ ÕÀÿâπ ºŸâ ß ÿπ ÿ Ë«ª Õ ππ Ëß «â «Àπâ «Ëπ ß à ªìπª πåµàõºÿâ ÕÀÿâπ ºŸâ à«π â ß à«π «µ Õ π ªìπ â ß «â «Àπâ àæπ ß π ß â Àπ π Ÿ «â ßπ È 1. π π Àâ ß â ß Õß Àπ Õ µõ π Àπâ Ë «º Õ Õß µà ÿ ºŸâ À Õ à ß π 2. π π Àâ ËÕ Ëπ â«à ß π ß ß π âõπ º π πß π Ë â ß ª π Àπ «ß µ π ªÑÕß π «Ë ß ÀâÕ Ÿà π Ë À 3. π π Àâ ËÕ Ëπ â«à «π µà ßÊ Õß ªìπ ªÕ à ß ª æ ª º µâ À à«ß ÿ Õ π Ë ª àß µ «Õ â 2. Other kind of remuneration - None - The Use of Internal Information Most of the Companyûs Directors and executive management have worked in the company and/or affiliated companies for many years. They have a perfect understanding of the corporate culture. With a conscientious sense of business ethics, integrity and belonging, they can hardly make use of internal information for either personal or any other purposes. They always and duly report on all transactions in stock trade to the meetings of the Board of Directors, as well as to the SECûS strictly in accordance of the regulations. Corporate Governance The Board of Directors has responsibilities and authorization in accordance with the Companyûs Articles of Association and Civil and Commercial Code as well as the Rules and Regulations of the Stock Exchange of Thailand (SET). Additionally, the Board has also followed the Code of Best Practices set for the listed companies and the SETûs guidelines as following details : Corporate governance policies (principle # 1) The Board of Directors is aware of the significance of good corporate governance, and has continually striven to ensure efficiency and transparency in its business operations through the implementation of written corporate governance policies. This aims at creating trust and acceptance amongst shareowners, investors and the general public. This will bring about stability and success to the company as well as job advancement to the staff, benefits to the shareowners, stakeholder and society at large. Followings are the corporate governance policies : 1. Organizing and assuring that each group has clear and valid roles, responsibilities in the organization. 2. Assessing, controlling and evaluating all financial reports and risk to ensure that all given informations truly reflect the companyûs performance and manage risk at proper level. 3. Ensuring that all company activities and procedures are effective and assessable with transparency and proper balance of power. 4. When conflict of interests occurs, remove the issue of conflict of interest carefully, and reasonably on a virtuous ground ª. «π µ Ÿ Ë µà àõ ª µà Ëß ß 86

