ENP Newswire -
Release date- 20022014 - Reference is made to
Agenda Item 1 To acknowledge the 2013 Performance Results and 2014 Work Plan of the Company
The Board of Directors' Opinion: The meeting should acknowledge the 2013 performance results including the financial statements and other matters as illustrated in the 2013 Annual Report and the Sustainability Report. The meeting should also acknowledge the Company's 2014 work plan which will be presented in the meeting as proposed.
Agenda Item 2 To approve the 2013 financial statements
The Board of Directors' Opinion: The meeting should approve the 2013 financial statements which have been audited by the Auditor and reviewed by the Audit Committee. The Board of Directors has also endorsed the financial statements.
Agenda Item 3 To approve the dividend payment for 2013
The Board of Directors' Opinion: The meeting should acknowledge the interim dividend payment and approve the dividend payment for the second half-year operations of 2013 at the rate of
The total dividend of 2013 will be
Agenda Item 4 To appoint the Auditor and consider the Auditor's fees for 2014
The Board of Directors' Opinion: The meeting should approve the appointment of the
Agenda Item 5 To approve the directors' and the sub-committees' remuneration
The Board of Directors' Opinion: The meeting should approve the remuneration package of the Board of Directors and sub-committees for 2014 and onwards which is the same as that of 2013, except for the bonus. The Board of Directors would receive the bonus at the rate of 0.1% of net profit based on the Company's financial statement. However, the bonus payment would not exceed
It has been agreed that the bonus to the Board of Directors should be increased after a thorough consideration by benchmarking the current bonus with the bonus paid to directors of leading listed companies as well as taking into account shareholders' suggestions from the 2013 AGM, in which shareholders recommended that the current level bonus might not be attractive to directors and that linking the bonus to the Company's net profit would a better option.
As a result, the Board of Directors bonus should still be paid at the rate of 0.1% of net profit but the existing limit should be increased from
Agenda Item 6 To approve the appointment of new directors in replacement of those who are due to retire by rotation
The Board of Directors' Opinion: The meeting should elect 5 director nominees as screened and proposed by the Nominating Committee namely, (1) Mr. Suthep Liumsirijarern (2) Mr. Ampon Kittiampon (3) Mr.
Agenda Item 7 Other Matters
The Board of Directors' Opinion: The meeting should not consider any other matters proposed at the meeting. This is to comply with the Principles of Corporate Governance for Listed Companies 2012 and the Annual
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