Aggregation or Segregation of Management
The Company has clearly stipulated the segregation of the authority and duty of the management to approve and manage in the Company and its subsidiaries. This is further delineated by type of business transactions in different categories: management, human resources, investment, finance, production and procurement of goods, fixed assets, expenses, approval of connected transactions, and authorization for payments to bank accounts, all of which are included in the Company’s Authorization and Procedure Manual issue 1/2002 dated 30 October 2002, and policies on authorizing connected transactions amended with approval by Board of Directors’ Meeting No. 5/2004 on 15 November 2004, in accordance with changes announced by the SET.