11 4. π π «âß ßº ª πå â««õ Õ Àµÿ º Õª πå Õß ªìπ ˵ Èß â««ß ªØ µ ß π Ë ª àß 5. π π Àâ ªî º âõ Ÿ Õ à ß Ÿ µâõß â«π µ à Ë à µàõª πåõ π Õ Õß 6. ÿàß Ëπ Ÿà «ªìπ» π π π ÿ Ëπ π â ß «æ ßæÕ Àâ à Ÿ â â«øíß «πµπ Õß æ ËÕ â ß å Ëß Ë Ë ÿ Õ Ÿà Õ 7. ª Ÿ Ωíß ÿ â ß µ π Õ π ß æ π» æ Àâæπ ß π â «Àπâ ªæ âõ 8. µ Àπ æ π Ààß «ªìπ â Õß ÕߺŸâ ÕÀÿâπ «µ Õ ß ÕߺŸâ à«π Ë «âõß µà ªØ µ µàõ ÿ À à π Èπ â««à π 9. π π π ß ß «º Õ Ë µàõºÿâ Õ Àÿâπ ºŸâ à«π Ë «âõß µàõ ß à«π «10. π π µ Àπ ß «º Õ µàõ ÿ π ß Ëß «âõ æµàõ ÕߺŸâ ÕÀÿâπ ºŸâ à«π â (µ À âõ 2, 3 4) œ Àâ «æµàõ Ààß «ªìπ â Õß ÕߺŸâ ÕÀÿâπ ªØ µ µàõºÿâ ÕÀÿâπ ÿ Õ à ß à π π ª ÿ ºŸâ ÕÀÿâπ Ëߪ µ Àâ ªï 1 Èß π«π «π Ë Ë À œ â àß âõ Ÿ Ÿ µâõß â«π À⺟â ÕÀÿâπ â æ à«ßàπâ àπâõ «à 7 «π ß π â ª ÿ ªìπ ª «ß π à«ßàπâ àõπ ª ÿ à πâõ «à 2 Ë«ß ªî Õ À⺟â ÕÀÿâπ â ß «ÀÁπ π ˪ ÿ â ÿ «Èßπ È πªï 2547 œ Ë π π æ Ë ß Õ Àâ ºŸâ ÕÀÿâπ Àâ Õ ªìπ ºŸâ Õ Õ π ºŸâ ÕÀÿâπ π ˺Ÿâ ÕÀÿâπ à â ૪ ÿ â À ºŸâ à«π â œ â Àâ «Ÿ Àâ «Ëπ «à ÕߺŸâ à«π â â ÿâ Õß ªØ µ â«π πÿπ Àâ à«õ π À«à ß ºŸâ à«π â æ ËÕ â ß «Ëπ ß Àâ à «â Ë µàõ π π à«π Õßæπ ß π œ Àâ Ÿ æπ ß π π â 𠫪 Õ Àâ «µà ßÊ ßπ È -ÀâÕßæ Õß - Sport Club À ÕÕ ß æ âõ ÀâÕß Fitness Ëß Õÿª å π «à πè µ π for the best interest of the company by establishing transparent working procedure. 5. Rationally and transparently disclose the companyûs information in full without affecting rightful interest of the company. 6. Focusing on fulfilling customers satisfaction, always listening to and emending by customersû comments. 7. Developing its employeesû potentials to progress in hand with company by providing and establishing code of ethics and statement of business conduct. 8. Respecting and recognizing the rights of shareowners and each stakeholder with equitable treatments. 9. In operation, the company shall considerately show responsibilities toward shareowners, stakeholders and society as a whole. 10. Operation businesses with concern and taking full responsibilities for community, society and surrounding environment. Respect to the rights of shareowners and stakeholder (principles # 2,3 and 4) The company recognizes the rights of shareowners and all shareowners are treated with equal respect. The shareownersû meeting is held once a year at a date, time, and venue deemed appropriate by the company. The complete information is delivered to the shareowners for consideration at least 7 days prior to the date of the meeting. The registration must be made at least 2 hours before the meeting starts. The shareowners are given opportunities to ask questions and express their opinions at all times during the meeting. In the year 2004, the company shall provide additional alternatives to shareowners by authorizing independent directors to act for the shareowner who is unable to attend the meeting. For stakeholders, the company guarantees that their rights will be honored and treated appropriately. Cooperation between the company and stakeholders is encouraged so as to establish stability in the business dealing as well as good understanding between both parties. For the employees, the company provides security and a variety of welfares as follows: - Nursing room - Sport Club with fully equipped fitness room and standard swimming pool. 87 A good-hearted family will be blessed with all the best in life.

