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58 ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
LISTOFTOPTENLARGEST SHAREHOLDERS
As at 28 September 2009, the latest closing of the company share registrar within the last fiscal year.
Name of the shareholders No. of shares held Percentage
1. MALEENONT GROUP* 1,131,860,000 56.59
2. HSBC (SINGAPORE) NOMINEES PTE LTD 104,871,385 5.24
3. CHASE NOMINEES LIMITED 42 96,020,570 4.80
4. Thai NVDR Company Limited 48,025,623 2.40
5. THE BANK OF NEW YORK (NOMINEES) LIMITED 45,943,348 2.30
6. STATE STREET BANK AND TRUST COMPANY 41,992,976 2.10
7. SOMERS (U.K.) LIMITED 26,955,900 1.35
8. CHASE NOMINEES LIMITED 1 19,145,950 0.96
9. STATE STREET BANK AND TRUST COMPANY
FOR AUSTRALIA 16,835,993 0.84
10. MELLON BANK,N.A. 15,604,500 0.78
Remark: * Detail of the Maleenont Group is as follow:
1. Mr.PrasanMaleenontholds 157,140,000 shareswhichis 7.86%.
2. Mr.PravitMaleenontholds 228,400,000 shareswhichis 11.42%.
3. Mr.PrachumMaleenontholds 157,140,000 shareswhichis 7.86%.
4. Ms.RatanaMaleenontholds 157,160,000 shareswhichis 7.86%.
5. Ms.NipaMaleenontholds 117,740,000 shareswhichis 5.89%.
6. Ms.AmphornMaleenontholds 157,140,000 shareswhichis 7.86%.
7. Ms.TracyAnnMaleenontholds 78,570,000 shareswhichis 3.93%.
8. Ms.CathleenMaleenontholds 78,570,000 shareswhichis 3.93%.
ThecompanyhasmembersofMaleenont family–TheMaleenont,asmajorityshareholder thatcouldset
managementpolicyandcontrolbusinessoperationoftheCompany,significantly,wherebyBECWorldisthe
mainbusinessoftheMaleenont.
AMENDMENT IN INFORMATION OF THE EXECUTIVE OFFICERS:InFebruary2010,theCompanysent
a letter to theOfficeofSEC regarding theCompany’sdisclosureofpersonal informationof7officersbeyond the
definitionof“theExecutiveOfficers”,i.e.,(1)Mr.PanithanTosnaitada,(2)Mr.SomrakNarongvichai,(3)Mr.Borisut
Puranasamriddhi,(4)Mr.PisanuRuangrajitpakorn,(5)Dr.ApinyaKangsanarak,(6)Mr.NatthrapongPisitphadhrikul
and(7)Mr.NopphadolKhemayotin.
CHANGE IN HOLDING OF THE COMPANY’S SHARES BY DIRECTORS AND EXECUTIVES: Attheendof2009,therewasnochangeinshareholdingbyanyDirectorandExecutive.
59ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
SeniorVicePresident*-Finance&Accounting
Board of Directors
SeniorVicePresident*
-TVProgram
SeniorVicePresident*
-Production
SeniorVicePresident*
-Marketing&Sales
SeniorVicePresident*
-Radio
SeniorVicePresident*
-NewMedia
SeniorVicePresident*
-Information&Technology
SeniorVicePresident*-HumanResource
SeniorVicePresident*-Administration
VicePresident
-Production
VicePresident
-Advertising
VicePresident-Business
Development&Investment
VicePresident-Finance
VicePresident
-InformationTechnology
VicePresident-HumanResource
VicePresident
-Administration
Executive Committee
Chairman of the Executive Board*
Chief Operating Officer* Vice-Chairman of the Executive Board
Vice President- Internal Audit Officer
Senior Executive Vice President* -Television Business
Senior Executive Vice President* - New Media
Organization Chart of the Company BECWorldPublicCompanyLimited.
asofDecember31,2009
MANAGEMENT
Remark:*meanstheexecutiveofficeraccordingthedefinitionof“ExecutiveOfficer”
60 ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
1. Management Structure BECWorld ismanagedbyBoardofDirectors,which isaunitaryBoardcomprising7executivedirectors,5non
executivedirectors,notlessthan3outofwhichareindependentdirectors,whichisadequatetoaudittheCompany’s
managementasrequiredundertheCGrules.
TheBoardhasestablishedsub-committeestoassistformanagementorscrutinyofsomecertainmatters.These
sub-committeesare,ExecutiveCommittee,AuditCommitteeandNominatingCommittee.TheBoardofDirectorsisthe
highestbodyoftheCompanywhichshalldeterminevision,directionandpolicyoftheCompanyandmakedecisionfor
thebestinterestoftheCompanyandshareholdersonalongtermbasis,aswellasgivingadviceandconsideringthe
operationoftheExecutiveCommittee,whichisresponsibleformanagementandsupervisionoftheadministrationunit.
Inconductingthemanagement,theBoardofDirectorshasassignedtheExecutiveCommittee,comprising7directors,
eachofthemhasdutytosuperviseandcontrolroutineworksofeachbusinessline,dependingonexpertise,interest,
capability,andsuitabilityofeachperson.ChairmanoftheExecutiveCommitteeshallbethepersonwhoisresponsiblefor
supervisionandcontrolofthemanagement.TheExecutiveCommitteeshallcomplywithdirection/policyandprinciples
ofgoodcorporategovernancefromtheBoardofDirectorsformandimposebusinessplan.TheCOOshallmanageand
controlallperformanceoftheexecutiveofficers.
TheAuditCommitteehasdutytoauditthemanagement’sperformance.Ithasmajorroleinauditingthefinancial
reporttoensuretheaccuracyoffinancialstatementsasrequiredbythegenerallyacceptedaccountingstandard.The
accountingpolicyhasbeenproperly selectedand strictly complied,which includes the audit conducted to ensure
sufficientdisclosureofmaterialinformation,informationrelatingtoconnectedtransactionortransactionswhichmay
haveconflictofinterest.
Board of Directors Asof31December2009,theCompany’sBoardofDirectorscomprised12directors,namely,
1. Mr.VichaiMaleenont Chairman
2. Mr.PrasanMaleenont Vice-Chairman
3. Mr.PravitMaleenont Director
4. MissRatanaMaleenont Director
5. MissNipaMaleenont Non-ExecutiveDirector
6. MissAmphornMaleenont Director
7. Mr.PrachumMaleenont Director
8. Mrs.RatchaneeNipatakusol Director
9. Mr.ArunNgamdee IndependentDirector
10. Mr.PrathanRangsimaporn IndependentDirector
11. Mr.ManitBoonprakob IndependentDirector
12. Mr.MatthewKichodhan Non-ExecutiveDirector
Mr.ChatchaiThiamtong SecretaryoftheBoardofDirectors
TheBoardofDirectorsmeetingNo.4/2551dated7August2008passedaresolutionappointingMrs.Chalaiporn
ItthithavornastheCompany’sSecretary.
CVshowingexperiencesofthedirectorsandtheexecutiveofficersareShownonpage92-97.
Independent Directormeansadirectorwhoisindependentingivingopinion.TheBoardofDirectorsmeetingNo.
4/2551reviewedqualificationsoftheindependentdirectorasfollows:
61ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
1) DirectorwhomayholdsharesintheCompanynotmorethan1%ofthetotalsharesentitledtocastvote.
2) DirectorwhodoesnothavemanagementdutyintheCompanyorsubsidiary.
3) Directorwhoisindependentfromthemanagementandthecontrollingshareholders.
4) Director who shall not be close relative or the person who has received or had interest jointly with the
management,themajorshareholdersorthecontrollingshareholders.
5) DirectorwhodoesnothavebusinessrelationshipsignificantlywiththeCompanywhichcaninfluenceopinion
tobegivenindependently.
6) Directorwhoisnottheemployeeorstaffwhohasreceivedsalaryregularlyduringtwoyearsbeforeassuming
theposition.
Authorized Directors Authorized directors are Mr. Vichai Maleeenont, the Chairman, to sign with the Company seal, or Mr. Prasan
Maleenont,Mr.PravitMaleenont,Miss.RatanaMaleenont,Mr.PrachumMaleenont,Miss.AmphornMaleenont,Miss.
NipaMaleenontandMrs.RatchaneeNipatakusol,anytwodirectorstojointlysignwiththeCompanyseal.
Scope of Authority of the Board of Directors TheBoardofDirectorsisthehighestbodyoftheCompanywhichshalldeterminevision,directionandpolicyand
makedecisionforthebestinterestoftheCompanyandshareholdersonalongtermbasis,aswellasgivingadviceand
considering theoperationof theExecutiveCommittee,which is responsible formanagementandsupervisionof the
administrationunit.Directorshallperformthedutyincompliancewithlaws,objectivesandarticlesofassociationofthe
Companyaswellasresolutionsoftheshareholdersmeetings.TheBoardofDirectorsmaydelegateoneormoredirectors
orotherpersonstoperformanyact(s)onbehalfoftheBoardofDirectors.
Measures to prevent Conflict of Interest TheBoardofDirectorshassetmeasurestopreventconflictofinterestbyrequiringdirectortoinformtheBoardof
Directorswithoutdelayifthedirectororhis/hercloserelative(s)andperson(s)relatedtothedirectorhasanyinterestin
thetransactiontobeenteredintowiththeCompany,anychangeofshareholdingoftheCompany,oranyothercompany
inthegroupwhichtheCompanyholdssharesmorethan25%ofthetotalsharesissuedofthesaidcompany.
Performance of The Board of DirectorsIn2009,theBoardofDirectorsconvened5meetings.
Name-Family Name Number of attendance time/number of meetings
1 Mr.VichaiMaleenont 4/5 2 Mr.PrasanMaleenont 5/5 3 Mr.PravitMaleenont 5/5 4 Mr.PrachumMaleenont 5/5 5 MissRatanaMaleenont 5/5 6 MissNipaMaleenont 5/5 7 MissAmphornMaleenont 5/5 8 Mrs.RatchaneeNipatakusol 5/5 9 Mr.MatthewKichodhan 3/5 10 Mr.ArunNgamdee 4/5 11 Mr.PrathanRangsimaporn 5/5
12 Mr.ManitBoonprakob 5/5
62 ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
Executive Committee and the Executive Officers Asat31December2009,theCompany’sExecutiveCommitteecomprised7executivedirectorsasfollows:1. Mr.VichaiMaleenont ChairmanoftheExecutiveBoard2. Mr.PrasanMaleenont Vice-ChairmanoftheExecutiveBoard,ChiefOperatingOfficer3. Mr.PravitMaleenont SeniorExecutiveVicePresident,ExecutiveDirector,TelevisionBusinessDivision4. Mr.PrachumMaleenont SeniorExecutiveVicePresident,ExecutiveDirector,NewMediaBusinessDivision5. MissRatanaMaleenont ExecutiveDirector,FinanceandAccountingDivision6. MissAmphornMaleenont ExecutiveDirector,ProductionDivision7. Mrs.RatchaneeNipatkusol ExecutiveDirector,MarketingandSaleDivision
TheExecutiveOfficersaccordingtothedefinitionof“theExecutiveOfficer”,asat31December2009comprised8executiveofficersasfollows:1. Mr.VichaiMaleenont ChairmanoftheExecutiveBoard(CEO)2. Mr.PrasanMaleenont ChiefOperatingOfficer(COO)3. Mr.PravitMaleenont SeniorExecutiveVicePresident,SeniorVicePresident,TelevisionBusinessDivision4. Mr.PrachumMaleenont SeniorExecutiveVicePresident,SeniorVicePresident,NewMediaBusinessDivision5. MissRatanaMaleenont SeniorVicePresident,FinanceandAccountingDivision6. MissAmphornMaleenont SeniorVicePresident,Production7. Mrs.RatchaneeNipatkusol SeniorVicePresident,MarketingandSaleDivision8. Mr.ChatchaiThiamtong VicePresident,Finance
Remark:Withrespecttotheamendmentoftheexecutiveofficers’information,inFebruary2010,theCompanysentalettertotheOfficeofSECregardingtheCompany’sdisclosureofpersonalinformationof7officersbeyondthedefinitionof“theExecutiveOfficers”,i.e.,(1)Mr.PanithanTosnaitada,(2)Mr.SomrakNarongvichai,(3)Mr.BorisutPuranasamriddhi,(4)Mr.PisanuRuangrajitpakorn,(5)Dr.ApinyaKangsanarak,(6)Mr.NatthrapongPisitphadhrikuland(7)Mr.NopphadolKhemayotin.
Scope of Authority of the Executive Committee and the Executive Officers TheBoardofDirectorshasappointed theExecutiveCommittee tobeaworkinggroup responsible for routinemanagementoftheCompany.Currently,theCompany’sExecutiveCommitteecomprised7directors,eachofthemhasduty tosuperviseandcontrol routineworksofeachbusinessunit,dependingonexpertise, interest,capability,andsuitabilityofeachperson.Theyalsoholdpositionsofdirectorsinsubsidiaries.ChairmanoftheExecutiveCommitteeshall be the person who is responsible for supervision and control of the Executive Committee. The ExecutiveCommitteeshallobtaindirection/policyandprinciplesofgoodcorporategovernancefromtheBoardofDirectorstodeterminetheoperationplanwiththeChiefOperatingOfficerresponsibleforsupervisionandcontroloftheexecutiveofficers’managementandperformance.TheBoardofDirectorshasdelegatedauthoritytotheExecutiveCommitteetoperformthedutyonbehalfoftheBoardofDirectors.However,forcertainmatterswhichareneworrelatetomorelineofcommands,theExecutiveCommitteemayreferthemattertotheBoardofDirectorsforapprovalonacasebycasebasis,suchas,incaseofjointinvestmentwithothersfornewbusiness.
Performance of Duty of the Executive Committee and the Executive Officers TheExecutiveCommitteeandtheexecutiveofficersnormallyconvenethemeetingonceaweek.
63ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
Audit Committee Asat31December2009,theAuditCommitteecomprised3directorsasfollows:
1.Mr.ArunNgamdee ChairmanoftheAuditCommittee
2.Mr.PrathanRangsimaporn AuditCommittee
3.Mr.ManitBoonprakob AuditCommittee
Mr.ChatchaiThiamtong,secretaryoftheAuditCommittee
Scope of Authority of the Audit Committee TheCompany’sAuditCommitteehasscopeofauthorityandresponsibilitytowardtheBoardofDirectorsasfollows:
1. ToverifyandensuretheaccuracyandsufficiencyoftheCompany’sfinancialreports;
2. ToverifyandensuretheefficiencyandsuitabilityoftheCompany’sinternalcontrolandinternalauditsystem,
consider the independency of the internal audit office, approve the appointment, transfer or terminate
employmentoftheheadofinternalauditofficeorotherrelateddivisionsresponsibleforinternalcontrol;
3. ToverifyandensuretheCompany’scompliancewithlawsregardingSecuritiesandExchangeControl,rules
andregulationsoftheStockExchangeandlawsrelatingtotheCompany’sbusinesses;
4. To consider, select, nominate for appointment of independent person to be the Company’ s auditor and
proposecompensationfortheCompany’sauditor includingtoattendthemeetingwiththeauditorwithout
themanagement’sattendanceatleastonceayear;
5. Toconsiderconnectedtransactionortransactionwhichmaybesubjecttoconflictofinteresttocomplywith
thelawsandregulationsoftheSETinordertoensuethatsuchtransactionisreasonableanddoneforthe
bestinterestoftheCompany;
6. To prepare the Audit Committee’s report for disclosure in the Company’s annual report. The Audit
Committee’sReportisonpage4-5.
