Board of Directors and Committee Performance Reports
Board of Directors’ Report
The Board of Directors stipulated that there be an annual performance report over the past year produced for investors and stakeholders. This is to refect the concepts of conducting business ethically and under the guidelines of good corporate governance and corporate social responsibility, so these factors become a part of corporate culture. These reports appear in the section, “Message from the Chairman and Co-Chief Executive Offcers”
The Board is also responsible for the Group’s consolidated fnancial statements (audited and certifed by an external Auditor), and all communications regarding fnancial matters that appear in the annual report. Therefore, the Board has ruled that these fnancial documents be organized according to generally accepted accounting practices, by using appropriate accounting policies which are practiced on a regular basis, and to disclose suffcient key information in the notes to fnancial statements.
The Board of Directors has fled a "Report on the Board of Director’s Responsibility towards the Financial Statements in 2010", along with the Report of Independent Auditor on page 97 of the annual report.
The Board of Directors has appointed the Audit Committee consisting of independent directors to supervise and be responsible for the quality of fnancial reporting and internal control systems. The opinion of the Audit Committee appears in “Audit Committee Report”
In 2010, the Company submitted fnancial reports on a quarterly and annual basis within the period and under guidelines of the Stock Exchange of Thailand, and did not receive any notice from the Securities and Exchange Commission to amend these fnancial statements.
Committee Reports
The Board of Directors has indicated that committees are required to report their performances on a regular basis at the Board of Directors’ meetings and in the annual reports so shareholders are kept apprised of changes, to ensure that the committees perform their duties as assigned, and to support good corporate governance.