12 ß πª ªï 2546 >> å â ß «ÿ ««ß æ ËÕª«ß π - à àß Àâæπ ß π ÿ æ Ë Áß ß Õ àπ - øÿµ Õ - µ πµ π - «à πè - ππ - ªîߪÕß - AROBIC πè Àπ - «å Ëß - Smart Jogging - æ æ ËÕ ÿ æ - Day Care π È ß ÿµ æπ ß π - ÀÕæ À æπ ß π Ë π ß ªªØ µ ß πµà ß ßÀ«- ÿ øõ å Àâ æπ ß π ÿ º µ ±å -ÀâÕß ÿ Õß - «ç é Õß æ ËÕ à Õ π ËÕ âõ Ÿ Àâæπ ß π Ë«ª» â - Õß ÿπ Õß È ß æ æ ËÕ ÕÕ ß π πõπ µ - ß π ÀπÁ Àâ æπ ß π ÿ π ËÕ Õ ÿ ß π - ß ß π Ÿâ æ ËÕ ËÕ ŸàÕ» à«π Õ ß Àå π ÕÕ π πõ µ Õ È µë - Incentive Àâæπ ß πµ º ß π - π Àâæπ ß πµ º ß π - - àß æπ ß π Ë ß π - Ωñ Õ π Èß π àßõ πõ Àâ æπ ß π æ ËÕ àß æ π «Ÿâ «- â ß» æ Ÿâ - Break Through - Sales - Marketing - Creative Sales Presentation Contest (CSPC) - Office Presentation Contest (OPC) - «ÈÕ π â æ» æ ËÕ à«õß æ Õßæπ ß π œ Àâ «µàõ Õß ÿ π ß Õ à ß Ë Õ â «Àâ ß π«õ â æ ËÕ ªìπÕ À ß«π à Á π π ËÕß Õ æ «µõ å Àâ «Õ â ß µà ßÊ æ ËÕ π πÿπ - çsport Assemblyé to promote employeesû heath, for example: - Football Club - Badminton Club - Swimming Club - Tennis Club - Table - Tennis Club - Aerobic and Weigh - control Club - Bowling Club - Smart Jogging Club - Body - Building Club - Day - Care Nursery for employeesû children - Dormitory for employees who have to work in upcountry - Uniforms for sales representatives - Library - Companyûs journal çsai Yaié to convey companyûs policies to employees nationwide. - Provident fund - Retirement fund - Low interest rate loan housing project in cooperation with Government Housing Bank and Saving Bank - Incentive project for employees in accordance with their performance - Bonus for the employees in accordance with their performance - Transportation for employees who work late at night - In house and outside training and seminar to enhance their knowledge and skills - Activites to enhance employeesû capabilities and perception - Break Through - Sales - Marketing - Creative Sales Presentation Contest (CSPC) - Office Presentation Contest (OPC) - Products at special price for employees in order to support their better standard of living The company regularly plays an important role in social activities such as donating rice to students at çwat Dokmai Schoolé as well as donating computers to Dokmai Temple for its further use. Other several projects have also been organized to support social activities as can be seen in the section çsocial Activitiesé page ª. «π π ßàÀ Õ Ÿ â æÿ 88

13 ß ß πà À Ÿª µ ß ß Àπâ 8-9 π ß πª ªïπ È ß â ß Àπâ Ë (µ À âõ 5, 8, 9, 11, 12 14) 1. π«π 13 à π ª Õ â«- ª π 1 à π Ëß «ªìπÕ à â ªìπºŸâ À - Ë à â ªìπºŸâ À 1 à π - µ «Õ 3 à π - Ë ªìπºŸâ À 8 à π ª Õ â«ë ªìπÕ àπâõ «à Àπ Ëß π Õß π«π Èß ªí ÿ π œ Ë ªìπÕ Ë à ªìπºŸâ À π«π 4 à π ª π ªìπ Ë â ªìπ ºŸâ À à ªìπ ÿ «ª π À æ ËÕ ªìπ àß Àπâ Ë π À ß π «ßµ Àπàß µ âõ ß Õß ËÕ «â«õ â Õ µ Èß â ßµ ÀπàßµàÕ ª âõ Àπâ Ë π Àπ π ªÑ À ÿ å ß ÿ µ Õ πµ µ º π πß π Õß µàßµ Èß À µ «Õ æ âõ Àπ Õ µõ π Àπâ Ë «º Õ Õß µà ÿ æ ËÕ π πß π Àâ ªì𠪵 π «µ ÿª ß å Õß â Àπ ª ÿ «â à«ß Àπâ µ Õ Èߪï Èπ ÿ Õπ πÿ àß À ª ÿ æ âõ Èß «ª ÿ Õ ª Õ ª ÿ Àâ ËÕß Ë æ à«ßàπâ µ «Ë ÆÀ Àπ πõ ËÕß æ Ë µ 𫪠ÿ Õ ª Àâ «ÀÁπ â ªî º Á ß π ª ÿ ˺à π Õß æ âõ Àâ ºŸâ Ë Ë «âõßµ «Õ â πªï 2546 ª ÿ π«π 11 Èß ª ÿ «π 1 Èß â ૪ ÿ Õß µà à π ÿª â ßπ È page 8-9 in this annual report. The Board of Directors: the structure and responsibilities (principles # 5,8,9,11,12 and 14) 1.The Board of Directors The Companyûs Board of Directors comprises of 13 members as follows : - Independent & non-management Chairman 1 person - Non-Management Director 1 person - Audit Committee Member 3 persons - Management Director 8 persons Companyûs Board of Directors consists of Independent Directors at least one - third of all