7. ToperformanyotherdutiesasassignedbytheBoardofDirectorsandasagreedbytheAuditCommittee.
Performance of Duty of the Audit Committee In 2009, the Committee convened 7 meetings.
Name-Family Name Number of attendance time/number of meetings
1. Mr.ArunNgamdee 7/7
2. Mr.PrathanRangsimaporn 7/7
3. Mr.ManitBoonprakob 7/7
The Nominating Committee Asat31December2009,theNominatingCommitteecomprised3directorsasfollows:
1.MissRatanaMaleenont ChairmanoftheNominatingCommittee
2.Mr.PrachumMaleenont NominatingCommittee
3.Mrs.RatchaneeNipatakusol NominatingCommittee
64 ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
Scope of Authority of the Nominating Committee TheNominatingCommitteehasscopeofauthorityandresponsibilitytowardtheBoardofDirectorsasfollows:
1. TodetermineproceduresandcriteriatonominatedirectorsoftheCompany,includingtopmanagementofthe
Companyfortransparencypurpose;
2. Toselectpersonsqualifiedfornominationasnewdirectorortopmanagement;
3. ToprovideopiniontotheBoardofDirectorsandtoreporttheresultofperformancetotheBoardofDirectors
regularly.
Performance of Duty of the Nominating Committee In 2009, the Nominating Committee convened 1 meeting.
Name-Family Name Number of attendance time/number of meetings
1. Miss Ratana Maleenont 1/1 2. Mr. Prachum Maleenont 1/1 3. Mrs. Ratchanee Nipatakusol 1/1
2. Nomination of Directors and Executive Officers InaccordancewiththeCompany’sarticlesofassociation,itspecifiesthattheCompanyshallhavenotlessthan5
directors, not less than half of them shall have domicile within the Kingdom. Directors shall be appointed by the
shareholdersmeeting. Ineveryannualgeneralshareholdersmeeting,onethirdof thedirectorsshall retire fromthe
directorundertermoftheirrotationperiod.NominationofdirectorsshallbeinaccordancewiththeCompany’sarticles
ofassociationwhichprovidethateachshareholdershallhavevote,equivalenttothenumberofsharesheldbyhim/
her.Theshareholdersmayexercisetheirrightstocastallvotestoselectoneormoredirectors,buttheymaynotsplit
theirvotes.Thecandidate(s)whoreceivehighestscores,respectively,shallbeappointedasdirectorsinthenumber
required forsuchterm. Incasepositionofdirector isvacant foranyreason,other thanbyrotationterm,under the
articlesofassociation,theappointmentofdirectorstofillinsuchvacancyshallbeundertaken,unlesstheremaining
termof suchdirector is less than2months. In this connection, theNominatingCommittee shall proposenameof
person to theBoardofDirectors for further appointment.With respect tonominationof theexecutiveofficers, the
selection process may be conducted by supervisor in chain of command, or through the Nominating Committee,
dependingupontheposition.However,inthepast,change(s)inthepositionofexecutiveofficersisnotquiteoften.
3. Compensation of Directors, Management in 2009Monetary Compensation for the Directors and Management At the end of 2009, the Company had 12 directors and had 8 executive officers, 7 of them were also the
Company’sdirectors.
TheCompany’sdirectorsandmanagementreceivedmonetarycompensationin2009asfollows:
(a) Compensationtodirectors
ThecompensationwasBaht15,790,000.-asmeetingallowanceandremuneration.
(b) Aggregateamountofcompensationtoallexecutiveofficers
The compensation was Baht 47,192,896.-(i.e., salary, bonus, vehicle allowance and contribution to
providentfund).
65ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
Table showing compensation to directors in 2009. In2009, theBoardofDirectorsconvened5meetings, theAuditCommitteeconvened7meetingsand the
Nominating Committee convened 1 meeting. The meeting details and the amount of compensation can be
summarizedasfollows:
Name-Family name Meeting Allowance Remuneration Total
1. Mr.VichaiMaleenont 60,000 2,082,000 2,142,000
2. Mr.PrasanMaleenont 50,000 1,227,250 1,277,250
3. Mr.PravitMaleenont 50,000 1,227,250 1,277,250
4. Mr.PrachumMaleenont 60,000 1,227,250 1,287,250
5. MissRatanaMaleenont 60,000 1,227,250 1,287,250
6. MissNipaMaleenont 50,000 1,227,250 1,277,250
7. MissAmphornMaleenont 50,000 1,227,250 1,277,250
8. Mrs.RatchaneeNipatakusol 60,000 1,227,250 1,287,250
9. Mr.ArunNgamdee 110,000 1,100,000 1,210,000
10. Mr.PrathanRangsimaporn 120,000 1,000,000 1,120,000
11. Mr.ManitBoonprakob 120,000 1,000,000 1,120,000
12. Mr.MatthewKichodhan 30,000 1,227,250 1,257,250
Other compensations, suchas,stockoptionplan,convertiblesecurities,debentureorotherbenefitswhichthe
managementreceivedfromtheCompany
-None-
4. Corporate GovernanceCorporate Governance (CG) Compliance ReportBEC World PLC2009
Section 1 Shareholder Rights 1. TheBoardofDirectorshasprescribedCGpolicyregardingshareholderrightsandtreatmenttoshareholderas
follows: 1.1TheCompanyshallhonor rightsand treatment toshareholderandallgroupsof interestedpartywith
honesty,equalityandfairness. 1.2TheCompanyshalloperatethebusinesswithtransparency,whichcanbeexaminedandshalldisclose
sufficientinformationtoallrelatedpartiescorrectly,notmisleadinginmaterialinformation.TheCompanyshallnotconcealanyinformationwhichshouldbenotified.Theinformationtobedisclosed/notifiedmustbeuptodateandcommunicatedwithinduetimeandthoroughly.
TheBoardofDirectorshascontrolledtheCompany’ssecretarialworksandtheInvestorRelations(“IR”)UnittoensuretheapplicationoftheCGpolicytoprotectshareholderrightsandalsoencourageallshareholderstoexercisetheirrightsi.e.righttoreceivedividend,righttoreceiveupdatedbusinessinformationdisseminatedviatheStockExchangeofThailand’sELCIDsystemandtheCompany’swebsite,www.becworld.com,toenableallshareholdersandinvestorstoreceivesuchinformationinduecourse.Itmustprovidesufficientinformationbeneficialfortheirinvestmentanddecisions,encouragingshareholderstoexercisetheirrightstoattendthe
66 ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
meetings,castingtheirvotingrights,sharingtheirviewsinshareholdersmeeting,includingexercisingtheirrightstovotefordirectorappointment,directorcompensation,auditorappointmentandauditorfee,including,exercisingtheirrightstomakedecisionsonmaterialtransactions,havingconsiderableimpactontheCompany.
2. TheBoardofDirectorshascontrolledtheCompany’ssecretarialworksandtheIRUnittoprotectshareholders’rightsmorethanthoserequiredbylaws,suchas,therighttoreceivesufficientinformationtomakedecision,whichshallbeupdated,correct,completeandtransparent.Todisseminatesuchinformationcomprehensivelyandinappropriatetime,theBoardofDirectorshasarrangedtodisseminatetheinformationontheCompany’swebsite,www.becworld.com,includingallowingtheshareholderstovisittheCompany.TheCompanyhasalsomadePRnewsregardingbusinessdevelopmentofthegroupintheformsofbusinessand/orentertainmentnewsbroadcastedonChannel3,whichhasbeenoperatedbythegroup,newsinbusinessandentertainmentsectionsofnewspapers,allofwhichhavebeenhighlyeffectiveandreadilyaccessiblemediaforpeopleinnationwide.
3. In2009AnnualGeneralShareholdersmeeting,theCompanyfacilitatedallshareholderstoexercisetheirrightsinattendingthemeetingandcastingtheirvoteswithoutanyrestrictionordeteriorationoftheshareholder’srightstoaccesstheCompany’sinformationrequiredfordisclosure.Therewasnodistributionofadditionalinformationwithoutpriornotice,noadditionalagendaoramendmentofanymaterialinformation.TheCompanyalsoallowedshareholderswhocamelatetoattendthemeeting.
4. TheCompanyhasinformedinformationregardingtheresolutionoftheBoardofDirectorstocallforthe2009AnnualGeneralshareholdersmeetingthroughELCIDsystembyattachingdraftoftheinvitationletterregardingtheshareholdersmeetingasapprovedbytheBoardofDirectors,thecontentsofwhichcontainedallinformationrelatingtodate,time,placeandagendasofthemeeting,aswellas,resolutionsoftheBoard,sent40daysinadvancepriortotheshareholdersmeetingdateandaccordinglydisseminatedthroughtheCompany’swebsite,immediately,afternotifyingthesaiddetailstotheSET.
5. TheCompanyhasassignedThailandSecuritiesDepositoryCo.,Ltd.(“TSD”),actingastheCompany’sShareRegistrartodelivertheinvitationletter,callingfortheshareholdersmeetingtoshareholderswithin14daysinadvancepriortotheshareholdersmeeting.
6. TheCompanyhasdiscloseditsinformationviatheCompany’swebsite,andupdatedallinformationconsistentlytoenabletheshareholderstoreviewandstudytheCompany’sinformationthoroughthischannel.
7. Inthe2009shareholdersmeeting,theChairmanallocatedthemeetingtimeproperlyandallowedtheshare-holderstoexpresstheirviewsandmakeenquiriestothemeetinginaccordancewiththeagendas,freely.ThedetailsofwhichcanbeviewedfromMinutesoftheshareholdermeetingontheCompany’swebsite.
8. In2009shareholdersmeeting,ChairmanofvariousSub-Committees,comprisingChairmanoftheAuditCom-mitteeandChairmanoftheNominatingCommitteealsoattendedthemeeting,givinganopportunitytotheshareholderstomakeenquiriesinallrelatedmatters.ThedetailsofwhichcanbeviewedfromtheShareholdermeetingMinutesontheCompany’swebsite.
9. TheCompanyisawareoftheimportanceofunlawfulutilizationofinsiderinformationwhichcreatesunfairnessagainstshareholders.TheBoard,therefore,hassetapolicyinrelationtothismatterandnotifiedalldirectors,managementandmanagementofficersinvolvingsuchinsiderinformationfortheiracknowledgement.Inthisconnection,director/management/officer,havingknowledgeregardingfinancialstatusoftheCompanyanditsgroup,includinganyotherinformationhavinganeffectontradingpriceoftheCompany’sstock,whichhasnotbeenpubliclyavailable,shallnotenterintoanysaleorpurchasetransactionoftheCompany’sstocksatleast2weeksbeforeannouncementoftheoperatingresultineachquarterorbeforefilingsuchinformationtoSET.Alldirectorsandmanagement,responsibleforfilingreportofstockacquisitionwiththeOfficeofSEC,shallsubmitcopyofthesaidreporttotheCompanySecretarytoinformanymodificationinsecuritiesholdingtotheBoardforacknowledgementineverymeeting.In2009,everyoneprovidedfullcooperationandfullycompliedwiththeCompany’spolicy.
67ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
TheBoardhasprescribed“aConflictofInterestPolicy”byrequiringalldirectorsandmanagement,includingallrelatedpersonsofthedirectorsandthemanagement,havinganyinterestinanytransactionenteredintowithanycompanyinthegroup,shalldisclosesuchinformationtogetherwithalldocumentstotheCompanySecretaryimmediatelyuponknowingthesaidinformationinordertoproposeforacknowledgementofCompany’sBoardofDirectorstomakefurtherdecisionforbenefitoftheCompany.ToenabletheCompanytobeindependentinmakingsuchdecision,directorormanagementwhohasaconflictofinterest,shallnotparticipateinmakingadecisionoveranytransactionbetweentheCompanyandhim/herself,asapersonwhohasaconflictofinterest.
Section 2 Equal Treatment to all Shareholders Inthe2009shareholdersmeeting,theCompanyseriouslypaidattentiontoequaltreatmenttoallsharehold-
erswithoutdiscrimination.TheCompanydulycompliedwithCGguidanceimposedbytheOfficeofSECandSETbyholdingashareholdersmeetingonApril29,2009,havingdetailsasfollows:
Before the Shareholders Meeting 1. The Board has given all shareholders an opportunity to exercise their rights by opening communication
channel for them to contact the Company and the Board through the Company’ s website,www.becworld.com,orIRUnitate-mailaddress:[email protected] office, Maleenont Tower Building. Should any shareholder wish to express his/her opinion,suggestionormakinganyenquiry, heor she shall have the right todo so via the abovemethods.Uponreceivinganyrequestfromtheshareholder,theCompany,bytheCompanySecretaryoffice,mayproposethesaidmattertotheCompany’sBoardofDirectorsforconsiderationwithinmeetingagendainduetimepriortotheBoardrequestforannualgeneralshareholdersmeeting.
In 2009, there have been no shareholders proposed any matter(s) to be included in agendas for themeetings,orproposeanycandidatetobeappointedasdirector.
2. TheCompanyhasestablished the IRUnit to contact, coordinate,manageandprovideany information forshareholdersandgeneral investors.The IRUnithasorganizedvariousactivitiesbeneficial toshareholdersandgeneral investorsof theCompany, (pleaseseeSection4,page74-76). Inaddition, theCompanyhasexploitedtheSET’sELCIDsystemtonotifysuchinformationtotheshareholdersaswell.
3. In caseany shareholderproposesanyagenda, theCompanywill receiveand consideronly agendawhichwouldbeusefultoallshareholdersontheconditionthatsuchrequestispossiblefortheBoardtocomplyanditisnotcontrarytolawsandrelatedregulations.Undersuchtermsandconditions,theCompanywilladdsuchrequestasmeetingagenda,accordingly,includingdirectoropinionregardingsuchmatter.Withrespecttodirector appointmentproposal,NominatingCommitteewould considerqualificationsof each candidateproposedby shareholder inaccordancewithselectionprocess imposedby theCompanyprior toCompany’sBoardconsideration.
4. In case the Board opines that such matter, proposed by shareholder is not useful for the sake of theshareholderorsuchrequesthastooshortperiodtoconsider,includingcandidateproposal,submittedinverylate timeanddifficult to considerqualifications in accordancewith theCompany’s criteria, theBoardwillassigntheCompanySecretarytocontactsuchshareholdertoclarifythereasonforrefusalofsuchmatertobe included in the agenda, or inform name of such candidate for acknowledgement of the shareholdersmeetingonly.
5. Otherthaninvitationlettersforshareholdersmeetingandsupportingdocumentsforshareholdersmeeting,theCompany shall deliver proxy forms togetherwith explanationof all relateddocuments required tobepresentedbyshareholder/proxyforshareholdermeetingregistrationattachedwiththeinvitationletters.
68 ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
6. WithrespecttofilingofinformationwiththeSETon17March2009regardingresolutiontocallforthe2009annualgeneralshareholdersmeeting,theCompanyhaspostedthedraftofinvitationletterofshareholdersmeeting,bothThaiandEnglishversion,inthelastsectionofsuchinformationdisclosure.TheCompanywillpost theoriginal invitation letters, togetherwith relevantsupportingdocuments, financial statementproxyandexplanationof thedocumentsandall requireddocuments tobepresentedby theshareholders/proxybeforecommencementoftheMeeting,andalsotheAnnualReport,havingthesamecontentsasonessenttoallshareholdersinhardcopybothinThaiandEnglishontheCompany’swebsiteon19March2009whichdisplayed all information for 40 days prior to the shareholder meeting’s date, except for supportingdocuments for the firstagenda(theminutesof2008AGM),which theCompanyhadposted itonwebsitewithin 14 days following the closing date of 2008 AGM. The last section of such information, sent toshareholdersalsoinformedallshareholdersthat,incaseanyshareholderwishestoreviewsuchinformationbeforetheMeetinginadvancepriortoreceivingtheinvitationletterandsupportingdocumentsinhardcopyform sent by registered mail, he/she can review it by logging into the Company’s website. The latestinformation posted on website was the 2008 Annual Report, both in Thai and English version; it wasuploadedonwebsite20daysaftertheshareholdermeetingdate.
