ANNUAL REPORT 2014 directors to freely express their opinions without setting the time limit on each agenda. These contributed to their sense of accomplishment and wor-thiness as they were given the opportunity to best contribute to the organi-zation. The Audit Committee conducted self-evaluation and agreed that it fulfilled its duties as assigned and complied with rules and requirements of the Stock Exchange of Thailand and the Securities and Exchange Commission. In ad-dition, the Audit Committee held meetings with the external auditor and the internal auditor, both jointly and separately, and with the directors without management present. The meeting results were reported to the management for improvement and rectification. The Audit Committee also undertook the responsibility of auditing financial statements and examining conflict of in-terest. The Nomination and Remuneration Subcommittee conducted self-evaluation and identified that its performance fully complied with established policies. The Managing Director conducted self-evaluation and was evaluated by the Nomination and Remuneration Subcommittee and the Board of Directors. The evaluation was based on his performance and achievements such as the Company’s operating results, business performance scorecard, individual goals (SMART goals), achievement of business targets, budget and action plans etc. The Board of Directors evaluated the performance of the Audit Committee and opined that the Audit Committee could effectively and completely fulfill its duties, enabled the Company to be aware of all associated risks, and pro-vided recommendations which were based on correct and sound principles. The Board of Directors evaluated the performance of the Nomination and Re-muneration Subcommittee and opined that the Nomination and Remunera-tion Subcommittee could provide the Company with useful opinions and rec-ommendations in different aspects such as human resources management and salary structure. During the performance evaluation process, no significant areas for improve-ment were identified. The Board of Directors concluded that it operated effectively with proper understanding of its roles and responsibilities as well as insight into the Com-pany’s business and environment, and that each director demonstrated dedi-cation and contribution to the performance of the Board of Directors. Investor Relations The Board of Directors has attached importance to accurate and timely dis-closure of information which included financial reports and generation infor-mation in a transparent manner. The Company established a unit to be spe-cifically responsible for investor relations activities. The said unit is supervised by Corporate Planning Manager, Mr. Ardisak Bueprasert, mainly responsible for coordination with investors. To inquire about the Company’s information, investors may contact us via telephone at 02-2736816 or via website at www. tipco.net or via e-mail at Ardisak@tipco.net. In 2014, the Company has im-proved its website to facilitate ease of access to information of the Company and set up the investor relation section as a separate section on the website.
EN_Tipco_Annual Report 2014
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