the Directors. At present, the company has four independent non management Directors and non-management Chairman who has not held the same position as Chairman of management Board, in order to diversify management responsibilities. The directorsû term in office is as specified in the Companyûs Articles of association and at the end of the term, each of them may be re-elected. The Board of Directors has certain responsibilities to set up policies, objectives and business strategies as well as monitoring the companyûs operation by appointing the Executive Board and Audit Committee while assuring that each of this committee group has clear role and responsibilities to ensure that all the operation and performance meet the companyûs policies and objectives. The Board of Directorsû meeting has been set in advance to be monthly held for the whole year. Prior to the meeting as set by the Law, the secretary of the board will send an invitation letter together with the meeting agenda as well as any relevant documents to the board for consideration. Directors can submit any additional items to the agenda and can openly debate any comments. The minutes of the meeting which has already been approved and certified by the board are properly kept for any further review or audit by the board and any relevant parties. In 2003, the companyûs Board of Directors held 11 meetings and 1 meeting by circulation letter with agenda. The attendance of each board member is as follows: 89 The wise and the fool can be distinguished by their speech.

14 ß πª ªï 2546 >> å â ß «ÿ ««ß æ ËÕª«ß π ËÕ π«π Èß Ë â ª ÿ Attendance Name 1.. µÿ» æ å 12 Som Chatusripitak Ph.D ÿ ÿ Ï «π 11 Boonsithi Chokwatana ÿ ÿ µ «π 10 Boonkiet Chokwatana æß å «µ» 11 Thiraphong Vikitset Ph.D ÿ Õ Õ»«π π å 9 Amorn Asvanunt ÿ ª å Õ πµ 9 Prachak Assuntajai ÿ ÿ «π 2 Boonchai Chokwatana ÿ π «12 Daranee Manawanitjarern ÿ «Ãπ ßÀå 12 Somkid Chakawalnorasingh ÿ ÿ æ π å «ÈÕ 11 Chumaphan Wichienkuer ÿ æ πå 8 Somphol Chaisiriroj ÿ µπå «π 12 Thamarat Chokwatana ÿ «º πÿ 10 Vittaya Cherapanukom 13. âµ Àπ ß «Õß ß π ß ß π Ë Ÿ µâõß «πà ËÕ Õ Àπ Àâ ß π «º Õ Õß µàõ ß π ß ß π 2. Õπÿ â µàßµ Èß Õπÿ ÿ µà ßÊ ªí ÿ πª Õ â«à µ «Õ - À Õ ÿ Ë â Õ À π«π 8 à π Àâ Àπâ Ë ß π Õß Õ π Àπâ Ë «º Õ µ Õ µõ π Àπâ Ë Àπâ π ß π ª ªïπ È ª ÿ ÿ ª Àå - µ «Õ Õ Ë ªìπ Õ π«π 3 à π «ßµ Àπàß «2 ªï Õ π Àπâ Ë «º Õ µ Õ µõ π Àπâ ËÀπâ 83 π ß πª ªïπ È ª ÿ àπâõ «à µ 1 Èß - œ ß à µàßµ Èß Àπ à µõ π À π ËÕß Õ Ÿà À«à ß» âõ Ÿ æ ËÕ µ Èß œ «π æ à µõ π Ë À â âõ Ÿ à µõ π Õß πõÿµ À «π π â ß π «Èߺ ª Õ Õß «ÕߺŸâ À π ÈπÊ ª Õ æ Õß µâõß â Õ µ Èß Ëª ÿ ºŸâ ÕÀÿâπ The Board of Directors is aware of the significance of accurate and reliable financial statements and authorizes to make the report of the Board of Directorsû responsibilities on financial statements preparation. 2. The sub committees The Board of Directors appoints various sub committees which currently include the Executive Board and Audit committee. - The Executive Board is a group of 8 persons authorized by the Board of Directors to carry out corporate operation under the topic çroles and Responsibilitiesé as stated in the page of this annual report. Meeting of this board will be held every week. - The Audit Committee is a group of 3 independent directors who will be in the office for 2 years. Their responsibilities are set under the topic çroles and Responsibilitiesé as stated in the page 83 of this annual report. Meeting of this committee will be held not less than once per quarter. - At present, the Remuneration Committee and the Procurement Committee have not been established due to the setting - up process is now under study. But there are basic procedures to consider an appropriate remuneration based on the information of type and size of the same industry including the companyûs performance and qualifications of each management. The appointment of the Companyûs directors has been done by a resolution of Shareownersû Meeting. ª. «π ß π Áº æ πâõ Áº æ πâõ 90

