REPORT OF THE CORPORATE GOVERNANCE COMMITTEE
To Shareholders of Univentures Public Company Limited ,
The Corporate Governance Committee of Univentures Public Company Limited (the “Company”) consists of 4 committees appointed by the Board of Director’s meeting with the term in position of 3 years. In 2017, the committee held two meetings and always reported the results of the meetings to the board of directors of the company. The attendance of the individual committee members are as follows:
Mr. Tithiphan Chuerboonchai Chairman Meeting attendance 2/2
Mr. Suwit Chindasanguan Member Meeting attendance 2/2
Mr. Panote Sirivadhanabhakdi Member Meeting attendance 2/2
Mr. Worawat Srisa-an Member Meeting attendance 2/2
The key roles of the committee are as follows:
Reviewing supervisory policies and the code of conduct In 2017 it asked the board of directors to approve the improvement of the supervisory policies of the company to be in compliance with the principles of good corporate governance for listed companies and proposals from the Thai Institute of Directors (IOD).
Monitor and supervise the corporate governance policies and Code of Conduct of the Company to develop into corporate culture incorporating good corporate governance and business ethics as part of the Company’s corporate governance policy presented to the orientation of the new employees for them to sign in the certificate of compliance with the Code of Conduct.
Review and stipulate the policies, responsibility plan to the community and environment as well as monitoring the implementation of projects and activities completely and continuously.
Supporting the evaluation of the performances of the board of directors, all committees, directors and committee members – The evaluation models of the IOD and the Stock Exchange of Thailand were applied so that evaluation results will lead to their better efficiency. Evaluation results were reported to the board of directors and shareholders of the company.
Encourage the minority shareholders to propose the agendas of the shareholders’ meeting and submit the questions about the Company prior to the Annual General Meeting of Shareholders via the website of the company from 1 July 2017, to 30 September 2017, in accordance with the Securities and Exchange Act and the principles of good corporate governance.
Considering plans and practices in relation to possible participation in the Collective Action Coalition against Corruption (CAC).
With the determination of the Company in operating based on the principle of good corporate governance coupled with the responsibilities on the society, community, and environment continually, the Company received the evaluation on the corporate governance of the listed companies for the year 2016 in the “excellent” or “5 Stars” level from the survey of the Thai Institute of Directors (IOD) for two years in a row in 2016 and 2017 and received the perfect score of 100 from the annual general meeting in 2017 which is the seventh consecutive year of the perfect score from 2011.
(Mr. Tithiphan Chuerboonchai)
Chairman of the Corporate Governance Committee