We aim to be the most preferred non-life insurer in Thailand

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1.5 Data on Transaction Related to Business Relations or Provision of Occupational Services between Independent Directors and Companies, Corporations, Affiliated Companies, Associated Companies or any Party the May Have Conflicts Through the effective procedure of the Board directors’ nomination, the Company’s independent directors are appropriately qualified and truly independent. Furthermore, they do not occupy the position of independent directors or members of corporations, affiliated companies or affiliated companies in the same order. In addition, the Company has no commercial agreements or transactions related to business relations or provision of occupational services between the Company and its Board directors, independent directors, management, including corporations, affiliated companies, associated companies or any party that may have conflicts, which has a value exceeding that defined by the Securities and Exchange Commission (SEC). Nonetheless, the Board of Directors’ meeting (No.3/2008) held on August 14, 2008 had approved in principle, the permission for companies, associated companies and affiliated companies to do business which may have a related transaction with the Company’s Board directors, management or any party concerned, both the transaction that was made earlier and/or one that will be made in the future. This is based on the condition that such a business transaction has commercial agreements in the same way as a reasonable man will treat a general party to a contract in the same situation, through the commercial bargaining power without the influence of his/her status as the Company’s Board director, management or any party concerned. Please see more detail in the section “Related Parties Transactions”. 2. Management Committee The Management Committee consists of executive directors and management appointed by the Company’s President. The scope of duties and authority of the Management Committee includes the following: The Scope of Duties and Authority of Management Committee 1. To verify, before presenting to the Board of Directors for consideration, the Company’s vision, strategies, business goals, and annual budget, as well as policy on risk management. 2. To verify, before presenting to the Board of Directors for consideration, the procurement or disposal of the Company’s major assets. 3. To ensure that the Company has an implementation based on its policy of corporate governance, as well as an evaluation of its consequences, including suggestions for the Board of Director’s consideration. 4. To conduct any duties assigned to them by the Board of Directors. 5. To periodically follow up and report on the Company’s performance to the Board of Directors. Name of the Management Committee The term “The Company’s Management Committee”, as defined in the Office of Securities and Exchange Commission (SEC)’s notices, includes the first four executive members following the manager. Thus the Company’s Management Committee is made up of the first four executive members following the Chairman and President. The Management Committee (as at December 31, 2009) was comprised of 14 executive members. However, on January 1, 2010, the Company underwent organizational restructuring and altered the position of some of its executives. As a consequence, the Company’s Management Committee (as at January 1, 2010) is made up of the Chairman and Chief Executive Offi cer followed by the fi rst four executive members, which consists of 14 executive members whose names are listed below: 100
Name of the Management Committee Position Position (Until December 2009) (Effective January 2010) 1. Mr. Chai Sophonpanich Chairman and President Chairman and Chief Executive Officer 2. Mr. Voravit Rojrapitada Director and Director and Adviser Senior Executive Vice President 3. Mr. Panus Thiravanitkul Executive Vice President President 4. Miss Pagamas Charusathien Senior Vice President Senior Vice President 5. Miss Poonsuk Tevidhaya Senior Vice President Senior Vice President 6. Mrs. Srichittra Pramojaney Senior Vice President Senior Vice President 7. Mr. Satit Liptasiri Senior Vice President Senior Vice President 8. Mr. Anon Vangvasu Senior Vice President Senior Vice President 9. Mr. Jakkrit Chewanuntapornchai Senior Vice President Senior Vice President 10. Mr. Sontaya Chaichomlert Senior Vice President Senior Vice President 11. Mr. Suphat Yookongbandhu Senior Vice President Senior Vice President 12. Dr. Apisit Anantanatarat Senior Vice President Senior Vice President 13. Mr. Aree Vanairlor Senior Vice President Senior Vice President 14. Mr. Boonkird Chirapathama Senior Vice President Senior Vice President (Resigned as from February 1, 2010) Qualifications and Procedure for Nominations of the Board Directors and Management 1. Qualifications and Procedure for Nomination of the Board Directors 1.1 Qualifications of Directors The Company’s Board director posses comprehensive knowledge to perform its duties. 