15 «âß Õߺ ª πå (µ À âõ 6) œ π«ßªø µ Ë π π Ÿ æ ËÕ ªí À «âß ßº ª πåõ à ß Õ Õ â««àµÿ º ËÕ «âß Õߺ ª πå œ â âß ªî º µàõ ˪ ÿ ÿ Ÿ à Ÿà Àµÿº «ªìπ Õß ß à «µ À ±å Õßµ À æ åœ πõ π È ß â ÿª «â π ß πª ªï 56-1 â«œ Ÿ ËÕß â âõ Ÿ π Àπ «â π æπ ß π Àâ À⺟â À æπ ß π ËßÕ Ÿà πàπà«ß π Ë âõ Ÿ π ÈÕ À æ å Õß à«ß 1 Õπ àõπ ªî º ß ß π à π «âπ ÈÕ µ ÿ µ ª µ Ëß à Ë «π ËÕß âõ Ÿ π ß à «ÿ (µ À âõ 7) œ â ÿ æ ËÕ Àâ ºŸâ À æπ ß π Õß Õ ªìπ π«ß π ªÆ µ µàõ ºŸâ ÕÀÿâπ Ÿ â æπ ß π Ÿà â Ÿà àß π ß â ß Ëß «âõ πõ π Èπ œ âª» â æπ ß π æ ËÕ ªìπ π«ß π ª æƒµ ªØ µ µπ ÕߺŸâ À æπ ß π π Àπâ ˵ Õß â«µ π Ë à µõ π (µ À âõ 10) ˪ ÿ ºŸâ ÕÀÿâπÕπÿ µ «ß ß π à µõ π Õ À Àâ ªìπºŸâæ à µõ πºÿâ À ªì𠪵 À π Ë À Àπ Ëß Õ âõß º π πß π ÕߺŸâ À µà π «ÿ µ «Õ π À «Ë ß (µ À âõ 13) Àâ «µàõ «ÿ π â π π πß π ß π ªØ µ ß π Ÿ Àπà«ß πµ «Õ π Àπâ ˵ «Õ ªØ µ ß π Õß ß à ««ß ß π Õ æ «µõ å µ Õ π Àâ π π æ ËÕ Àâ «Ëπ «à â π π µ π«ß Ë Àπ Õ à ß ª º «ªìπÕ Àπâ ˵ «Õ à«ß ÿ âõ à ß µá Ë Conflict of Interest (principle # 6) The company has clear guidelines in preventing conflicts of interest and ensuring all conflicts are solved reasonably. Transactions that may bring about conflicts of interest will be disclosed. The company will announce the resolution of the meeting, specifying the value, transactions, both parties, necessities of such transactions as required by the SETûs regulations. The summary of transactions is also shown in the companyûs annual report and form The company ensures an appropriate access through the companyûs inside information by enforcing the code of conduct set in the employeeûs ethics. Management and staff working in the divisions with access to inside information are not allowed to buy or sell the companyûs stocks within the period of one month prior to the disclosure of the companyûs financial statements to the public. This excludes the normal transactions which are not related with the said information. Business Ethics (principle # 7) The company has issued a business ethics which the Board members, the Management and the staff are to follow when dealing with the company, shareowners, customers, employees, trade partners and competitors, the society and the enviroment. The company also implements an employees ethics as guidelines for the Management and all employees to carry out their jobs conscientiously. The Directorsû Remuneration (principle # 10) According to the Shareowners Meeting, a resolution was passed to approve an amount of remuneration to be paid to the directors. For the authorized allocation consideration must be done by the Board. Remuneration is decided and based upon the principles and policies set by the Board of Directors as well as the performance of each director. Controlling, Internal Audit and Risk Management Systems (principle # 13) The Board of Directors is aware of the significance of the companyûs internal control systems in monitoring its operation, finance, and corporate governance. The companyûs internal auditing unit checks on those systems which include the computer system providing consultation to ensure the efficiency and independence in their capacity as auditors. 91 To work more is to err more; to work less is to err less.