7. TheCompanyhasappointedTSDtobetheCompany’sShareRegistrartodeliverall invitationletterstoallshareholders. In 2009, the Company delivered all shareholders the invitation letters 10 days in advancebeforetheshareholdermeetingdate.
8. TheCompanyhasencouragedallshareholderstoexercisetheirrightsinattendingthemeetingandcastingtheir voting rights. The Company has delivered all forms of proxy letters to all shareholders for theirconvenience.Incaseanyshareholdercannotattendthemeeting,theCompanyfacilitatedsuchshareholdersby enabling to appoint his/her proxy to attend the meeting on his/her behalf, or appointing Mr. ManitBoonprakob,anindependentdirector,appointedbytheBoardtobeanalternativeproxy.TheCompanyhasencouragedshareholderstousetheshareholderproxyformtocontroltheirvotes.
In the 2009 Shareholder Meeting, both Thai and foreign shareholders, particularly, the institutionalshareholders,appointedMr.ManitBoonprakobtobetheirproxiestoexercisetheirvotingrights.
9. The Company has published the invitation letters for the 2009 Annual General Shareholder Meeting in“Kaohoon(StockNews)”newspaperfor3consecutivedays,approximately1week,beforetheShareholdermeetingdatetocallfortheshareholdersmeeting.
10.With respect to the invitation letters for 2009 annual general shareholders meeting, the Company hasarrangedfordisclosureofinformation,supportingeachagendaproperlyforconsideration,asfollows:
Agenda for director appointment:preliminaryinformationofeachcandidate(suchasprefix,name,age,director category, educational background, experience including any informationwhichmay cause aconflictofinterestagainsttheCompany’sbusiness),positioninothercompanies.In2009,thisagendawasproposed for appointmentof the formerdirectorswhohavebeennominatedby theNominatingCommittee.Therewasnoappointmentof independentdirector thisyear.Thedirectorperformance inlastyearanddirectoropinionsforshareholders’considerationhavebeenprovidedtoallshareholdersbytheCompany
Agenda for director compensation: the Company informed the amount and category of directorcompensation,reasonstoadjustdirectorcompensation,comparisonbetweenthedirectorcompensationthisyearandlastyear.TheCompanyfixedthedirectorcompensationinmonetaryformonly,notinanyother forms of benefits. In considering the director compensation, since there is no sub-committeeappointedby theBoard for thispurpose, theBoardhas jointlyconsidered thismatterby themselves.The Board was allowed to consider their compensation, as approved by the shareholder meeting,voluntarilyand reasonably.TheBoardproperlydiscussedandexpressed theirviews forshareholders’decision.
69ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
Agenda for auditor appointment and auditing fee: theAuditCommitteehasproposednamesof the
formerauditorandauditingfirmandalsoexplainedreasonforappointingtheformerauditor.Inaddition,
theCompanyhasprovideddetailsregardingworkingperiodoftheauditorasspecifiedinthesupporting
documentsformeeting.TheAuditCommitteefocusesonimportanceofauditorindependence,considering
appropriatenessofauditingfeeincrementalincludingreasonablerateofauditorfee.TheBoardofDirectors
hasrequestedenoughinformationineachagenda,providingtheirownopinionforshareholders’decision.
Agendafordividendallocation:Thedividendpaymentpolicyisshowninpage1oftheAnnualReport,as
wellas,inthesupportingdocumentforthisagenda.TheBoardproposedthemeetingtoallocateprofit
forlegalreservedfund,asspecifiedbylaws,andforpaymentofdividendtoshareholders.TheBoardhas
clarifiedreasonofunpaiddividendallocation,effectsontheCompanyandshareholders.TheBoardalso
hasproposedtheshareholdersmeetingtoconsiderineachagenda,respectively,toenabletheCompany
topaydividend.TheBoardofDirectorshasarrangedfordetailsofeachagenda,anddirector’sopinion.
Sufficientandclearforshareholders’decisions.
In2009,therewasnoagendatoconsiderandapproveanymaterialmatteroftheCompany,i.e.,increase/
decreaseofregisteredcapital,amendmentofarticlesofassociation,sale/dissolution/transfer/mergerof
theCompany’sbusiness.
11. Incaseanyshareholderhasanyqueryregardingcorporateagenda,theshareholdersmaysendtheirquestionsrelevanttoeachagendatotheBoardofDirectorsinadvancebeforetheMeetingdatebysendingalettertotheCompany’sBoardofDirectorsorcontactingthroughIRUnitortheCompanySecretaryorsendingthequestion(s)viatheCompany’swebsite.However,in2009,therewasnoshareholder(s),submittinganyqueryregardingtheMeetingagendastotheBoardofDirectorsinadvancebeforetheshareholdersmeetingdate.
Annual General Shareholder Meeting, April 29, 2009. 1. To facilitate all shareholders, the Company brought computer systems to assist in registering the
shareholdersattending themeeting, includingprintingofvotingcards,specifyingdetailsofattendeesandnumberofshares,havingvotingrights,ineachagenda.
2. TheCompanyconvenedtheshareholdersmeetinginaccordancewiththedate,timeandplace,aspreviouslyinformed all shareholders, without any immediate change of meeting place which might cause someshareholderstobeunabletoattendthemeeting.
3. Therewere11directorsattending theshareholdersmeeting.TheChairmancouldnotattend themeeting.However,ChairmanoftheAuditCommitteeandChairmanoftheNominatingCommittee,includingallseniorvicepresidentsof theCompany, all, attended themeeting.ViceChairman,whoalso representedasChiefOperating Officer of the Company, acting as the Chairman of the shareholder meeting. In addition, theCompanyinvitedauditorandlegalcounselortojointhemeetinginordertoclarifyandanswerallquestionsoftheshareholders.
4. TheChairmaninformedthatthequorum,consistingofrequirednumberofattendeesandshares,wasdulyconstituted to commence themeetingandalsoclarifiedvoting rightprocedures toall shareholders in theshareholdersmeeting.
5. TheCompanydidnot addanyadditional agendaswithoutnotifying the shareholders in the shareholdersmeetinginadvance.
6. The Chairman conducted the meeting in each agenda as specified in the invitation letter, sent to allshareholderswithoutanychangesoraddition.
70 ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
7. Withrespecttovoting,theChairmaninformedthemeetingtousevotingcardineachagendafortransparency,andavailableforfurtherexaminationincasethereisanyargumentraisedbyanyshareholders.TheCompanypreparedvotingcardsforeveryagenda.Agendafordirectorappointment,theCompanyprovided1votingcardper1director.For2009AGM,theCompanyalsoaskedforcooperationfromallshareholderstosubmitvotingslipfordirectorappointmentagendatotheCompanyforrecord.
8. Agendafordirectorappointment,theChairmanproposedthemeetingtoconsiderdirectorappointmenttoreplacetheformerdirectors,underrotationretire,byproposinglistofcandidatestobeconsideredbythemeetingonebyonetoenabletheshareholderstoexercisetheirrightstovotefordirectorappointment.
9. TheChairmanconductedthemeetingorderlyandproperlyallocatedthemeetingtimeforeachagenda,enablingallattendeestofreelyexpresstheirviews,suggestionincludingmakinganyinquiryordoubtinvariousmattersregardingmeetingagendaoranymattersrelatedtotheCompany.TheChairmanalsoallocatedreasonabletimefortheexecutivedirector(s)andthemanagement(s)inclarifying/answeringallquestionstoallattendees.Torespectallshareholders’rights,theChairmanhadtocontrolthemeetingandthetimespentinaneffectiveway.ForanyquerywhichwasnotrelevanttothemeetingagendaortheCompany,theChairmanwouldanswersuchqueryafterthemeetingwasfinished.For2009,theChairmanallocatedpropertimefortheexecutivedirectorsandmanagementtoanswerallqueriesduringthemeeting.
After the Shareholders Meeting Date 1. In2009AGM,theCompanySecretarywasresponsibleforpreparingallminutesoftheshareholdersmeeting,
specifyingdate,timeandplace;aquorum,dividedbyanumberofshares,anumberofshareholdersandproxy;listofdirectorsandmanagementswhoattendedthemeeting;votingprocedure;agendaandresolutionofeachagenda,classifiedasagreed,disagreedorabstained;includingqueries/suggestionfromshareholderstogetherwithcorrectandcompleteanswersfromtheBoardofDirectors.
2. TheCompanySecretaryhassubmittedtheminutesof2009AGMtoSETwithin14daysfromtheshareholdersmeetingdateandalsosubsequentlysubmittedthesametotheBoardofDirectorsmeetingNo.3/2552dated15May2009whichwasthefirstmeetingheldaftertheshareholdersmeetingdatefortheirconsiderationofcorrectnessandcompleteness.Then,theminuteswasproposedforsigningbytheauthorizeddirectorsoftheCompanyforcertification,andresubmittedtoSET.ThesaidminuteswasalsosubmittedtotheMinistryofCommercetogetherwithapprovalof2008financialstatementinMay2009.
3. AfterfilingtheminuteswithSET,theCompanywilluploadallshareholdersmeetingminutesontheCompany’swebsite.Inyear2009,theCompanyhasdisclosedtheshareholdersmeetingminutesontheCompany’swebsitewithin14daysaftertheshareholdersmeetingdatesothattheshareholders,whodidnotattendthemeeting,wouldbeawareofalldetailsofthemeetingandenabletheshareholderswhoattendedthemeetingtoexpresstheirviewsbeforethenextmeeting.
Section 3 Roles of Interested Persons TheBoardisawareoftheimportanceandrolesofallinterestedpersongroupstowardtheCompany.Therefore,
theBoardhasprescribedroleofinterestedpersonsinCGpolicy,whichtheCompanywillrespect,alloftheirrightsandprovidefairtreatmenttoallgroupsofshareholdersandinterestedpersonswithhonest,equality,fairnessandawarenessofrightsofallinterestedpersonsbyformingthepracticalpolicyasfollows:
(1) Arranging for Code of Conduct in written documents for directors, managements, and employees tounderstand ethics which the Company applies to operate the business including monitoring thecompliancewiththeCodeofConduct.
71ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
(2) SettingaunittoberesponsibleforinterestedpersontreatmentineachgrouptoensurethatthereisaresponsibleunittoactuallyapplythesaidCodetointerestedpersons.
(3) Imposingrightsofeachgroupofinterestedpersonincludingrolesanddutiesofeachunittowardeachgroupofinterestedpersons.
Interested person treatment Treatment for Company shareholders: theBoardhasassignedtheIRUnitandtheCompanySecretaryto
beresponsiblefortakingcareofshareholdersandinvestors.Themanagementhassetapolicyforshareholdertreatmenttorealizeshareholders’rightsandtreatthemwithfairnessandequality,encouragingshareholderstoexercisetheirrights.Inoperatingbusiness,otherthanseekingonlyprofitforshareholdersinformofdividends,theBoardalsopaysattentiontoenhancevalueofbusinessentityandprosperityforshareholdersinlongtermperiodbydeclaringpolicytopaydividendsatleast90%ofnetprofit.
Treatment for internal interested persons: i.e.employeeandmanagementofCompanygrouparethemost valuable assetsof theCompany. TheBoardhasassignedHRdivision to take care all employees toreceive reasonable compensation, giving fair treatment, encouraging all employees to develop their ownknowledge,capacityandexperiencetobesuitablefortheirdutiestosucceedintheirworks,arranginggoodandsafeenvironment forworking.Foremployeebenefits, theCompanyhasarrangedthegroup insurance(i.e. life insurance,accident insuranceandhealth insurance),other thanbenefitsprovidedunder the laborlaw.Notonlyhassocial security, theCompanyalsoprovidedprovident fund,annualhealthcheck-upanduniform, etc. The Board has arranged an intranet system to increase inter-communication withinorganization.Duringtheyear2009,theoilprice,whichwasthemainfactorforproductionandtransportationbusinesses,wasincreasedcausingtheincreaseofthecostofliving,theBoardhasconsideredtoincreasethelivingcostforemployeestobesuitablefortheeconomiccondition.Inaddition,additionalbenefitsgiventoemployeeswhoworkin3southernprovincesofThailandasapprovedin2007havebeengivencontinuouslyupto2009,asfollows:1)increasingtheamountoflifeinsurance10timesmorethannormalemployees;2)allocatingaspecialallowancefor3,000–4,500Baht/person/month;andprovidingflackjackettoeveryonein2007.Also,theBoardhassupportedallemployeeswhohavefaithinBuddhismtopracticeinthedharmawithoutregardingastakingleaves.
Treatment for TV producers or TV operators or actors: Channel3operatedbyTheBangkokEntertainmentCo.,Ltd.hasassignedTVprogramDivisiontotakecareallTVproducersandactorswithapolicytotreatthemequally.DuetoTVairtimelimitsandhighnumbersofTVproducers/operatorsandanactor,themanagementhastoallocateairtimeproperlyforallTVproducers/operatorstoequallyallowthemtohaveopportunitytogenerateincomeandtoTVactorstomaintaintheirpopularities.IncasethereisagreementbetweenChannel3andTVproducer,theTVprogramDivisionhastostrictlycomplywithtermsandconditionsofagreements,suchas,completeandpunctualpaymentofcompensation.Inaddition,theTVProgramDivisionhassupportedvarioustrainingprogramsi.e.trainingfornewTVproducer,legaltrainingbycopyrightexpertstoprotecttheirowncopyrightandperformer’sright.
Treatment for Customers: i.e. advertising agency, product owners, TV program sponsor. CustomersshouldreceiveupdatedinformationonTVprogramsandshowtimeofChannel3fortheirefficientbusinessplanning.SaleDivisionof TheBangkokEntertainmentCo., Ltd. is responsible for customermanagement.TheBangkokEntertainmentCo.,Ltd.haspolicytotreatcustomerswithhonestandsinceritybyfacilitatingthemwithrapid,crediblecommitmentandkeepingconfidentiality.Distributionof informationinrelationtoTVprogramstocustomersmustbeefficient,i.e,theinformationshallcontainmaterialinformationsufficientformakingdecision,thedistributionmustbecomprehensive,equal,andtimelysincecommercialairtimeislimited.
72 ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
Treatment for Creditors: TheBECWorldgrouphasapolicy to treat all creditorsequallybyassigning
AccountingDivisiontoberesponsible formonitoringofdebtpaymentandstrictandtimelycomplyingwith
termsand conditionsunder relevant agreement tomaintaingood commercial relationship, reputationand
imageof thebusiness, includingmitigating fromanypotential penalty arising frombreachof contract. In
2009,theCompanyfullycompliedwithallagreementswithcreditors.
Treatment for competitors: TheBECWorldgrouphasapolicytogivefairtreatmenttoallTVprogram
competitorsequallyandingoodfaithandlawfulbydevelopingqualityofTVprogramsandefficiencyofTV
signal.CompetitorisasignificantfactortodrivetheCompanytocontinuouslydevelopitsproductqualityand
services.In2009,theCompanydidnothaveanydisputewithanycompetitor.
