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EN_Tipco_Annual Report 2014

ANNUAL REPORT 2014 In 2014, the Board of Directors conducted a self-assessment exercise on com-pliance with the Good Corporate Governance Principle based on a question-naire which covered 99 sub-items, as prepared by the Corporate Governance Center, Stock Exchange of Thailand, in August 2007. This questionnaire was filled by each director prior to the Board meeting during which views and opinions were exchanged before the Board concluded that the following sub -items had either not been implemented or else full implementation could not be ascertained: Proposal of meeting agenda by minor shareholders in advance Since 2008, the Company has notified minor shareholders of their right to propose agenda items for Annual General Meetings of Shareholders as well as applicable criteria on its website. The Chairman of the Board of Director being an independent director Compliance with this practice has not yet been demonstrated because the major shareholders are not ready for the change and no independent direc-tors intend to assume the position. Clear office term of directors The limit of consecutive office term of directors has not yet been determined due to concerns regarding difficulty in seeking qualified candidates for the position of director and the number of qualified persons listed by the IOD as chartered directors is very small. Clear office term of members of subcommittees The office term has not yet been clearly set due to the same reasons for lack of clear office term of directors. Policy on service as directors of other companies in a suitable manner According to the applicable policy, a director can serve as a director of up to 3 listed companies. However, there is no restriction on service as directors of companies which are not listed companies.


EN_Tipco_Annual Report 2014
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