16 ß πª ªï 2546 >> å â ß «ÿ ««ß æ ËÕª«ß π ß Àπ ÀâÀπà«ß πµ «Õ π ß πº µ «Õ µ ßµàÕ µ «Õ â Àâ ª π «Ë ß «π Àπ µ «ÿ ªÑÕß π «Ë ß ËÕ Èπ Àâ «µ Õπ à«ßàπâ «º ª µ Ë π ªî º âõ Ÿ «æ π å ºŸâ ß ÿπ (µ À âõ 15) œ Àâ «µàõ ªî º âõ Ÿ Ë «ª àß Ë«ß â º æ à âõ Ÿ à «µà ßÊ æ ËÕ Àâ ºŸâ ß ÿπ ºŸâ Ë Ë «âõß â ºà π àõß ß ËÕ º æ à âõ Ÿ µà ßÊ Õßµ À æ åœ ºà π ß web site : Õß à«πß π â π ºŸâ ß ÿπ æ π å œ ß à â µ ÈßÀπà«ß π æ Èπ π ËÕß ß à «ß à µà œ Àπ Àâ Ë Àπâ Ë æ Ë Àâ âõ Ÿ à «µ Ëπ ß ÿπ ºŸâ Ë Ë «âõßµâõß µ µàõ â Ë : ÿ π «ºŸâÕ π«ωé ß π π»» æ å daranee@icc.co.th πõ π È œ ß Àâ ª ÿ æ ª π «ÀåÀ æ å ªìπª ÿ ªï æ ËÕ ªî Õ Àâ π «ÀåÀ æ å â âõ Ÿ µà ßÊ À ૪ ÿ È ß «ÿ π π ª ÿ Èß Ë 10/2546 ËÕ «π Ë µ «Õ Èß 3 à π â ૪ ÿ ⫵ «Õ âæ «ÿ π Õß Õ... Õ π µõ å π Ëπ π ( À π) π â πõß å æ «âõ À «Ë ß «ÿ ªØ µ ß π ÕßΩÉ À π» ËÕ âõ Ÿ µ µ µ π«ß Ë Àπ µ. â πõ Àâ âõ ÿªµàõ ªπ È Õß å æ «âõ Õß å æ «âõ Õß Ë Àâ ΩÉ À π πß π âõ à ß ª æ ªÑ À π π π ÿ Ë µ µ ª πº π π ß π âõ à ß π À ß π π π Õß «ÿµ The Board of Directors requires that the companyûs Internal Auditing Unit shall report the results directly to the Auditing Committee. Risk evaluation is also carried out and measures are reviewed so as to prevent any possible risks. Importance is given to warning signs and significant abnormalities. Disclosure of Information and Relationship with Investors (principle #15) The company recognizes the importance of transparency in the disclosure of information to all. News and information are distributed to investors and parties concerned through various channels and media of SET and on the internet at the companyûs web site : Regarding the investor relations, no specific unit has yet been set up at the moment due to its small scale of transaction. However, the company has appointed a specific board to oversee and provide any news or information on such activities if requested by investors and parties concerned via following contact person and address : Mrs. Daranee Manawanitjarern Vice President Accounting, Finance and Information Technology Tel Fax daranee@icc.co.th Moreover, the company has held an annual meeting with security analysts in order to give an opportunity for them to question for variety of information from the companyûs board of directors. Internal Audit In the Board of Directorsû Meeting # 10/2546 held on January 16, 2004, which was attended by all the three independent audit committee members, the audit committee had reviewed the internal control system of I.C.C. International Plc. In regard of the organization and corporate environment, risk management, control of executive operation, information technology and communication systems and monitoring according to SECûs direction and guideline and proposed to the assessment to the Board of Directors for acknowledgement which could be concluded as follows: Organizational Control and Environment Measure The organization and corporate environment are favorable to the efficiency of administrative operation, with specific goals in business that are clearly disclosed to monitor and assess corporate ª. «π à«à ÕºŸâÕ Ëπ Õß π π ßà Àâ ÿ ß 92

