The holding of position of director in too many companies by the President of the Executive Committee and the Managing Director may affect the performance of duties for the Company. The Company?s Board of Directors has, therefore, established the policy on holding of position of director in other companies by the President of the Executive Committee and the Managing Director for maximum benefit of the Company in order for them to devote more time to perform their duties effectively according to the resolution of the Board of Directors? meeting No.12/2555 held on 18 December 2012 as follows:
The President of the Executive Committee and the Managing Director can hold positions in Supalai Public Company Limited and its subsidiaries and associated companies.
To be a director in other companies, of which the business is similar to or competitive with the business of the Company, a request must be submitted for opinion of the Audit Committee prior to submission for approval by the Board of Directors and the shareholders respectively before being appointed to such position.
The holding of position of director in any organization other than specified in Clauses 1 and 2, which when combined is more than 5 places, must be approved by the Board of Directors? meeting before being appointed to such position