Treatment for Community/ Society: TheBECWorldgrouphasapolicy toconduct thebusinesswith
moralityandsupportThaisocietywithoutfocusingonprofitonly.Therefore,anyTVprogramprovidedbyThe
CompanygrouptobebroadcastedthroughChannel3asoperatedbyTheBangkokEntertainmentCo.,Ltd.
offersnotonlyentertainmentbutalsoknowledgeandmorality, suchas,dramaseriesbroadcasteddonot
focusonlyentertainmentbutalwayshavemoralconceptwithineachseries. Inaddition, theCompanyhas
alsoprovidedsomeusefulprogramsforwomanandkidstoencourageThaisocietytoacceptwomancapacity
andpaymoreattentiontofamily,especially,nextgenerationofoursociety.Furthermore,theBoardhaspaid
attentiontothemediaethics.AsTVstationadministeredbyTheBangkokEntertainmentCo.,Ltd.,whichis
the highest efficient media to draw attention from public nationwide, we realize that seeking various TV
programs may cause some impacts on some groups of people in society or community. TheBoardhas
assignedPRUnittoberesponsibleforpublicrelationsamongTVstations,communityandsocietytoconveyour
goodattitudeandselectsuitableTVprogramstoentertainallviewersincludinglisteningtoallopinionsand
suggestionsfromsocietyandcommunityforfurtherimprovement.
Environment: TheCompanygrouphasapolicytooperatethebusinesswithoutdestroyingenvironment,
butsupportingallcampaignsororganizationstopreserveenvironment.AsTheBangkokEntertainmentCo.,Ltd.
operatesthebusinessoftelevision,amediawithhighestcapacitytoreach96%ofthepeoplethroughoutthe
country,otherthanthoseactivitiesforenvironmentinitiatedbyTheBangkokEntertainmentCo.,Ltd.itself,
theCompanygroupalsohasapolicytosupportactivitiesandcampaignsofvarioussectors/organizations,
havingobjectivestopreservetheenvironment,byjoiningsuchactivitiesandcampaigns,i.e.,joiningwithThai
militaryforce,RoyalForestDepartmentandtheDepartmentofNationalParks,WildlifeandPlantConservation
toarrangefor“ForestRecoverybyRoyalPrestige”activityattheNationalConservedForest,leftpartforestof
PacheeRiver,AmphurChomboung,RatchaburiProvince,acitivty“RakPhaaRakNam@SamuiIsland,joining
withtheTourismAuthorityofThailandtoarrange“DeclarationtoPreserveEnvirnment”activity.Withrespect
tosocialsupportactivities,theCompanyGrouphasjoinedwiththeMinistryofCultureandDMGPublisherto
arrangefor“WearingThaiCloths–OfferingGoodBooktoMonk’sBowl”,givingto99monkstocarryongood
traditionandculture.Inaddition,theCompanygrouphasjoined“WorldNo-TobaccoDay2009”campaignto
preventteenagersfromsmokingandmakepublicawareofbadeffectofcigarette,“the16thActivityforFighting
againstColdfromWinter”byjoiningwithAirforceandSiamCommercialBanktoprovideaidtoyouthinrural
area,givingsurvivalbagsfromthePrincessPaFoundation,givingblankets,consumergoodsandarrangingfor
miniconcertfromactorsgivingrevenuefromsaleofticketsto13BorderPatrolPoliceSchoolsfortheirfurtheruse.
73ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
Indemnification: theBoardhasimposedcompensationpackageforanyinterestedpersonwhohasbeen
injuredfromtheCompany’sviolation.Insuchcircumstance,theCompanywillappointacommitteetoconsider
compensationtoanyinjuredpersonsinreasonable,fairandefficientmeasuretomitigatesuchdamage.
Mechanism for Interested Person’s Participation:theBoardhassetprocedurestoallowallinterested
persons toparticipateby requestingall relevantunits responsible foreachgroupof interestedpersons to
arrangeformeetingandhearingfromeachgroupofinterestpersonsandreportingtotheBoardofDirectors
andrelevantsub-Committeeforacknowledgementoftheiropinionandsuggestion.TheCompanySecretaryhas
beenassignedtobeaco-ordinator.Anyinterestedpersonmaysendaproblem,opinionoranysuggestionto
theBoardandeverySub-committeethroughtheCompanySecretarydirectlyorviatheCompany’swebsite.In
addition,theBoardhascontrolledandmanagedalldivisionstodisclosesufficientinformationwithinreasonable
timetoenabletheinterestedpersontohaveparticipationefficiently.
Notification or Complaint for Illegal Transaction:theBoardhasprescribedproceduresforanotification
andcomplaintofanyillegaltransactionorimmorality,incorrectfinancialstatementordefectiveinternalcontrol
systembynotifyingsuchmatter(s)totheInternalAuditOfficetoexamineandreportsuchmattertotheAudit
Committee,subsequently.Suchcomplaintshallbedeemedtobe“confidentialinformation”,withoutdisclosing
nameofthenotifyingorcomplainingpersontopublic.TheInternalAuditOfficewillconductaninvestigationof
informationandprepareareportofsuchinvestigation.
Section 4 Information Disclosure and Transparency TheBoardhaspaid attention to informationdisclosure and transparencyby settingCGPolicy, under the
information disclosure and transparency section. The Company will conduct business with transparency and
availabletobeexaminedandshalldisclosesufficientinformationtoallrelatedpersonscompletely,correctlyand
notmisleadingor concealinganymaterialmatters. The information tobedisclosedmustbeupdated, and the
disclosuremustbetimelyandwidelydone.
Efficiency of Information Disclosure Process The Company has disseminated all material Company’s information, both financial information and
non-financialinformationcorrectly,completely,timelyandtransparentlyinaccordancewiththeregulations,
prescribed by the SET and SEC through SET and the Company’s website by updating such information,
consistently.In2009,theCompanycompiledwithallregulationscorrectlyanddidnothaveanypenaltyin
relationtotheoffenceofnon-disclosure.
To develop information disclosure system in efficiency way, IR Unit has evaluated efficiency of such
systemandimposekeyfactorforsuchvaluation.Withrespecttoreport/informationtobefiledwithindefinite
periodi.e.filingonetimeperyear,orperquarter,theCompanyattemptstoexpeditesuchsubmissiontobe
faster and also provides efficient information regarding completeness and correctness of contents and
disclosure of sufficient information for benefits of shareholders and investors. The Company has also
disclosed all information required to be disclosed under the SET rules for analysts and media, via the
Company’swebsiteassoonaswecantoenableallinterestedpersonstoaccessthesaidinformation.Incase
of amistake inpreparationanddisclosureof the information, to solve suchproblem, theCompany shall
prepare a memorandum, containing mistake issue and delay, indicating reasons and resolutions for the
benefitsof colleaguesandother relevantpersons to referanduse it for consideration inplanning for the
subsequentdisclosure.
74 ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
TheCompanydisclosed informationas specified in56-1Form in this2009AnnualReport, providing
detailsregardingdirectordutiesforthepreviousyearincludingperformanceoftheAuditCommitteeandthe
NominatingCommittee,compensationpaidtothedirectors,theexecutiveofficers,thebusinessethicsandthe
director’strainingrecord.
Quality of Financial Report:TheBoardhasmadedirectorresponsibilityreportregardingfinancialreportsigned
byChairmanasshownonpage22ofthisreport,tobeproposedtoshareholders,asspecifiedinthe2009
AnnualReporttogetherwithauditorreport.
IR Unit TheBoardhasestablishedIRUnitunderdirectcontrolofFinanceDivision,responsibleforpreparation
andsubmissionofreportsinaccordancewithregulationsoftheSETandSECincludingdisclosureofmaterial
information,bothfinancialinformationandnon-financialinformation,suchas;notifyingofmaterialresolutions
oftheBoardofDirectorsi.e.resolutiontocallfortheshareholdersmeeting;fixingthedateofclosingshare
registerbook,anddividendpayment,andetc.,providinginformationandnewsontheCompany’sactivitiesto
communicatesuchinformationtoallshareholders,investors,securitiesanalystandalsogeneralpublicwhere
theinformationtobedisclosedtimelymustbecorrect,completeandupdated.
The Board has appointed Mr. Chatchai Thiamtong, Vice President of Finance Division, to be the
authorizedpersontosigninfilingofinformationapplicationformviainformationdisclosuresystemofSET,
and to be a representative of the Management Division in providing the Company’s information to
shareholders, investors, analysts, press reporters and relatedgovernment authority including clarifyingon
any rumorbydisclosing informationwith respect to theCompany’s development in accordancewithSET
regulationsregardinginformationdisclosureoflistedCompany.
In addition, IR Unit is a coordinator between TSD - the Company Registrar to render registration
service(s) for shareholders and closing of share register book, preparation and submission of various
documentstoshareholdersviamailincludingpreparationandsubmissionofdividendcheckortransferring
dividendtoshareholdersbankaccount.
TheinvestorscancontactIRUnitat:
IR Unit located at
30thFloor,MaleenontTower
No.3199,Rama4Road,Klongton
Klongtoey,Bangkok10110
Tel:(66)2262-3635
Fax:(66)2262-3170
E-mailaddress:[email protected]
Communication channel of the Company:TheBoardhassupported IRUnitbygivinganopportunity toall
shareholders,investors,analystsandreporterstoaccesstheCompany’sinformationthroughvariouschannels,
suchas,throughtheCompany’swebsite,www.becworld.com,otherthanthroughtheSETmedia,todisclose
theCompany’sinformationtopublicwidely,whentheIRUnitdistributesanyCompany’sinformationtomedia,
analystsandinvestorsregardinginformationinthebusinessindustryandtheCompanygroup,theCompany
shallpostthesaiddocumentsontheCompany’swebsite,bothinThaiandinEnglishversion,sothatany
personmayfollowupontheCompany’sinformationandthebusinessindustryconsistently,havingdetailsas
follows:
75ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
• Vision, information regardingbusinessoperationof theCompanygroup,Board’s report, structureof
BoardofDirectorsandshareholdingstructure,showingactualinvestment;
• Annual report, invitation letter for shareholders meeting and related documents to be sent to all
shareholdersshowingthesamedocumentsassenttoshareholdersviaregisteredmailbypostingsuch
informationontheCompany’swebsite,priortodeliveryofthesaiddocumentsviaregisteredmail.The
Company is always able topost such informationonwebsite onor before the closingdateof share
registerbookforcallingshareholdersmeeting.
• Shareholdersmeetingminutes shall bepostedon thewebsitewithin14days after the shareholders
meetingdate;
• Financial statement andnewswhich theCompanydistributes throughSET system.Such information
shallbepostedafterfilingitwithSETthroughELCIDsystem;
• Informationforanalystsandinvestorsinanyinvestormeetingshallbepostedsothatthedisclosureof
theCompany’sinformationiswidelymade.
IR Activities In2009,IRUnitarrangedandjoinedthefollowingactivities.
• Analystmeetingandpressconferenceatheadoffice,totally4timesbyholdingsuchactivitiesinthenext
following working day after filing financial statement of 2008 and financial statement of 1st – 3rd
quarterof2009.Duringalmosteverymeeting,Mr.ChatchaiThaimtong,VicePresident-FinanceDivision,
Mr. SurinKrittayapongpan,Marketing andSaleDirector of themain subsidiary of theCompany and
Mr.PravitMaleenont, anexecutivedirector, usually attended themeeting toprovide informationand
clarificationregardingoperatingresult,marketing,policy/businesstrendtotheanalystsdirectly.
• Joining activities entitled “Opportunity Day” held by SET by attending 4 meetings with minority
investors. The activitieswere arrangedafter the analystmeeting around1month toprovide current
marketinformationtominorityinvestorsotherthanmeetingfortheanalysts.
• Inaddition,theCompanyhasassignedMr.ChatchaiThaimtongtojoinsomeactivitiesheldbysecurities
companiesi.e.inJanuary2009,joiningThaiCorporateDaysinSingaporeandHongKongasarrangedby
ThanachartSecuritiesCompany, inFebruary2009, joiningTISCOCorporateDayasarrangedbyTISCO
Securities Company, in March 2009, joining JP Morgan’s Thailand Corporate Access Forum 2009 at
SukhothaiHotel,Bangkok, inSeptember2009,attendingCLSAInvestor’sForum2009asorganizedby
CLSA SecuritiesCompany, inOctober2009, joiningSETSingaporeRoadshow:EconomyRecoveryand
Domestic Playduring27-28Ovtober2009as arrangedby theSET andSiamCommercial Securities
Company.Mr.PravitMaleenont,anexecutivedirector,occasionallyjoinedthesemeetingstomeetforeign
investors.
• Inaddition,givinganopportunitytoinstitutionalinvestors,bothlocalandinternational,tovisitbusiness
entityandmeetexecutivedirectors(CompanyVisit),consistently,especiallyafterfilingtheoperatingresult
reportwithSETwhereroughlytherewere2-3institutionalinvestorsvisitingtheCompanyperweek.
Plan for conducting IR activities for 2010, havingdetailsasfollows:
1. ToarrangefortheanalystsmeetingandpressconferencefortheoperatingresultattheCompany’shead
office,ineveryquarterbyconductingsuchactivitiesonthedateafterfilingfinancialstatementwithSET
throughELCIDsystemandwithSEC.
2. TomeetwithminorityinvestorsatSETeveryquarterbysettingthedateforsuchmeetingaround30-45
daysdifferentfromthemeetingwithanalysts.
76 ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
3. TogiveanopportunitytolocalandinternationalinvestorstovisittheCompanyandmeetexecutivedirectors
(CompanyVisit)attheconvenienceofexecutivedirectors,exceptsomefinancialperiod–2weeksbefore
closingthefinancialstatements.
4. Toattendinvestoractivitiesasinvitedbysecuritiescompanies,bothlocallyandinternationallytomeet
allinvestors.ThetentativeplansaretoattendtheactivitiesforAsianinvestors,tobeheldin,eitherHong
KongorSingapore,approximatelytwice,andonceinEuropeandonceinUSA.
Section 5 Directors Responsibilities 1. Structure of Board of Directors 1.1.Thereare12membersofBoardofDirectors,comprising7executivedirectorsand5nonexecutivedirectors
providedthatamongthosedirectors,thereareatleast3independentdirectors.In2010,theCompany
shall request the shareholdermeeting to appoint2 additional independent directors to complywith
regulationsregardingsecuritiesissuanceandoffering.Aftertheadditionaldirectorsaredulyappointed,
theCompanyshallhave14directors,comprising7executivedirectorsand7nonexecutivedirectors.There
are5independentdirectors,causingtheCompanystructuretohaveatleast1/3ofindependentdirectors
fromthetotaldirectorswhichisadequatetoensuretheefficiencyoftheapplicationofCGrulesandthe
auditoftheCompany’smanagement.
1.2 TheBoardhasappointedtheNominatingCommitteetoassisttheBoardinlookingforqualifieddirector
andmanagementoftheCompanybysettingminimumcriteriaandqualificationsforqualifiedcandidateto
beamanagementanddirectoroftheCompanyinaccordancewiththeprescribedofficialandtransparent
rulesandmethods.Apartfromconsideringprofessionaldirectors,theNominatingCommitteealsolooks
forcandidatefromvariousprofessionalsinordertomaketheBoardcomprisingofqualifieddirectorswho
cansupporttheCompanygroup’sbusiness.TheNominatingCommitteeisentitledtoperformtheirduties
independentlytoproposecandidatesfordirectorshiptotheshareholdermeetingforfurtherapproval.In
casedirectorcompleteshisdirectorshipterm,theCompany,bytheNominatingCommittee,shallselect
thequalifiedcandidatetobeproposedtotheshareholdersmeetingforconsideration.In2009,therewas
noproposalfromminorityshareholderstonominateanypersonasadirectorcandidate(s).
