Report on the Observance of Standards and Codes (ROSC) CORPORATE GOVERNANCE COUNTRY ASSESSMENT Thailand JANUARY 2013 Report on the Observance of Standards and Codes (ROSC) CORPORATE GOVERNANCE COUNTRY ASSESSMENT Thailand January 2013 Acknowledgements This assessment of corporate governance in Thailand has been prepared by David Robinett, Ratchada Anantavrasilpa, and Catherine Hickey of the World Bank Global Capital Markets Practice, as part of the Reports on Observance of Standards and Codes Pro...

requires that the Company arrange for a shareholders’ meeting to be held to consider and approve the business transfer of TBSP, which requires votes of not less than three-fourths of the total voting rights

of the said voluntary tender offer, which requires that the Company arrange for a shareholders’ meeting to be held to consider and approve the business transfer of TBSP, which requires votes of not

shares in TBSP of more than 50 percent of the total paid-up shares of TBSP upon completion of the said voluntary tender offer, which requires that the Company arrange for a shareholders’ meeting to be held

consideration to provide additional elucidation, the SEC Office shall arrange for hearing. The performance of any act other than those specified in the first paragraph shall comply with the Administrative

Office]. In this regard, if the committee wishes for the person under consideration to provide additional elucidation, the SEC Office shall arrange for hearing. The performance of any act other than those

………. ……...... ………. xx% xxx xxx xxx xxx 2………. ………. ……….. xx% xxx xxx xxx xxx total xxx xxx xxx xxx It shall disclose the name list of subsidiary companies which arrange to make the financial statement together with a

which arrange to make the financial statement together with a reason and proportion of voting right in case of the differ to the proportion of investment and the nature of relationship, including the

name list of subsidiary companies which arrange to make the financial statement together with a reason and proportion of voting right in case of the differ to the proportion of investment and the nature

approach and prices to meet the needs of customers and markets. At the same time, VGI as the parent company has a variety of advertising media that can arrange sales package in bundles to attract more