Page 118 - Anual report STi 2022_eng

(5) Development of Directors and Executives Company has established policies and guidelines for the

The Board of Directors will encourage and support business to all stakeholders to be equal, fair, and meet the
directors and executives to get trained to increase and develop requirements of various laws and regulations related as
knowledge, understanding, and skills of acting as directors and follows:
executives, both in business and other courses as well as 1. Shareholders

additional knowledge about corporate governance of the Rights of Shareholders
Company for the benefit of performing duties. In addition, there With shareholders having the right to own the Company
is an orientation for new directors every time, including by controlling the Company through the appointment of the Board
disseminating information and knowledge necessary and of Directors to act on their behalf and have the right to make
beneficial to the performance of duties. decisions about significant changes of the Company, the Company
(6) Assessment of the Performance of the Board gives importance to and encourages shareholders to exercise their
of Directors rights. Also, it will not take any action that violates or deprives the

The Board of Directors will evaluate the performance rights of shareholders consisting of the followings:
of the entire Board of Directors and individually. The Board of 1. The basic rights of shareholders such as the
Directors and sub-committees are required to self-assess their right to buy, sell or transfer shares and shares of the profits
performance (Self-Assessment) at least once a year for the Board of the enterprise

of Directors to review their performance, various problems, and 2. The right to be informed of importance information
obstacles as well as bringing suggestions together to improve about the business suitably.
efficiency and increase effectiveness in performing duties of the 3. The right to attend shareholders' meetings,
Board of Directors. participate in meetings to exercise voting rights in the
In addition, the Company has an evaluation of the shareholders' meeting to appoint or remove directors, appoint
performance of the Chief Executive Officer, using goals and an auditor, and issues affecting the business such as the

criteria for evaluation that are linked to the success of the allocation of dividends, determination or amendment of the
strategic plan. The summary of the evaluation of the performance Articles of Association and Memorandum of Association,
of the Chief Executive Officer is considered confidential information capital reduction or capital increase, approval of special items,
which cannot be disclosed. The results of such evaluation will be etc.
used to determine the appropriate remuneration and incentives In this regard, the Company has policy and guideline
of the Chief Executive Officer, and presented to the Board of that would facilitate the shareholder’s exercise of rights as
Directors' meeting for further approval. follows:

6.1.2 Policies and Guidelines on Shareholders and Before Shareholders’ Meeting
Stakeholders
- The Company will hold an annual general meeting
The Company recognizes the importance of having of shareholders every year. It will be held within 4 months from

a good relationship with stakeholders as it is an important the end of each accounting period. The Company has a support
factor that helps support the Company's business operations policy or encourages all groups of shareholders to attend the
to be able to grow and expand continuously in the future shareholders' meeting, whereby the Company will facilitate
sustainably. Therefore, the Company takes into account the shareholders to fully exercise their rights to attend and vote at
rights of all stakeholders related to the Company which are the meeting. It will not take any action which limits the
stakeholders within the business such as shareholders, opportunity of shareholders to attend the meeting and use
employees, executives of the Company and external technology to register shareholders, vote counting, and display

stakeholders such as business partners, customers, trading of votes so that the meeting can be done quickly, accurately,
partners, competitors, community, and society, etc.The accurately, transparently, and verifiably.

116 Annual Report 2022 (56-1 One Report)