1.3 TheBoardofDirectorsconsistsofexecutivedirectors,havingskillsinentertainmentbusinesswhereeach
ofthemisresponsiblefordifferenttaskwhichissubjecttohis/herexpertise.Eachindependentdirector
isprofessionalinacademicareaandoneofthemisaskillfulprofessionalpersoninaccountandfinancial
area.Everydirectorhascompetentknowledgeandqualificationswithdiversifiedexperiences,morality,
honestyandwillingnesstousetheirbestendeavorfortheCompany.Allofthedirectorshaveperformed
theirdutieswithbestcapacityanddedicatedthemselvesfortheCompany.ListoftheBoardofDirectors
andtheirresponsibilitiescanbeviewedonpage60-61.Listofmanagementandexecutiveofficersisshown
onpage62ofthisreport.
1.4 TheChairmanalsoassumespositionofChiefExecutiveOfficer(CEO)aswell.However,inpractice,Chief
OperatingOfficer(COO),whoisalsotheSeniorExecutiveVicePresidentshallbeassignedtomanagethe
Company.Chairman,CEOandalldirectorswillco-operateandindividuallyworkintheirownposition,
separately.ChairmanwillbepolicyleaderandCEOwillbeleaderinmanagement.
1.5 TheBoardhasimposedqualificationsof“IndependentDirector”oftheCompanybyapplyingcriteriawhich
ismorestringentthantheminimumcriteriaoftheSECbysettingshareholdingratio,lessthan1%oftotal
votingshares.Thedefinitionandqualificationof“IndependentDirector”isshownonpage60-61ofthis
reportandManagementSectionoftheAnnualReport.
77ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
1.6 Thereare7executivedirectorsand1non-executivedirector,whoaremembersofMaleenontfamily,
amajorityshareholderoftheCompany,holdingtotally57%intheCompany.Theremainingsharesare
heldbyminorityshareholders.
1.7 For disclosureof informationof theBoard’ s structure, it is shown inAnnualReport,which clearly
indicatesdirectorsrepresentingshareholders,non-executivedirectors,independentdirectorsandexecutive
directors.
1.8 ThetermfordirectorshipbothdirectorandSub-committee,are3years,withoutlimitationofnumberof
terms.
1.9 As theexecutivedirectorshavenormal routinemanagementworks in theCompanyandsubsidiaries,
assuming the position of director in other companies may disrupt some routine works. The Board,
therefore, has set a policy that executive director may assume the position of director in other
companies,whichtheCompanyhasmadeinvestmentandhasconditionofsendingrepresentativetoact
asdirectorstojointlycontrolandmanagethecompany.Fornon-executivedirector,heshallnotassume
thepositionofdirectorinothercompaniesmorethan5listedcompanies.However,ifitisnecessaryto
assumethepositionofdirectormorethan5companies,suchdirectorhastoobtainpriorapprovalfrom
theBoardofDirectors, so that thedirector shallhavesufficient time toperformhisduty.Pleasesee
furtherdetailsofexecutivedirectorsandcontrollingperson,page92-97ofthisreport. In2009,there
wasonly1nonexecutivedirectorassumingthedirectorpositioninother2listedcompanies.
1.10 As theseniormanagementhasnormal routinemanagementworks in theCompanyandsubsidiaries,
assumingpositionasdirector inothercompanies,maydisrupthiscompany’stheroutineworks.The
Board,therefore,hassetapolicyrequiringtheseniormanagementtoseekapprovalfromtheBoardof
Directors.Theapprovalshallbegrantedifassumingsuchdirectorpositioninothercompanies,doesnot
affectCompany’sworksunderhisresponsibilityandthereshouldbelimitationofliability.Inthepast,the
CompanyusedtograntapprovaltoafinancedirectortobeanindependentdirectorandAuditCommittee
inalistedCompany.Now,noneoftheseniormanagementisadirectorinotherlistedcompanies.
1.11 The Board has appointed Mrs.Chalaipon Ittithavorn to be the Company Secretary, having minimum
responsibilityasrequiredbySecuritiesandStockExchangeAct,i.e.,meetingarrangement,preparation
andkeepingofminutes forboth theBoardofDirectors and shareholdersmeeting, including, report
regardingdirectorandmanagement’sinterest. Incasethereisanypendingissueinthemeeting,the
Company Secretary shall co-operate with various divisions to inform the Board or sub-committee
meeting resolution to the relevant divisions for their acknowledgement, aswell as to followup the
compliancethereof..TheCompanySecretaryshallalsorenderadvicerelatedtorulesandregulations
regardingmaintenanceof statusof listedcompany inSETandall relevant lawsconcerningbusiness
operationoftheCompanywhichtheBoardshallbeawareof.Inaddition,theCompanySecretaryshall
beresponsibleforactivitiesoftheBoardofDirectors,andallsub-committeescollectingandproposing
anytrainingprogramfortheBoardandcoordinatingtoprocessandfacilitatetheseminarregistration
for theBoard includingassigning to supervise IRUnit’sworkswith the responsibilities tohandleall
activitiesofshareholders/investorsandtoprovideinformationtoanalystsandinvestors.TheBoardhas
arranged for adequate number of officers at the Company Secretarial Office for assisting the
performanceoftheCompanySecretary.
78 ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
2. Sub – Committee 2.1 TheAuditCommitteeconsistsof3independentdirectors,oneofwhichhasgoodknowledge,understanding
andexperienceinaccountingandfinancearea.
2.2 TheBoardofDirectorshasapprovedroles,duties,responsibilitiesandCharteroftheAuditCommitteein
writing.
2.3 QualificationsoftheAuditCommitteeareincompliancewithregulationsofSETandSEC.
2.4 TheAuditCommitteehasconsistentlyreportedtheirperformanceresulttotheBoardofDirectorsatevery
meeting.Further,thereportofpastyearperformanceisalsoshownonpage4-5.
2.5 TheBoardofDirectorsdidnotappointanysub-Committeetoconsidercompensationpackagefordirector.
Toconsidersuchcompensationfordirector,theBoardofDirectorshasconsideredthematterbasedon
informationprovidedbytheSETrelatingtocompensationtodirectoroflistedcompanyandproposedthe
considerationresulttotheshareholdersmeeting,asshownininvitationletterforconsideration.
2.6 TheBoardhasappointedtheNominatingCommitteetolookforqualifiedcandidatetobeappointedas
directorandseniormanagementasspecifiedintherelevantrulesandprocedure.
2.7 TheBoardhasapprovedroles,duties,responsibilitiesorCharteroftheNominatingCommitteeinwriting.
2.8 TheNominatingCommitteeconsistsof3executivedirectors,listoftheNominatingCommitteenamesare
shownonpage63.
2.9 In2009, theNominatingCommitteehas reported theperformance result to themeetingofBoardof
DirectorNo.2/2552,heldon17March2009.Numberofmeetingsof theNominatingCommitteeand
theirperformanceareshownonpage64.
Roles, Duties and Responsibilities of the Board of Directors
TheBoardhasconsidered,andapprovedallsignificantmattersregardingcorporatemanagement,suchas,
vision,strategy,financialtarget,risk,budgetplan,control,management,including,supervisingandcontrolling
ManagementDivisiontoconductthebusinessinaccordancewiththepolicyandstrategyinefficiencywayto
enhancebusinessvaluefortheCompanyandshareholdersincludingforthebenefitsofallrelatedparties.
InthefirstmeetingoftheBoardofDirectorofeachyear, theexecutivedirectorsshallproposetothe
BoardofDirectorsforapprovalofthedeterminationofvision,task,strategy,financialtarget,risk,workplan
and budget, then communications regarding strategy, objective, and etc., as approved by the Board of
Director shall be made to all directors, executive directors, employees for clear understanding. The
communicationshallbemadethroughthemanagementatVicePresidentlevel.Inthisregard,theCompany
hasarranged for intranet to support efficient communicationwithin theorganization. The secretaryof the
BoardofDirectorshallfollowupwithexecutiveofficerstocollectinformationandpresentoperatingreport
andprogressaccordingtoworkplanapprovedbytheBoardofDirectoronaroutinebasis.TheBoardhas
divided power of each director and the Management Division clearly, as shown in Section “Scope of
AuthorizationoftheBoardofDirectors”onpage61and“ScopeofAuthorizationofExecutiveDirectorand
ManagementOfficer,onpage62ofthisreport.
CG Policy
TheBoardhaspaidattentiontoCGpolicybyfollowingupthedevelopmentofcompliancewiththeCGpolicy,
alsoupdatingevaluationreportregardingproblemsandbusinessobstaclesandgivingreasonablecomments
andsuggestionincludingimprovingthesaidpolicyasdeemedappropriate.
79ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
TheBoardhassetCGpolicyinwrittendocumentsforallemployeesintheorganizationtoacknowledge
andcomplywithsuchpolicy.TheBoardhasassignedHRDivisiontosetupsomeactivitiestocampaignand
promotetheCGpolicytoallemployeestocomplytherewith,suchas,settingupanannouncementboardfor
postinganyknowledgeinformation,communicationthroughintranetsystemandreviewthesaidpolicyatleast
onceayeartoupdatesuchpolicy.
Afterfollowingupcomplianceofthepolicy,wefoundthatemployeeshaveadjustedtheirattitudesand
acceptedtheimportanceoftheapplicationoftheCGruleswithintheorganization.Employeeshaveapplied
theCGpolicytowelladaptwiththeirdutiesresultinginchangesoforganizationculturetomeetinternational
standardintermsofmanagement,andtransparencyasreportedherein.
Code of Conduct
TheBoardhaspreparedwrittenCodeofConduct,consistingof6Sectionsi.e.1)CodeforCustomer;2)
CodeforCompany;3)CodeforOurselves;4)CodeforSupervisor;5)CodeforColleague;and6)Codefor
PeopleunderControl,asshown in theEmployeeHandbookalreadydistributedtoallemployeestoenable
directors,managementandallemployeestounderstandthesaidCodeofConduct,whichtheCompanyhas
appliedinconductingbusiness.TheBoardofDirectorshasprovidedintranetsystemforcommunicationand
publicrelationofgoodconductswithinorganization.Shouldanyemployeehaveanyqueries,heorshemaypost
suchqueriesontheweb-boardthroughIntranetsystem.Inaddition,communicationthroughinternale-mail
systemcanalsobedoneaswell.HRDivisionisresponsibleforcampaigningittoencourageallemployeesto
complytherewithbypreparingnoticeboardtoannouncenewsandrelevantinformationattheemployeerest
areaandthroughtheIntranetsystem.Initially,theCompanyexplainedandcommunicatedwithemployeesto
understandobjectiveoftheCodeofConductwhereinrealityallemployeeshadalreadybeenawareofitand
compliedtherewithbeforeitwascompiledandmadeitinwritingbyHRDivision.Now,informationandnews
relatingtotheCodeofConductdistributedandpresentedofteninvolveissueandcasestudyoftherealevents
tobeusedasaguidelineforemployees’duecompliance.Thepresentationcontainsinterestingpresentation,
friendlydiscussion,slidepresentationandcolorfuldocuments,andetc.
All employees voluntarily follow with the said Code of Conduct. The Company encourages them to
realizethevalueofCodeofConductcompliance.Inaddition,headofeachunitalsoplaysimportantrolein
suchencouragementsincehe/sheisfamiliarwithallemployeesunderhis/hercontrol.Supervisorhastogive
suggestions including stimulating all employees under his/her control and supervision to strictly comply
therewith, evaluating an appropriateness of Code of Conduct as well. The Board also follows up the
complianceofCodeofConductbyemployeesinorganizationviaManagementSection.In2009,therewasno
problemintheapplicationandcompliancewiththeCodeofConduct.
Potential Conflict of Interest Transaction TheBoardofDirectorshas imposedcriteriaof“Conflictof Interest” issueby instructingdirectorsand
managements,havingdirectandindirectinterestinenteringintoanybusinesstransactionwiththeCompany,
to clarify such details with the Board upon being aware of the said transaction. In addition, during
considerationofthesaidconflictofinteresttransaction,allinteresteddirectorsshallnotattendthemeeting
insuchagendaandlettheremainingdirectorshaveindependentviewtomakeafinaldecisionaboutsuch
transaction.Regardingpotential and significant conflict of interest transaction, theBoard shall assign the
independentdirectorstoreviewandscrutinizesuchmatters,subsequently,proposingconsequenceoftheir
80 ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
considerationtotheBoardofDirectors.IncasetheBoardhasnoexpertisetoconsiderthesaidconnected
transaction,theBoardcouldassignanindependentexpertorcorporateauditortoprovidetheirownopinion
regardingthesaidtransactionassupportinginformationfortheBoardofDirectorsorshareholders.InMarch
2010,theBoardofDirectorhasconsideredrenewalofleaseAgreementtoleaseMaleenontTowerbuilding
whichisdeemedtobe“aconnectedtransaction,3yearsshort-termleasecategoryandsupportingroutine
services”.ThesaidconnectedtransactionsfellwithintheexceptionofSETnotificationregardingconnected
transaction and arm’s length doctrine. It was within the scope of the Company’s Board of directors to
exclusivelyconsiderandapprovesuchtransactionwithoutapprovalofashareholdersmeeting.However,the
Company had to disclose such transaction to the SET. During the said 2 meetings, all directors, having
conflict of interest, left the meetings prior to commencing of such agenda. The remaining directors,
independently,consideredandapprovedthesaidtransactions.Inaddition,those2transactionshadalready
beenreviewedandconsideredbytheindependentdirectors,wherehisopinionhadalsobeensubmittedto
the Board of Directors for consideration. The Company also filed information disclosure through ELCID
system,disclosing suchdetails in the remarkof financial statement, correctly.Such information regarding
conflictofinterestof2009isshownonPage86“ConnectedTransactionwithRelatedPartywhichmaycause
ConflictofInterestintheyear2009”ofthisreportaswellasAnnualReport.
Internal control TheCompanyhasprescribedandmaintainedalleffectiveinternalcontrolsysteminordertoreasonably
ensurethatallaccountingdataisrecordedwithcorrectness,accuracyandsufficientfortakecareCompany’s
assets.Thisalsopreventsall fraudsandmalpractice.TheBoardofDirectorshasalsoappointed theAudit
Committee and the Internal Audit Office to review and examine adequacy and suitability of the internal
control systemof theCompanyand its subsidiaries, to identify internal controlweakness, to recommend
improvement andpreventingmeasures, tomanage risksof theorganization. Toprovide independencyof
operationofInternalAuditOfficeandobtainco-operationfromalllevelsofstaff,theBoardofDirectorshas
published charter of the Audit Committee and the charter of the Internal Audit Office to keep all staffs
thoroughlyinformed.
TheAuditCommitteeholdsmeetingswiththeAuditorandtheInternalAuditors,onaregularbasis,at
leastonceforeveryquartertodiscussandassessadequacyandsuitabilityofinternalcontrolsystemofthe
Company and its subsidiaries. The Audit Committee also reports their operation and recommendation in
systemimprovement,aswellas,pursuitofsuchrecommendationstotheBoardofDirectorsintheBoardof
Directors Meeting. The Audit Committee and the Board of Director unanimously agree that the internal
control systemof theCompanyand its subsidiaries is appropriate andadequate. Full report of theAudit
Committeeisshownonpage4-5.
The InternalAuditOfficehasbeenassignedby theBoardofDirectors toassess the internal control
system,atleastoncetimeperyearandreportsuchresulttotheBoardofDirectorsviatheAuditCommittee.
Theresultofsuchassessmentfortheyear2009,asreportedthroughtheAuditCommitteeinJanuary2010
andreportedtotheBoardofDirectoron11February2010,respectively.ItindicatesthattheCompanyhas
acceptable internal control system. Such result of assessment has already been passed to the Executive
Directorsandauditorfortheiracknowledgementandimprovement.
81ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
Risk Management Policy TheCompanyhasimposedariskmanagementpolicytocoverorganization.AllDivisionsshallparticipate
inriskmanagementprocessbylettingeverymanagertosurveypotentialproblemsinhisowndivision,suggest
goodsolution toprevent andeliminateor lowerproblemsand risk, giveaguideline tominimizepotential
damages.TheInternalAuditOfficehasbeenassignedtobethemainauthoritytoco-ordinatewithallunitsin
theorganizationforriskmanagementandreporttotheBoardofDirectorsperiodically,particularlyinacase
where there isa changeof risk level. TheBoardofDirectorshasalso focusedongivinganadvancealarm
signalofanyunusualtransaction.Inaddition,theInternalAuditOfficeisrequiredtoreviewthesystemandthe
efficiencyof riskmanagementevaluation,at leastonceayearand report to theBoardofDirectorsandall
relevantmanagements.In2009,therewasnotransactionwhichmightcreatesignificantriskontheCompany.
Board of Directors Meeting 1. TheCompanySecretarypreparedamemorandum,notifyingofallmeetingsinadvancethroughoutthe
year,bysendingittoalldirectorsattheendofDecember,lastyeartoenablealldirectorstoallocatetheir
availabletimesforallmeetings.
2. TheCompanyhasdeterminedtoconveneBoardofDirectorsmeetings,atleast5timesperyear.Themain
agendaofthe4meetingsshallbetheagendaofapprovingtheoperatingresultbeforedisclosingittopublic,
andtheremainingmeetingshallbetheconsiderationtoconveneanannualgeneralshareholdersmeeting.
In2009,therewere5meetings.(DetailsofthemeetingsareshowninManagementSection,page61).
3. ChairmanandSeniorExecutiveVicePresident,shalljointlyconsiderandselectagendatobeproposedto
theBoardofDirectorsmeetingonwhereeachdirectorshallhavetherighttoproposehisagendatothe
meeting,independently.
4. TheBoardofDirectorshasassignedtheCompanySecretarytodeliversupportingdocumentstoalldirectors
in advance, approximately one week, to enable them to have enough time to study all information.
Supportingdocumentsshallhavematerialinformationsufficientforconsideringeachagenda.Inthepast,
therehadbeensomeproblemsregardinglatedeliveryofsupportingdocuments.Theproblemwassolved
bydeliveringonlycompletedocumentsofrelevantagendatoalldirectorsinadvancewheretheremaining
documentswouldbedeliveredthereafter,assoonaspossible,butatleast3daysbeforethemeeting.
5. TheBoardofDirectorsmayinvitemanagementoranyperson(s)involvingineachmatterforenquiryofany
detailsduringthemeeting.
6. During themeeting, theChairman shall allocate reasonable time for all agendas. TheChairman shall
commence the meeting by giving opportunities for all directors to independently express their own
opinion.All directors shall have rights to raise issue tobe considered,giveopinionandsuggestions,
independently. The meeting will hear all opinion and comments before making decision based on
reasons,justificationandappropriateness,especiallyinimportantagenda.Tohavecorrectandmutual
understanding,theChairmanwillsummarizearesolutionattheendofeachagenda.Generally,ittakes
3hoursapproximatelyforeachmeeting,whichisdeemedtobepropertimefortheBoardofDirectorsto
considerthematterthoroughly.
82 ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
7. Afterthemeeting,theCompanySecretaryshallberesponsibleforpreparingtheminutesofthemeeting
tobecompletedwithin14days.TheCompanySecretaryshallreviewtheminutestoensurethatitshall
contain relevant details, namely, date, time, list of attending directors, summary of all agendas, all
discussionsandremarks,opinion,suggestionofeachdirector,resolutions,.(foracasewherethereisno
unanimousvote,nameandopinionofdirectorwhodisagrees(ifany),mustalsobeincluded),nameof
thepersonwhorecords theminutes,nameof theCompanysecretarywhoreviewstheminutes,allof
whichmustbeclearandcomplete.TheCompanySecretaryisindependentinconsideringtheaccuracy
andcompletenessoftheminutes
8. The Company Secretary shall be responsible for keeping all invitation letters, meeting minutes and
supportingdocumentsandarrangeforgoodfilingsystemforeasysearchingandretrieval.TheCompany
hascustomarypracticetocertifytheminutesinthesubsequentmeeting.Amendmentoftheminutescan
not be made without the meeting’s approval. Then, the minutes duly certified shall be sent to the
Chairmanforsigning.
9. NumberoftheBoardofDirectorsmeetingsissuitablefornatureofdirectordutyandbusinesstypesince
the Chairman and executive director shall select and gather all agendas required for the Board’s
approvaltobeincludedin5mainmeetingsasscheduledatthebeginningofeachyear.Ifitisnecessary
toconveneadditionalmeeting,suchadditionalmeetingmaybeconvenedasappropriate.
10. SincetheBoardofDirectorsmeetingisnotconvenedeverymonth,theCompanySecretaryshallprepare
areportoftheCompany’soperatingresultandsubmitittotheBoardofDirectorseverymonth.
11. Ifnon-executivedirectorsdeemsproper,theymayconvenethemeetingasnecessaryamongthemselves
withoutattendanceofexecutivedirector,todiscussanyproblemandsubsequentlyinformthemanaging
directoroftheresultofthemeeting.Suchmeeting,normally,convenesbeforethemeetingofBoardof
Director.TheCompanySecretaryisresponsibletoarrangeformeetingplace.
Evaluation of Director Performance theBoardofDirectorshassetadirectorevaluationtoassesstheirownperformance,atleastonceayear,
byevaluatingperformanceofalldirectorstogetherwithoutindividualevaluation.TheBoardhasmutuallyset
thecriteriaforsuchassessmentbyusingtheformsdevelopedfromsamplesadvisedbytheSET.Afterreceiving
theevaluationresult,theBoardwilldeterminedirectionto improveworkingprocesswithanopportunityfor
everydirectortoexpresshis/herview,independently.In2009,theevaluationwasconductedonFebruary11,
2010.
Director Compensation TheBoardofDirectorshassetapolicytopaymonetarycompensationfordirectorsuitableforeconomic
condition,directorresponsibilities,operatingresultandnatureofbusiness,byimposingthecriteriafordirector
compensation, namely, 1) comparing with director compensation of other listed companies in the same
industry, or those having similar income or profit; 2) Operating result of the Company; 3) reasonable
compensation,suitableforobligation,dutyandresponsibilityofdirector.Thedirectorwhohasmoredutiesand
responsibilitiesshallreceivemorecompensation.Theprocedureforreviewingdirectorcompensationannually
istransparent.TheBoardwilljointlyconsiderthedirectorcompensationattheBoardofDirectorsmeetingand
submit it for furtherapproval intheshareholdersmeeting.Allcompensationshallbepaid inmonetary form
only.Detailsofcompensationareasshownonpage65.
83ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
CEO Compensation Since the Company has no Sub-Committee to consider compensation, the Board of Directors shall
considerandapprove compensation forCEOby take intoaccountofduty, responsibility,performanceand
businessprofit of theCompany.TheBoard shall evaluateCEOperformanceby comparingwith theannual
business target. TheBoardofDirectoralso considered information regardingdirectorandexecutiveofficer
compensationoflistedcompany.
Director and Management Development TheBoardofDirectorpaysattentiontodevelopmentofdirectorsandexecutiveofficersbyencouraging
them toattend seminarand training course,building their knowledgeandexpertise formanagement. The
Companyshall supportexpensesandvarious facilities.Especially forDAPprogramof IOD,almostdirectors
have already attended such program and 2 of them have already attended DCP program. The Company
Secretary has been assigned to look for good training program(s) to be proposed to each director for
considerationwithoutrestrictionforonlyprogramorganizedbyIOD.TheBoardofDirectorshassupportedthe
CompanySecretary toattendDCPprogramorganizedby IOD,andencouraged IRofficersand internalaudit
officer,responsibleforCGmatter,toattendCGtrainingprogramorganizedbyprivatesector.Inaddition,the
Company, byHRDepartment, also arranged for internal trainingprogram for generalmanagement for all
personnelandspecificprogramsuitableforeachunitwhichallexecutivescouldattendsuchprograms.
Successive Plan for Company Management TheBoardofDirectorshassetsuccessiveplanforcompanymanagement.TheBoardofDirectorsfocuses
ondevelopmentofdirectorandmanagementcapacity,bypreparingsuccessiveplan.TheCompanyhasalready
preparedcandidatesorsuccessor forChairman,CEO,COO,VicePresident, temporarilyandpermanently,by
appointing senior executive to be temporary successor to replace in important position. With respect to
permanentcandidateorsuccessor,theNominatingCommitteeshallconsideroncasebycasebasis.In2009,
theCompany applied the successiveplan temporarily onlywhenChairmanandCEOwerenot capable of
attendingtheshareholdersmeetingandincaseCOOisnotavailableduetotravelingabroad.
5 Supervision on the Use of Insiders’ Information TheCompanyhaspolicyofprohibitingexecutivestouseinternalinformationoftheCompanyfortheirown
benefits including tradingofCompany’s securities. TheCompanyhas already informedall executives and
employees suchpolicyandpracticalguidelinesaswell as recommendationof theStockExchangeand the
SecurityandExchangeCommissiononthemattersinorderforthemtobeawareoftheexpectingstandardand
tostrictlycomplythereof.TheCompanyinstipulatedthatthedirectorsandexecutivesmustimmediatelyreport
to theCompany incaseof tradingof theCompany’ssecurities.Such reports (ifany)shallbecollectedand
represented to theBoardofDirectorsat the followingmeeting.Theexecutivesarenotallowedtousesuch
informationfortheirownbenefitortodiscloseinternalsensitiveinformationtotheoutsidersorthosepersons
havingno relatedduty to access such information. Themanagement, all executiveofficersor anyperson
receivinginsider’s informationareaskednottotradetheCompany’ssecuritiesbeforedisclosureoffinancial
statementtothepublic.
84 ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
Inaddition,clause1.4inthesection“ethicstothecustomer”,topic“ethicsoftheemployee”asstatedin
theemployee’smanualprescribesthattheemployeesshallkeepcustomer’sinformationconfidentialandshall
notusethemforpersonaladvantage.Clause3.5inthesection“ethictoourselves”,prescribesthatemployees
shallnotusetheirauthorityandpositiontotakeadvantagefortheirownsake.
6 Personnel The Company believes in the importance of appropriate manpower allocation taking the size of the
Company intoaccountandpreparationfor the futureplan.On31December2009, theCompanygrouphas
totalof1,796employeesdividedbythecourseofworkasfollows:
-Televisionbroadcastingandmedia 1,173 persons
-Sourcingandproducingdocumentaries, 130 persons
entertainmentprogramme
-Radiobroadcasting 25 persons
-ProductionofShows,Music,and 378 persons
CampaignActivities
-ChainandSupportingBusinesses 90 persons
Total 1,796 persons
Suitable remuneration is theessential factor inpromotingpersonnel’s courageandmoraleaswell as
buildingup their loyalty to theorganization ina long termbasis. TheCompany considerspaying the total
remunerationtotheemployeesfortheyear2009inanamountof939MillionBahtconsistingofsalary,over
timeexpenses,allowance,bonus,contributiontotheprovidentfund,medicalallowanceandotherwelfares.
As theemployeesaredeemsas valuableassetsof theCompany. TheCompanypaysattention to the
recruitmentofefficientpersonnelaswellastheirdevelopmentwhichwillleadtotheimprovementofpotential
oftheCompanyinthelongtermbasis.TheCompany,therefore,hasapolicytopromotethedevelopmentof
skilloftheemployeesbyarrangingthemtoattendmanyseminarsmatchingtotheircourseofworkwhichare
organized by external organization. HR Department also set up a training course within the Company by
rotating to all departments as deemed appropriate. To make themselves ready for current business
competition,varietyandfrequenttrainingcourseshavebeenintroducedtothem.
Fortheyear2009,theCompanygrouphasorganizedinternaltrainingcoursessuitabletoeachunit,i.e.,
NextStepofNewsFamily,NextStepofNewsFamilyforRegionalReporter,PronunciationCourse,Preparation
ofCashBudget,ArchitecturewithAutoCAD2008,Strategy forMarketingSale inEconomicCrisis,Poisoned
Attitude, Digital Television for Production, 39 Years with Green Dharma, Techniques for Exploitation of
AccountingandFinancial Information,OfficeSyndrome,Lifestyle(Dara)GoodPersonality,GoodSpeechand
GreatMind,TellingstorywithVideoNews,DigitalTVTransmission,SongEmotionandMeditation.Foroutside
training,thecourseswhichmaysupportroleandresponsibilityofthechosenemployees.Totalcostoftraining
and seminar for thepast year is approximatelyBaht2.94Million (including seminar feeorganizedby the
Companygroup).
85ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
PAYMENT OF AUDIT FEE 1. Audit Fee The shareholdermeeting2009approvedauditing feeatBaht5,505,000.-Theactual auditing feepaidby the
Companygroupin2009isBaht5,563,000.-whichishigherthantheamountapprovedaroundBaht58,000.Thisisdue
to the restructureof5 subsidiary companies, i.e., theboardof directorsof subsidiary companieshas resized their
business volume forNewWorldProductionCompany Limited andBECiCorporation Limited. ThaiAudiotexService
Limitedhasceaseditsoperationtopreparefor liquidationprocedure,causingreductiontothevolumeofservicesfor
audit and reviewand their auditing feewill be lower, accordingly.However,during2009, theboardofdirectorsof
subsidiarycompaniesalsoconsideredrestructurefor2inactivecompanies,(1)BEC-TeroExhibitionsLimited,toarrange
for reality show forperformance competition via television,whichwas renamed to “HaveAGoodDreamCompany
Limited”,and(2)BEC-TeroArsenalCompanyLimited,tosaleadvertisementonmobilephone,whichwasrenamedto
“BEC-TeroComComCompanyLimited”.Due tosuchadditionalwork, theauditor, therefore, requested foradditional
auditingfeeexceedingtheapprovedamount-Baht58,000.-
2. Non-Audit Fee -None-
86 ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
In2009,BECWorldgrouphasentered into someconnected transactionswith relatedpartieswhichmaycause
conflictofinterest,i.e.,LeaseAgreementinMaleenontTowerandotherexpenseswithrespecttosuchleaseofpremises.
DetailsDetailsofwhichareasshowninSection5.1CoreAssetsforBusinessOperation;LeasedPremises.
CONNECTEDTRANSACTIONSWITHRELATEDPARTYWHICHMAY CAUSE CONFLICT OF INTEREST IN THE YEAR 2009
Related parties Transaction which may cause Details of relationship value Type of Transaction conflict of interest (Million Baht)
Necessity and Reasonableness of Transactions Connected transactionsduring theprevious year arenecessary and reasonable transactions for thehighest
benefits for the Company. Due to the lessee wishes to lease some space, special design to serve their business
operation.Theleasedpremiseshavetosupport longtermbusinessexpansion, locatingindowntown,havingsuitable
communicationandtransportationsystemthatcouldfacilitateCompany’sbusinessoperation.Mostcommercialterms
andconditionsofsuchconnectedtransactionsarebetterthannormaltermsandconditions,basedongeneralmarket
price.Inaddition,remunerationpaidthereundercouldbecomputedfromreferencevalueorpropertybycomparingwith
themarketpriceinthesamerentalarea.
Policy or Guideline for Connected Transactions TheCompanyhasapolicytoavoidenteringintoanyconnectedtransactionswithanyrelatedpartywhichmay
cause“ConflictofInterest”.In2009,therearesomeconnectedtransactionsi.e.LeaseAgreementtouseofficespacein
MaleenontTowerBuildings,which theCompanyhaspreviouslyobtainedapproval to relocate itsprincipaloffice from
EmporiumTower toMaleenontTowerBuildingsby theExtraordinaryGeneralShareholderMeetingonDecember16,
2003.ThenecessitytoenterintosuchconnectedtransactionisthattheCompanyisrequiredtoseekforofficespacesto
expanditsbusinessoperationandMaleenontTowerBuildingscouldservesuchpurpose,offeringconvenience,elegance
andalsomeet standardofotherprimeofficebuildings,especially, for12-floorbuildingwhichhasbeendistinctively
designedbythelessortosuitforoperationrequirementoftheCompanygroup.Rentalrateisalsoatafairprice.
