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EN_Tipco_Annual Report 2014

TIPCO FOODS PUBLIC COMPANY LIMITED PAGE 058/ 059 Critical Success Factors and Excellence were translated into concrete op-erational goals by integrating the objectives of individual employees, depart-ments, divisions/business units and transforming them into drivers of Cor-porate Goals and Vision. Corporate policies pertaining to Quality Assurance and other critical factors focused on enhancing Customer Satisfaction through key drivers such as Personnel, Operational Processes, Safety, Environmental and Social welfare. The objective of this exercise was to create Work Ethics and organizational commitment to good business practices, thereby becoming a role model for the community and the nation. The Board of Directors also established the Corporate Governance Sub-committee consisting of all directors of the Company, and adopted the Policy on Good Corporate Governance and Code of Conduct as disclosed in the Company’s annual report and TIPCO website. To encourage employees’ adherence to the good corporate governance philosophy, the Company initi-ated a campaign to promote employee awareness and understanding of good corporate governance principles. In 2014, the Corporate Governance Sub-committee approved the adoption of the SET’s 2012 Principles of the Good Corporate Governance for Listed Compa-nies. Corporate practices which accord with the said principles are described as follows: Rights of Shareholders Annual Shareholders’ Meeting During the 2014 Annual General Meeting of Shareholders, 10 directors, includ-ing the Chairman of the Audit Committee and the Chairman of the Nomina-tion and Remuneration Subcommittee, attended the meeting; one director, Miss Roumsin Supsakorn, was absent on overseas assignment. The Company convened the meeting in accordance with every legal requirement regard-ing announcement of the meeting, submission of documents, notification of the meeting agenda, timely dispatch of adequate information to shareholders prior to the meeting, absentee shareholders’ appointment of independent di-rectors to act as proxy and to exercise their vote at the meeting. (Refer to the “Equitable Treatment of Shareholders” for detailed information.) Barcode registration system installed at the Annual General Meeting of Shareholders in 2014 enabled speedy processing of data pertaining to the number of par-ticipating shareholders and the voting result on each agenda item. Prior to the commencement of the meeting, the Chairman of the meeting informed shareholders of the procedure for voting on paper ballots. The vote counting process was witnessed by representatives of independent directors, auditors and company employees. The meeting was videotaped to ensure transpar-ency and accountability. Furthermore, all shareholders were given equal op-portunity to examine the Company’s report on operating results in detail, raise questions, and express opinions. Minutes of the meeting were also disclosed on the company’s website. Since 2008, the Company has allowed appropri-ate time and opportunity for minor shareholders to propose agenda items and nominate candidates for directorship on the company’s website prior to the Annual General Meeting of Shareholders. The Company’s 2014 Annual General Meeting of Shareholders was rated “Excellent” with 98.25points out of 100, compared to the average score of 91.17 points for all listed companies.


EN_Tipco_Annual Report 2014
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