Ratchaburi Electricity Generating Holding PCL.
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procedure and how to receive the dividend as well
as facilitating shareholders on cheque reissuing in case
of loss or expiration. The Company also assisted the
heirs of the shareholders on share transfer in case
the shareholders passed away. Shareholders are also
encouraged to use e-Dividend service for convenient,
fast and safe dividend receiving.
The Company has also followed the
Stock Exchange of Thailand’s recommendation on
preparing the list of shareholders who have the right
to receive dividend. At the 2013 annual general
shareholders’meeting, the Company set the “Record
Date” on 6 March 2013 for shareholders to receive
the right to participate in the shareholders’ meeting
and receive dividend. This follows the Article 255 of
the Securities and Exchange of Thailand Act. Under
the Record Datemethod, book closing took place on
7 March 2013. Shareholders whose names appeared
on the book had the right to attend the 2013 annual
general shareholders’ meeting on 28March 2013 and
receive the dividend on 11 April 2013.
1.3 Right to Appoint, Terminate and
Determine Remuneration for Directors
The Board of Directors has strictly followed
the Company’s regulations requiring it to nominate
directors replacing the vacant position due to rotation
of office and propose directors’ remuneration to the
annual general shareholders’ meeting for approval.
Details are stated in the Management Structure
Section.
1.4 Right to Appoint Auditor and
Determine Remuneration for Auditor
The Board of Directors has strictly followed
the Company’s regulations in seeking approval from
shareholders at the annual general shareholders
meeting for the appointment of auditors and the
amount of auditors’ remuneration.
1.5 Right to Attend Meetings
The Board of Directors fully values and
respects shareholders’ rights by encouraging the
shareholders, who are regarded as the Company’s
owners, to participate in the shareholders’ meeting
in order that they are involved in significant decision
making, updated of the Company’s performance
and audit the performance of the Company’s Board
of Directors and Management. The Company views
that shareholders’ meeting arrangement is a duty
and responsibility to be fulfilled in accordance with
related laws and the AGM Checklist prepared by
Thai Investors Association, the Listed Companies
Association and the Securities, Exchange Commission
(SEC) and the Stock Exchange of Thailand (SET).
The Company and its Management take this as
their responsibility to ensure that the shareholders’
meeting is transparent, fair and equally benefits all
shareholders and stakeholders.
In 2013, the Company held one shareholders’
meeting – “the 2013 Annual General Shareholders’
Meeting.” In organizing the meeting, the Company
strictly followed the preset rules, maintained quality
and efficiency of the meeting and encouraged
shareholders to exercise their right to attending
the meeting. This has enabled the Company to
successfully organize the meeting and resulted
in continuously increasing number of attending
shareholders who actually came to the meeting and
those appointing proxy.
•
Meeting date and time :
The Company held
themeeting on Thursday 28March 2013, starting from
14.00 hrs. and ending at 17.00 hrs., totaling 3 hours.
The registration was opened at 12.00 hrs., two hours
before the meeting time. To allow shareholders to
make decision whether to attend the entire meeting
or only specific sessions, the Company allowed
shareholders to register after themeeting began until
the meeting adjourned. The Company did not limit
the shareholders’ right to attend the meeting and
vote on the agenda under consideration and that
resolution was not yet made.