DuetotheCompanygrouphasspentaconsiderableinvestmentfordesignanddecorationoftheleasedpremises
inMaleenontTowerBuildingstoservetheirownpurpose,theCompanyhasapolicytorenewtheLeaseAgreementof
MaleenontTowerBuildingsandusevariousrelatedservices.Therefore, for thebenefitofCompanygroup,connected
transactionsasalreadyenteredintoaswellasthosetobeenteredintointhefutureareinevitably,providedthat,their
termsandconditionsarenormalbusinessoperationandsuchrentalandserviceratesarecomparablewithmarketprice
of otherparty. In addition, theAuditCommittee, at theCompany’s expense,mayassignan independent expert to
consider, review and opine an appropriateness of the price and reasonableness for entering into such connected
transactions.
Millionaire Directorsandexecutiveofficersof 114.01 Saleandservicecosts PropertyFund theCompanyaremajority shareholdersofMaleenont TowerCo.,Ltd.
MaleenontTowerCo.,Ltd.ismajor 112.36 operatingandmanagementcosts unitholderofMillionaire (leaseagreementnotexceeding 3yearsandsupportingtransaction fornormalbusinessoperation) Total 226.37
87ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
SUPPLEMENTARYDATA
1. Name: THE BANGKOK ENTERTAINMENT CO., LTD. Business: OperatingbusinessofTVandradiostation. Registered Capital: Baht300million((Issuedandfullypaid-upsharecapital3,000,000commonshares) 0ffice: 2ndFl.,MaleenontTower,3199RamaIVRoad,Klongton,Klongtoey,Bangkok10110 Tel. (66)2262-3333,2204-3333 Fax. (66)2204-1384
2. Name: RUNGSIROJVANIT CO., LTD. Business: Providing,producingTVprogrammesandsellairtimeforadvertising. Registered Capital: Baht5million(Issuedandfullypaid-upsharecapital500,000commonshares) 0ffice: 2ndFl.,MaleenontTower,3199RamaIVRoad,Klongton,Klongtoey,Bangkok10110 Tel. (66)2262-3333,2204-3333 Fax. (66)2204-13843. Name: NEW WORLD PRODUCTION CO., LTD. Business: Providing,producingTVprogrammesandsellairtimeforadvertising. Registered Capital: Baht5million(Issuedandfullypaid-upsharecapital500,000commonshares) Office: 2ndFl.,MaleenontTower,3199RamaIVRoad,Klongton,Klongtoey,Bangkok10110 Tel. (66)2262-3333,2204-3333 Fax. (66)2204-13844 Name: BEC BROADCASTING CENTER CO., LTD. Business: Studioequipmentservices Registered Capital: 1millionBaht.(Issuedandfullypaid-upsharecapital100,000commonshares) Office: 2ndFl.,MaleenontTower,3199RamaIVRoad,Klongton,Klongtoey,Bangkok10110 Tel. (66)2262-3333,2204-3333 Fax. (66)2204-1384
5. Name: YOU & I CORPORATION COMPANY LIMITED Business: Producingradioprogrammes,operatingradiostations Registered Capital: Baht35million(Issuedandfullypaid-upsharecapital350,000commonshares) Office: 2ndFl.,MaleenontTower,3199RamaIVRoad,Klongton,Klongtoey,Bangkok10110 Tel. (66)2262-3274 Fax. (66)2262-3665
DetailsofCompanieswhichtheCompanyholds10%ormoreofshares
SUBSIDIARIES
88 ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
6. Name: BEC ASSET CO., LTD. Business: Holdingandleasingassets. Registered Capital: Baht30million(Issuedandfullypaid-upsharecapital3,000,000commonshares) Office: 3rdFl.,MaleenontTower,3199RamaIVRoad,Klongton,Klongtoey,Bangkok10110 Tel. (66)2262-3759 Fax. (66)2262-37807. Name: BEC STUDIO CO., LTD. (Not yet operating) Business: Producingprogrammesandstudioequipmentservices. Registered Capital: Baht5million(Issuedandfullypaid-upsharecapital500,000commonshares) Office: 2ndFl.,MaleenontTower,3199RamaIVRoad,Klongton,Klongtoey,Bangkok10110 Tel. (66)2262-3333,2204-3333 Fax. (66)2204-13848. Name: BEC INTERNATIONAL DISTRIBUTION CO., LTD. Business: Providing,producingTVprogrammes,HoldingCompany Registered Capital: Baht5million(Issuedandfullypaid-upsharecapital500,000commonshares) Office: 2ndFl.,MaleenontTower,3199RamaIVRoad,Klongton,Klongtoey,Bangkok10110 Tel. (66)2262-3333,2204-3333 Fax. (66)2204-13849. Name: BEC NEWS BUREAU CO., LTD. (Not yet operating) Business: Producingnewsprogrammes. Registered Capital: Baht5million(Issuedandfullypaid-upsharecapital500,000commonshares) Office: 2ndFl.,MaleenontTower,3199RamaIVRoad,Klongton,Klongtoey,Bangkok10110 Tel. (66)2262-3333,2204-3333 Fax. (66)2204-1384 10. Name: BANGKOK TELEVISION CO., LTD. Business: Providing,producingTVprogrammesandsellairtimeforadvertising. Registered Capital: Baht5million(Issuedandfullypaid-upsharecapital500,000commonshares) Office: 2ndFl.,MaleenontTower,3199RamaIVRoad,Klongton,Klongtoey,Bangkok10110 Tel. (66)2262-3333,2204-3333 Fax. (66)2204-1384
89ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
11. Name: BANGKOK SATELLITES & TELECOMMUNICATION CO., LTD. (Not yet operating) Business: Satelliteuplink-downlinkservices. Registered Capital: Baht25million(Issuedandfullypaid-upsharecapital2,500,000commonshares) Office: 2ndFl.,MaleenontTower,3199RamaIVRoad,Klongton,Klongtoey,Bangkok10110 Tel. (66)2262-3333,2204-3333 Fax. (66)2204-1384 12 Name: BEC IT SOLUTION CO., LTD. Business: Information technology service, retail of computer equipments and maintenance
service. Registered Capital: Baht15million(Issuedandfullypaid-upsharecapital1,500,000commonshares) Office: 3rdFl.,MaleenontTower,3199RamaIVRoad,Klongton,Klongtoey,Bangkok10110 Tel. (66)2262-3759 Fax. (66)2262-378013. Name: SATELLITES TV BROADCASTING CO., LTD. (Not yet operating) Business: SatelliteTVoperator. Registered Capital: Baht1million(Issuedandfullypaid-upsharecapital100,000commonshares) Office: 2ndFl.,MaleenontTower,3199RamaIVRoad,Klongton,Klongtoey,Bangkok10110 Tel. (66)2262-3333,(66)2204-3333 Fax. (66)2204-138414. Name: BEC-TERO ENTERTAINMENT PUBLIC COMPANY LIMITED Business: ProvidingandproducingTVprogrammesandsellairtimeforTVadvertising, producingandpromotingsongsforconcert,producingpicturesandplays. Registered Capital: Baht250million(Issuedandfullypaid-upsharecapital200,000,000 commonshares) Office: 25th-28thFl.,MaleenontTower,3199RamaIVRoad,Klongton,Klongtoey, Bangkok10110 Tel. (66)2262-3800 Fax. (66)2262-3801-215. Name: BECi Corporation CO., LTD. Business: InvestinInternetbusiness. Registered Capital: Baht200million(Issuedandfullypaid-upsharecapital20,000,000commonshares) Office: 4thFl.,MaleenontTower,3199RamaIVRoad,Klongton,Klongtoey,Bangkok10110 Tel. (66)2204-9999 Fax. (66)2204-9970
90 ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
16. Name: BEC MULTIMEDIA CO., LTD. Business: Investinmultimediabusiness. Registered Capital: Baht200million((Issued20,000,000Commonshares;25%paid-up) Office: 4thFl.,MaleenontTower,3199RamaIVRoad,Klongton,Klongtoey,Bangkok10110 Tel. (66)2204-9999 Fax. (66)2204-9970 SUBSIDIARY HELD BY BEC INTERNATIONAL DISTRIBUTION CO.,LTD.
17. Name: TVB 3 NETWORK CO., LTD. Business: Providing,producingTVprogrammesandsellairtime. Registered Capital: Baht10million(Issuedandfullypaid-upsharecapital1,000,000commonshares) Office: 9thFl.,MaleenontTower,3199RamaIVRoad,Klongton,Klongtoey,Bangkok10110 Tel. (66)2262-3050 Fax. (66)2262-3066 SUBSIDIARIES HELD BY BEC-TERO ENTERTAINMENT PUBLIC COMPANY LIMITED
18. Name: THAITICKETMAJOR CO., LTD. Business: Producingadvertisement,reservedandsellingshowticket. Registered Capital: Baht10million(Issuedandfullypaid-upsharecapital1,000,000commonshares) Office: 27thFl.,MaleenontTower,3199RamaIVRoad,Klongton,Klongtoey,Bangkok10110 Tel. (66)2262-3800 Fax. (66)2262-3801-2
19. Name: HAVE A GOOD DREAM CO., LTD. (Formerly:BEC-TeroExhibitionsCo.,Ltd.registeredandchangedthecompanynameinMarch2009) Business: ProvidingandproducingTVprogrammesandsellairtimeforTV Registered Capital: Baht10million(Issuedandfullypaid-upsharecapital1,000,000commonshares) Office: 98925thFl.,SiamTower,UnitB1,RamaIRoad,Prathumwan,Prathumwan,Bangkok. Tel. (66)2262-3800 Fax. (66)2262-3801-2
91ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
20. Name: BEC-TERO COMCOM CO.,LTD. (Formerly:BEC-TeroArsenalCo.,Ltd.,registeredandchangedthecompanynameinApril2009) Business: Advertisingagencyontheidle-screensofmobiletelephonesthroughmobileoperators
inThailand Registered Capital: Baht28million(Issuedandfullypaid-upsharecapital5,600,000commonshares) Office: 21stFl.,MaleenontTower,3199RamaIVRoad,Klongton,Klongtoey,Bangkok10110 Tel. (66)2262-3800 Fax. (66)2262-3801-2 ASSOCIATE HELD BY BEC-TERO ENTERTAINMENT PUBLIC COMPANY LIMITED
21. Name: Virgin BEC-Tero Radio (Thailand) Co., Ltd. Business: Producingradioprogrammes,andsellairtimeforadvertising Registered Capital: Baht49,960,800(Issuedandfullypaid-upsharecapital4,996,080shares) Office: 23th-24thFl.,MaleenontTower,3199RamaIVRoad,Klongton,Klongtoey, Bangkok10110 Tel. (66)2204-3500 Fax. (66)2204-1410 SUBSIDIARIY HELD BY BECI CORPORATION CO., LTD.
