Rights of Shareholders
In order to increase transparency and capability in competitiveness of the business as well as to strengthen confidence of shareholders, investors, and all related parties,
the Board of Directors then determined the guideline for protection of the fundamental rights of the shareholders (e.g. the right to sell, purchase or transfer shares, the right to profit sharing of the Company, the right to sufficient information of the Company, the right to attend meetings for casting their votes in the shareholders meeting, etc.) and also considered to ensure that all issues under the applicable laws and also not specified in the laws have been considered and/or approved by the shareholders. Furthermore, the Company recognises the importance of caring and protection of the rights of every shareholder which cover the following principles:
Rights of Shareholders
(A)
The Company has a policy to disclose complete, accurate, and transparent information of the Company in various aspects, equal treatment to all shareholders, which include the shareholders’ rights and such matters that affect the Company, e.g. the right to vote in shareholders’ meeting, the right to receive dividend, the decrease or increase in share capital, etc., and to comply with all laws and regulations in respect of certain important matters that require consideration and/or approval from the shareholders. The Board of Directors will ensure that such matters are included for consideration at the shareholders’ meeting.
(B)
The Company provides information about the shareholders’ meeting by sending the invitation letter along with the meeting agenda, Thai and English version, within sufficient timeframe (14 days prior to the meeting date). The invitation letter and the meeting agenda contain details of the meeting including date, time, venue, agenda of the meeting and other necessary information required for decision making process together with comments from directors for each agenda, and proxy form for shareholders who are unable to attend the meeting, etc. Furthermore, the Company also advertises this information on the Company’s website (www.sansiri.com), 30 days ahead of the meeting date. This provided shareholders with enough time to examine the information.
(C)
The Chairman of the meeting allocates sufficient and appropriate time and facilitates the meeting according to the agenda. During the meeting, the Chairman allows shareholders to freely express their opinions and raise their questions in relation to the Company’s business.
(D)
The Chairman of the Board, the Chairman of the Sub-Committee, and all directors (unless with reasonable cause) are to attend the meeting and answer the questions from shareholders.
(E)
The Company operates business with efficiency, transparency, accountability, and sufficient information disclosure to all related parties for the utmost benefits of shareholders.