Page 148 - Annual Report Design 2017

007
TRUSTEE
Name
Address
Telephone Fax Homepage
Kasikorn Asset Management Co., Ltd.
400/22, KASIKORNBANK Building, 6th & 12th Floor, PhahonYothin Avenue, Samsen Nai, Phaya Thai, Bangkok 10400 0 2673 3999
0 2673 3988
www.kasikornasset.com
1. DUTIES AND RESPONSIBILITIES OF TRUSTEE
Trustee is responsible to manage trust with honesty and carefulness by profession with expertise by treating beneficiaries fairly for the maximum benefit of beneficiaries as specified in the Trust Deed, related laws, and and additonal commitment for investor (if any). Main responsibilities of trustee as specified in the Trust Deed include
1. Follow up supervise, and verify to assure that a REIT manages trust as specified in Trust Deed and related law. 2. Report to SEC, as well as resolving, restraining, or relieving any damage occurred with trust as seen appropriate, in a case where REIT manager acts or refrains from any action resulting in any damage to trust, or fails to perform his/her duty as specified in the contract and related laws.
3. Attend Annual General Meeting of unit trust holders. If there is a request for resolution in a meeting of unit trust holders, trustee must answer questions and give opinion on operation if it follows Trust Deed or related laws, as well as opposing and informing unit trust holders that such operation cannot be carried if it does not comply Trust Deed or related laws.
4.Manage trust as necessary in order to prevent, restrain, or limit any severe damage to overall benefits of trust or unit trust holders, and is authorized to seek a new REIT manager in case that the REIT manager is unable to perform the duty.
5. Prepare reports for unit trust holders, as well as annual report of trust by s pecifying opinions of trustee on operation of REIT manager in trust management and whether the operation carried out by REIT manager corresponds to regulations of Trust Deed, law, notification, and other related regulations or not.
In addition, unit trust holders can find the details of duties and responsibilities of trustee in Trust Deed.
2. TRUSTEE FEE
Trustee of trust will receive monthly remuneration of not exceeding 1.00 percent per annum of the total asset value of trust (the rate dose not include value added tax, specified business tax or other similar taxes) which is calculated by REIT manager and approved by trustee.