Shareholders’ Rights and
Equal Treatment of Shareholders
The Company has a policy of treating all shareholders equally in that shareholders have the right to: receive stock certificates and transfer stocks; be notified of all Company’s news and information consistently, accurately, and in a timely manner; receive dividends and any other benefits from the Company; attend shareholders’ meeting, express opinions and suggestions and consider important changes; and receive information about or approve of significant connected transactions, wherein the Company facilitates all shareholders on an equal basis. The date, time and venue for shareholders’ meeting are set and invitations sent out in advance together with the list of identification documents required to attend the meeting. In addition, shareholders can send a proxy or authorize the Company’s independent director to vote on behalf of the shareholder in the event that the shareholder is unable to personally attend. The Company will use ballot cards to vote on topics that require special resolutions from shareholders like increasing capital, changing company regulations or amendments to the Company’s articles of association, which will allow greater transparency and is used for verification purposes in the event of disputes.
Shareholders are given equal opportunity and encouraged to ask questions and express their views at Annual General Meetings. All members, and the Chairmen in particular, of the Board of Directors and all Committees, are encouraged to attend the shareholders’ meeting to provide details in the shareholders’ meeting.
In 2009, the Company has issued additional measures so that minority shareholders can participate in the 2010 Annual General Meeting, by being notified of the meeting’s agenda ahead of time and submitting the list of qualifications of nominees suited for directorship through the company’s website www.gmmgrammy.com under the heading “Investor Relations”. During 18 December 2009 to 31 January 2010. Yet, no shareholder proposed any agendas or qualified and suitable candidates for the Company.
Moreover, the Company posts its invitation letter to the Annual General Meeting, supporting documents, proxy forms and other necessary information in Thai and in English, on the Company’s website (www.gmmgrammy.com) for at least 30 days before the meeting, in addition to sending the actual documents to shareholders, for their support in making their voting decision. The Company also posts the minutes of the Annual General Meeting on the Company’s website within 14 days after the Meeting has concluded.