17 π ß ß «ªìπ µàõ Ÿ â ªìπ À «Ë ß π æ À «Ë ß œ ªî Õ Àâ Õ ª π ËÕß Ë Ë «âõß «Ë ß π π π ÿ π ˪ ÿ Àâ ˪ ÿ â µ Àπ ß æ Õß «Ë ß ß ÿ Ë µàõ Ëß ªìπª πåµàõ À «Ë ß æ ËÕ Àâ ª æ π À «Ë ß æ Ë Èπ «ÿ ªØ µ ß π ÕßΩÉ À œ Àπ Õ µõ π Àπâ Ë «ß ß πõ π Õπÿ µ ÕßΩÉ À π µà «âõ à ß π ªìπ åõ π Ë ÿ ºŸâ ÕÀÿâπ À à ºŸâ À À ÕºŸâ Ë Ë «âõß ÿ ß à «µ «Õ â πõ π Àâ æ π ±å π ÿ µ µ ÿ ß à «æ ËÕ Àâ «π π Õß ÿ º ª πå Ë â ÿ ß à «π» ËÕ âõ Ÿ œ πõ âõ Ÿ Õ à ß æ ßæÕ æ ËÕ Àâ æ π «πª ÿ à«ßàπâ Õ à ß æ ßæÕ Õ à ß ªìπ ªìπ åõ µ «Õ â πõ π Àâ àß âõ Ÿ À ª ÿ à«ßàπâ π «Ë «æ ËÕ Àâ âæ àõπ«π ª ÿ π µ «Õ Õß ºŸâµ «Õ à â ß π«à π Õß ßº Ë ËÕ𠫪ìπ ß µàõ à ß µ µ œ Àπ ªÑ À π π ÿ µ µ â ËÕº π πß π µ µà ß ª ªÑ À «â π Õ à ß ªìπ ªìπ åõ 2. Õ Ë âßµàõ 2.1 à«π â à«à µ ßÀ Õ ÕâÕ π Ê Ë Èπ À«à ß Õ ªï - à - 3. º ª πåµõ π Àÿâπ Àÿâπ Ÿâ Ë â πªï à - 4. ª πåõ à ßÕ Ëπ Ë â - à - performance. The administration is primarily built and based on integrity and fairness to the customers. Risk Management Measure Considering risk management, the company has opened up an arena for discussion to the Board of Directors on risk related issues. Thus, making the executives aware of all business risk nature that are beneficial to risk management. Management Control Activities Approval authority limit for each managerial level is clearly written. The audit committee has recommended the Board of Directors to set up criteria in dealing with major shareowners, directors and related parties, monitoring those transactions to obtain the clearness and profits that may occur. Information and Communication Measure The company always provides comprehensive information to the Board of Directors for review in the meetings and set up meeting date well in advance, systematically and in writing. Audit Committee has recommended that the agenda and related data be sent to the Board of Directors well in advance for prior review. The Audit Committeeûs report had indicated no discrepancies in corporate report and accounting policies. Monitoring The company has, in writing, clear definition of goals for business operation, monitoring and solution in case operation deviates from the goals. 2. Details informed to the Company by Directors 2.1 Direct or indirect advantages or disadvantages occured from any agreements made by the Company during 2003 accounting period. - None - 3. Benefits, Shares, Debentures given to Directors by the Company in None - 4. Other benefit given to Directors by the Company - None - 93 Help others and be optimistic when judging people as this will bring peace of mind.