22. Name: THAI AUDIOTEX SERVICE LTD. Business: ProvidingAudioInformationservicesviatelephone Registered Capital: Baht30million((Issuedandfullypaid-upsharecapital3,000,000commonshares) Office: 52/149SukhumvitSoi3,SukhumvitRoad,NorthKlongtoey,Wattana,Bangkok Tel. (66)2204-9999 Fax. (66)2204-9970
92 ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
DIRECTORSANDEXECUTIVES DATA
1. Mr.Vichai Maleenont The executive officer according the definition of “Executive Officer” Position : Chairman of the Board, Chairman of the Executive Board Age : 90 years Work Experience : 1995 - Present Chairman of the Board and Chairman of the Executive Board of BEC World Plc. Chairman of the Executive Board and Director of The Bangkok Entertainment Co., Ltd. Director and Authorized Director of 3 subsidiaries of BEC World Group. Education : High School Diploma Previous record in illegal dealing : None Previous record in wrong doing on misuse of insiders’ information and inappropriate connected transaction : None Holding of BEC World shares : 0.00% Family Relationship : Member of Maleenont Family
2. Mr. Prasan Maleenont The executive officer according the definition of “Executive Officer” Position : Vice-Chairman of the Board, Vice-Chairman of the Executive Director and Chief Operating Officer Age : 66 years Work Experience : 1995 - Present Vice-Chairman of the Board, Vice-Chairman of the Executive Director and Chief Operating Officer of BEC World Plc Vice-Chairman of the Executive Board of The Bangkok Entertainment Co., Ltd. Present Director and Authorized Director of 18 subsidiaries and 1 associate of BEC World Group. Jan.1998 - Present Chairman of the Board and Executive Director, BEC-Tero Entertainment Plc. Feb.2001 - Feb.2007 Chairman of the Board and Executive Director, CVD Entertainment Plc. 1997 - Feb. 2007 Director and Executive Director of 5 subsidiaries of CVD Entertainment Plc. Education : Bachelor Degree (Business Administration) Elmhurst College, Illinois, U.S.A. Certificate of National Defense Curriculum (Joint Government/Private Sectors) Class7 Directors Training Program : Certificate of Director Accreditation Program (DAP), Thai Institution of Directors Associations (IOD) Previous record in illegal dealing : None Previous record in wrong doing on misuse of insiders’ information and inappropriate connected transaction : None Holding of BEC World shares : 7.86% Family relationship : Member of Maleenont Family
93ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
3. Mr.Pravit Maleenont The executive officer according the definition of “Executive Officer” Position : Director, Executive Director - Television Business and Senior Executive Vice President Age : 63 years Work Experience : 1995 - Present Director, Executive Director - Television Business and Senior Executive Vice President, BEC World Plc. Present Managing Director of The Bangkok Entertainment Co., Ltd. Present Director and Authorized Director of 7 subsidiaries of BEC World Group. Education : Bachelor of Science, Engineering University of Illinois, Chicago, Illinois, USA Certificate of National Defense Curriculum (Joint Government/Private Sectors) Class3 Directors Training Program : Certificate of Director Accreditation Program (DAP), Thai Institution of Directors Associations (IOD) Previous record in illegal dealing : None Previous record in wrong doing on misuse of insiders’ information and inappropriate connected transaction : None Holding of BEC World shares : 11.42% Family relationship : Member of Maleenont Family
4. Ms. Ratana Maleenont The executive officer according the definition of “Executive Officer” Position : Director,Executive Director - Finance and Accounting Business Chairman of the Nominating Committee Age : 60 years Work Experience : 1995 - Present Director, Executive Director - Finance and Accounting Business of BEC World Plc. Present Director and Executive Director of The Bangkok Entertainment Co., Ltd. Present Director and Authorized Director of 13 subsidiaries of BEC World Group. Education : Bachelor Degree in Economics, Thammasat University. Directors Training Program : Certificate of Director Accreditation Program (DAP), Thai Institution of Directors Associations (IOD) Previous record in illegal dealing : None Previous record in wrong doing on misuse of insiders’ information and inappropriate connected transaction : None Holding of BEC World shares : 7.86% Family relationship : Member of Maleenont Family
94 ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
5. Ms. Nipa Maleenont Position : Non-Executive Director Age : 58 years Work Experience : 1995 - Present Director and Authorized Director of BEC World Plc., and The Bangkok Entertainment Co., Ltd. Present Director and Authorized Director of 3 subsidiaries of BEC World Group Education : Bachelor Degree in Commercial and Accounting, Thammasat University. Directors Training Program : Certificate of Director Accreditation Program (DAP), Thai Institution of Directors Associations (IOD) Previous record in illegal dealing : None Previous record in wrong doing on misuse of insiders’ information and inappropriate connected transaction : None Holding of BEC World shares : 5.89% Family relationship : Member of Maleenont Family
6. Ms. Amphorn Maleenont The executive officer according the definition of “Executive Officer” Position : Director and Executive Director - Production Business Age : 55 years Work Experience : 1995 - Present Director and Executive Director - Production Business of BEC World Plc. and The Bangkok Entertainment Co., Ltd. Present Director and Authorized Director of 12 subsidiaries of BEC World Group. Education : Bachelor Degree in Commercial and Accounting, Thammasat University. Directors Training Program : Certificate of Director Accreditation Program (DAP), Thai Institution of Directors Associations (IOD) Previous record in illegal dealing : None Previous record in wrong doing on misuse of insiders’ information and inappropriate connected transaction : None Holding of BEC World shares : 7.86% Family relationship : Member of Maleenont Family
95ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
7. Mr. Prachum Maleenont The executive officer according the definition of “Executive Officer” Position : Director, Executive Director - New Media Business and Senior Executive Vice-President , Member of the Nominating Committee Age : 57 years Work Experience : 1995 - Present Director, Executive Director - New Media Business and Senior Executive Vice-President of BEC World Plc. Director and Executive Director of The Bangkok Entertainment Co., Ltd. Present Director and Authorized Director of 14 subsidiaries of BEC World Plc. Jul. 2002 - Present Director and Executive Director of BEC-Tero Entertainment Plc. Education : Bachelor Degree (Marketing) Assumption Commerce University. Directors Training Program : Certificate of Director Accreditation Program (DAP), Thai Institution of Directors Associations (IOD) Previous record in illegal dealing : None Previous record in wrong doing on misuse of insiders’ information and inappropriate connected transaction : None Family relationship : Member of Maleenont Family
8. Mrs. Ratchanee Nipatakusol The executive officer according the definition of “Executive Officer” Position : Director and Executive Director - Marketing and Sales Business Member of the Nominating Committee Age : 52 years Work Experience : 1995 - Present Director and Executive Director - Marketing and Sales Business of BEC World Plc. Present Executive Vice President of The Bangkok Entertainment Co., Ltd. Present Director and Authorized Director of 5 subsidiaries of BEC World Group. Education : Bachelor Degree (Art), Thammasat University. Directors Training Program : Certificate of Director Accreditation Program (DAP), Thai Institution of Directors Associations (IOD) Certificate of Finance for Non - Finance Directors Program, IOD Previous record in illegal dealing : None Previous record in wrong doing on misuse of insiders’ information and inappropriate connected transaction : None Holding of BEC World shares : 0.00% Family relationship : Member of Maleenont Family
96 ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
9. Mr.Arun Ngamdee Position : Independent Director and Chairman of the Audit Committee Age : 75 years Work Experience : 1995 - Present Chairman of the Audit Committee of BEC World Plc. 1995 - Present Independent Director of BEC World Plc. 1993 - 1995 Director General of Public Relations Department. 1989 - 1993 Deputy Director General of Public Relations Department. Education : MA, Public Relations, Boston University Bachelor Degree of Arts, Chulalongkorn University Certificate of Top Executive from NIDA and Institute of Civil Servant Development. Directors Training Program : Certificate of Director Accreditation Program (DAP), Thai Institution of Directors Associations (IOD) Certificate of Audit Committee Program (ACP), IOD Previous record in illegal dealing : None Previous record in wrong doing on misuse of insiders’ information and inappropriate connected transaction : None Holding of BEC World shares : 0.00% Family relationship : None
10. Mr. Prathan Rangsimaporn Position : Independent Director and Member of the Audit Committee Age : 76 years Work Experience : 1999 - Present Member of Audit Committee of BEC World Plc. 1995 - Present Independent Director of BEC World Plc. 1992-2008 Special Instructor of the Faculty of Journalism and Mass Communication, Thammasat University 1994 - 2001 The Dean of the Faculty of Communication Arts, Siam University 1993 Senior Public Relations Expert 1986 - 1988 Director, Division of Directing Broadcasting Commission. Member and Secretary to the Directing Broadcasting Commission, Education : MA Journalism, University of Panjab, Pakistan, Under SEATO Scholarship, BA Journalism, BA Social Administration, Thammasat University Directors Training Program : Certificate of Director Accreditation Program (DAP), Thai Institution of Directors Associations (IOD) Certificate of Audit Committee Program (ACP), IOD Previous record in illegal dealing : None Previous record in wrong doing on misuse of insiders’ information and inappropriate connected transaction : None Holding of BEC World shares : 0.00% Family relationship : None
97ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
11. Mr. Manit Boonprakob Position : Independent Director and Member of the Audit Committee Age : 59 years Work Experience : Dec.1999 - Present Independent director and a member of the Audit Committee of BEC World Plc. 1998 - Present Managing Director of BMS Consulting Office, Executive Director of THABB Support Ltd. and Chirachit Co., Ltd. Director and Executive Director, EVP - Finance and CFO of ABB Group of companies in Thailand. Education : Master Degree in Business and Administration, Thammasat University. Bachelor Degree in Accounting, Chulalongkorn University. Certified Public Accountant (Thailand) Directors Training Program : Diploma in Director Certification Program (DCP), Thai Institution of Directors Associations (IOD) Certificate of Audit Committee Program (ACP), IOD Previous record in illegal dealing : None Previous record in wrong doing on misuse of insiders’ information and inappropriate connected transaction : None Holding of BEC World shares : 0.00% Family relationship : None
12. Mr. Matthew Kichodhan Position : Non-Executive Director Age : 43 years Work Experience : Sep. 2009 - Present Senior Vice President, International Business, Thai Beverage PLC. 2006 - Aug. 2009 Director and Chief Operating Officer of Minor Corporation Plc and Director of subsidiaries Apr. 2006 - Present Director of WAVE Entertainment Plc. Independent Director of Ocean Glass Plc 2004-2005 Vice President, Business Management, Asia Pacific, GILLETTE ASIA PACIFIC GROUP 1995 - 2004 Brand Marketing Director, Asia Pacific Region, PEPSI-COLA INTERNATIONAL Education : Master of Science, Management, Imperial College (Management School), University of London, England Bachelor of Commerce, University of Toronto, Canada Directors Training Program : Diploma in Director Certification Program (DCP), Thai Institute of Directors Association (IOD) Certificate of Director Accreditation Program (DAP), IOD Previous record in illegal dealing : None Previous record in wrong doing on misuse of insiders’ information and inappropriate connected transaction : None Holding of BEC World shares : 0.00% Family relationship : None
98 ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
13. Mr.Panithan Tosnaitada Position : Vice President, Advertising Department Age : 66 years Work Experience : 1996 - Present Vice President, Advertising Department, BEC World Plc. 1980 - 1995 Vice President of The Bangkok Entertainment Co.,Ltd. Education : Bachelor Degree Previous record in illegal dealing : None Previous record in wrong doing on misuse of insiders’ information and inappropriate connected transaction : None Holding of BEC World shares : 0.00% Family relationship : None
14. Mr.Somrak Narongvichai Position : Vice President - Production Department Age : 59 years Work Experience : 1996 - Present Vice President, Production Department, BEC World Plc. 1991 - 1995 Program Product Manager of The Bangkok Entertainment Co., Ltd. Education : Bachelor Degree (Art-Drama), Chulalongkorn University. Previous record in illegal dealing : None Previous record in wrong doing on misuse of insiders’ information and inappropriate connected transaction : None Holding of BEC World shares : 0.00% Family relationship : None
15. Mr.Borisut Puranasamriddhi Position : Vice President - Administration Department Age : 63 years Work Experience : 1996 - Present Vice President - Administration Department, BEC World Plc. 1990 - 1995 Public Relations Manager of The Bangkok Entertainment Co.,Ltd. Education : Bachelor Degree (Journalism), Thammasat University The Program for Senior Executives in Criminal Justice Administration (Section 4), National Academy of Criminal Justice Previous record in illegal dealing : None Previous record in wrong doing on misuse of insiders’ information and inappropriate connected transaction : None Holding of BEC World shares : 0.00% Family relationship : None
99ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
16. Mr.Chatchai Thiamtong The executive officer according the definition of “Executive Officer” Position : Vice President - Finance, Secretary of the Board of Directors and Secretary of the Audit Committee Age : 58 years Work Experience : 1996 - Present Vice President - Finance and Secretary of the Board of Directors of BEC World Plc. 1999 - Present Secretary of the Audit Committee 1999 - 10 Apr. 2001 Independent Director and a member of the Audit Committee of SINGER (Thailand) Plc. 1991 -1995 Director - SINGER (Thailand) Plc. Education : Bachelor Degree in Accounting, Thammasat University Bachelor Degree in Law, Thammasat University Directors Training Program : Diploma in Director Certification Program (DCP), Thai Institution of directors Associations (IOD) Previous record in illegal dealing : None Previous record in wrong doing on misuse of insiders’ information and inappropriate connected transaction : None Holding of BEC World shares : 0.01% Family relationship : None
17. Ms. Apinya Kangsanarak Ph.D. Position : Vice President - Human Resource Department Age : 48 years Work Experience : 2002 - Present Vice President - Human Resource Department, BEC World Plc. Manager Personal Department, The Bangkok Entertainment Co., Ltd. 1995 - 2002 Senior Vice President Human Resource Development Department and Human Resource Management Department of Bangkok Metropolitan Bank Plc. Education : Philosophy of doctor (Higher Education), Chulalongkorn University. Master of Education, Srinakarintharawirot University. Bachelor of Science, Mahidol University. Previous record in illegal dealing : None Previous record in wrong doing on misuse of insiders’ information and inappropriate connected transaction : None Holding of BEC World shares : 0.00% Family relationship : None
100 ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
18. Mr. Pisanu Ruangrajitpakorn Position : Vice President - Technology Department Age : 56 years Work Experience : May 2003 - Present Vice President - Technology Department, BEC World Plc. and Managing Director, BEC IT Solution Co.,Ltd. 2000 - Apr. 2003 Assistant Vice President - IT, Samart Corporation Plc. 1996 - 1998 VP, RIS Co., Ltd. Education : Bachelor Degree in Accounting, Chulalongkorn University Previous record in illegal dealing : None Previous record in wrong doing on misuse of insiders’ information and inappropriate connected transaction : None Holding of BEC World shares : 0.00% Family relationship : None
19. Mr. Natthrapong Phisitphadhrikul (registered changing the name from Mr.Noppong Bootkhwan) Position : Vice President - Internal Audit Office Age : 44 years. Work Experience : Jan.2004 - Present Vice President - Internal Audit Office, BEC World Plc. Aug.2002 - Dec.2003 Internal Audit Division Manager, Inter Comfort Co., Ltd. Sep.2001 - Aug.2002 Internal Audit Department Manager, Singer (Thailand) Plc. Jun.1997 - Sep.2001 Senior Internal Audit manager, Financial and Accounting Manager, CRC. Ahold Co., Ltd. Mar.1995 - Jun.1997 Internal Audit Division Manager, STC Group of Companies Jul.1991 - Mar.1995 Internal Auditor, Siam Tyre Plc. Education : M.B.A. Thammasat University Mini M.B.A. UTCC B.B.A. (Accounting) Ramkhamhaeng University Certified Internal Auditor (CIA) No. 30806 Certified Professional Internal Auditor (CPIA) No. 3012 Previous record in illegal dealing : None Previous record in wrong doing on misuse of insiders’ information and inappropriate connected transaction : None Holding of BEC World shares : 0.00% Family relationship : None
101ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
20. Mr. Nopphadol Khemayotin Position : Vice President - Business Development and Investment Department Age : 43 years Work Experience : Feb.2004 - Present Vice President - Business Development and Investment Department, BEC World Plc. 2001 - 2003 Senior Vice President, Investment Department Asset Plus Securities Plc. 1999 - 2001 Vice President, Investment Department Asset Plus Securities Co., Ltd. 1998 - 1999 Assistant Vice President, Private Fund Management Department, One Asset Management Limited Education : Bachelor of Arts (B.A.) in Finance and Banking, Thammasat University, Bangkok, Thailand Master of Business Administration (M.B.A) in Finance Western International University, Arizona, U.S.A Certificate of Achievement (Future Market) Sakura Dellsher Education Program, Chicago, U.S.A (Received Full Academic Scholarship) Previous record in illegal dealing : None Previous record in wrong doing on misuse of insiders’ information and inappropriate connected transaction : None Holding of BEC World shares : 0.00% Family relationship : None
102 ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
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.
103ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
Na
me
List
of t
he E
xecu
tives
Ba
ngko
k En
tert
ainm
ent C
o., L
td.
Rung
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lc.
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kok
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ties
1.
M
r.Cha
tri S
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X
2.
M
r. Vi
chai
Mal
eeno
nt
////
3.
M
r. Pr
asan
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nt
//
X,//
//
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Mr.
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it M
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nont
//
//
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//
////
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s. R
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8.
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//
//
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1
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1
5.
Dr.V
aras
ak V
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ham
orn
/
16.
M
r.Man
ooth
am T
haja
i
/
Rem
ark
: S
ubsi
diar
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mea
n si
gnifi
cant
sub
sidi
arie
s of
the
Com
pany
, i.e
., ge
nera
ting
reve
nue
over
10%
of t
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reve
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in 2
009
prof
it an
d lo
ss s
tate
men
t.
X =
Ch
airm
an
/
/ =
Au
thor
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Dire
ctor
/
=
Dire
ctor
Nam
e Li
st o
f the
Exe
cutiv
e an
d Co
ntro
lling
Par
ties
of th
e Su
bsid
iries
104 ANNUAL REPORT 2009 BEC WORLD PUBLIC COMPANY LIMITED
SHARE REGISTRAR: THAILAND SECURITY DEPOSITORY COMPANY LIMITED 62TheStockExchangeofThailandBld.RachadapisekRoad,Klongtoey,Bangkok10110 Tel. (66)2229-2800 Fax. (66)2359-1259CALL CENTER : (66)22292888Website: http://www.tsd.co.thE-mail: [email protected]
AUDITOR: DR.VIRACH AND ASSOCIATE OFFICE COMPANY LIMITED 7thFloor,PanuneeBuilding.518/3PloenchitRoad.,Bangkok10330 Tel. (66)2252-2860,255-2518Fax. (66)2254-1210
LEGAL COUNSELOR: INTERNATIONAL LEGAL COUNSELORS THAILAND LIMITED [ILCT] 18thFloor,SathornCityTower175SouthSathornRoad,Bangkok,10120Tel. (02)679-6005Fax. (02)679-6041 P&P Law Firm 3199MaleenontTowerBuildingRamaIVRoad,Klongton,Klongtoey,Bangkok10110Tel. (66)2665-6150 Fax. (66)2665-6153Website: www.paiboon.bizE-mail: [email protected]
FINANCIAL ADVISOR: ASIA PLUS SECURITIES PUBLIC COMPANY LIMITED 11thFloor,SathornCityTower,175SouthSathornRoad,Bangkok10120Tel. (66)2285-1888,2680-1111Fax. (66)2670-9271
REFERENCEPERSONS
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ร า ย ง า น ป ร ะ จํ า ปี 2 5 5 2
บริษัท บีอีซี เวิลด์ จํากัด (มหาชน)
บริษัท บีอีซี เวิลด์ จํากัด (มหาชน) 3199 อาคารมาลีนนท์ ทาวเวอร์ ชั้น 2, 3, 8, 9, 30-34 ถนนพระราม 4 แขวงคลองตัน เขตคลองเตย กรุงเทพฯ 10110 โทรศัพท์ : 0-2204-3333, 0-2262-3333 โทรสาร : 0-2204-1384
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