Page 82 - Annual Report 2015 - Mono Technology Public Company Limited

Dividend Payment Policy
The Company shall make dividend payment at the rate of not less than 50 percent of net profit after tax and legal reserve. However, the Board of Directors shall consider the dividend payment based mainly on the benefit of shareholders and take into account reserves of funds for future investment or loan repayment or working capital. Annual dividend payment of the company must be approved by the Annual General Meeting of shareholders. Nevertheless, the Board of Directors shall have authority to occasionally approve the interim dividend payment if the profit is adequate. Also, the Board of Directors shall report such payment to the next Annual General Meeting of Shareholders.
Meanwhile, the subsidiaries will make dividend payment of at least 50 percent of net profit after tax and legal reserve. However, committees and/or shareholders of subsidiaries may consider dividend payment as per their business conditions, such as investment plan for business expansion. The said dividend policy shall be individually approved by meeting of the Board of Directors of each subsidiary.
Management Structure
Board of Directors
The Board of Directors consists of nine directors. In 2015, five meetings of the Board of Directors were held and the details of directors’ names and their attendances were as follows :
List of Directors
4. Mr. Sang Do Lee
Positions
Number of Attendances/ Number of Meetings (Time)
1. Mr. Pete Bodharamik
Chairman of the Board of Director
Vice Chairman, Chairman of Executive Directors, Member of Nomination and Remuneration Committee and the Chairman of Risk Management Committee
Assistant Chairman and Executive Director
Director and Executive Director
Director
Director and Executive Director
Independent Director and Chairperson of Audit Committee
Independent Director, Member of Audit Committee and Chairman of Nomination and Remuneration Committee
IndependentDirector,MemberofAuditCommittee and Member of Nomination and Remuneration Committee
5/5
2. Mr. Soraj Asavaprapha
4/5
3. Mr. Navamin Prasopnet
5/5
5/5
5. Mr. Siri Luengsawat
6. Mr. Komsak Wattanasriroj
7. Mrs. Punnee Worawuthichongsathit
5/5
5/5
5/5
8. Mr. Preecha Leelasithorn
9. Mr. Kriengsak Thiennukul
4/5
4/5
Miss Saranya Amornrattanasuchad is the Secretary to the Board of Directors and Miss Pitirudee Sirisamphan is the Company Secretary.
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Mono Technology Public Company Limited