1.1.1 Qualifications of Independent Directors Apart from having sound qualifications of the Company’s Board directors, independent directors must posses the following additional qualifications: 1. Have no more than 0.5 percent of all the eligible votes in the Company, corporations, affiliated companies, associated companies or juristic persons that are the Company’s major shareholders or have authority to control. This includes shares held by any party concerned. 2. Have nothing to do with the Company’s administration, nor are they its employees or advisers with a regular salary, nor do they have authority to control, all for no less than two years prior to an appointment. Nonetheless, such prohibited attributes do not include the case of having been government officials or the government sector’s advisers who have authority to control. 3. Have no blood line relationship or through a registration in the manner of father, mother, spouse, brother, sister and offspring, including spouse of offspring’s, executives, major shareholders, any party having authority to control, or persons who will be nominated the management or party having authority to control the Company or affiliated companies. 4. Have no or did not use to have business relationship, through which the value ranges from 3 percent of all net assets or from Baht 20 million and over, depending on which is the lesser amount, with the Company, corporations, affiliated companies, associated companies, major shareholders or any party having authority to control. Neither are they nor used to be major shareholders or the party, who has authority to control, of those having business relation with the Company, corporations, affiliated companies, associated companies, juristic persons that are major shareholders or the party having authority to control of those having a business relationship with the Company’s corporations, affiliated companies, associated companies, juristic persons that are major shareholders or the party having authority to control of the Company’s except that they have extricated themselves from those responsibilities for no less than two years prior to an appointment. 101
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Bangkok Insurance aims to be the mo
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CONTENTS VISION 2 FINANCIAL HIGHLIG
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We aim to be the most preferred non
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The year 2009 was, therefore, anoth
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In addition, the Company was still
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As a consequence, it is anticipated
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6.2 Interest Rate Risk The Company
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Increase Convenience for Premium Pa
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REPORT OF THE COMPANYûS OPERATIONS
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The net investment income in 2009 w
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Goals of Business Transactions For
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INVESTMENTS IN SECURITIES Investmen
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FIVE YEARS REVIEW (Baht’000) 2009
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Mr. Chatri Sophonpanich Chairman Mr
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Miss Potjanee Thanavaranit Independ
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Mr. Witcha Damrongsinsak Director M
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1. Mrs. Srichittra Pramojaney 2. Mr
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Miss Pagamas Charusathien Senior Vi
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Mr. Sontaya Chaichomlert Senior Vic
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Bangkok Insurance, Your Caring Part
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1. Mr. Anant Pongpoon 2. Ms. Anchan
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Page 51 and 52: Bangkok Insurance Public Company Li
Page 53 and 54: Public Health Relief of Public Disa
Page 55 and 56: 3. Checking to Prevent a Conflict o
Page 57 and 58: To the Shareholders of Bangkok Insu
Page 59 and 60: (Baht’000) Financial Statements i
Page 61 and 62: (Baht’000) Motor Miscellaneous 20
Page 63 and 64: (Baht’000) Motor Miscellaneous 20
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Page 71 and 72: 4.4 Related party transactions Rela
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Page 75 and 76: Investments in debt securities as a
Page 77 and 78: The Company received the 2008 finan
Page 79 and 80: (Baht’000) 2009 2008 Investments
Page 81 and 82: 12. Premium Due and Uncollected The
Page 83 and 84: 20. Basic Earnings Per Share Basic
Page 85 and 86: Foreign Currency Risk The Company
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Page 89 and 90: FINANCIAL RATIO Financial Ratio 200
Page 91 and 92: SHAREHOLDING IN OTHER COMPANIES Inv
Page 93 and 94: THE MANAGEMENT Management Structure
Page 95 and 96: 4. To consider a selection and prop
Page 97 and 98: The Appointment of the Company’s
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Page 105 and 106: SHAREHOLDINGS STRUCTURE Breakdown o
Page 107 and 108: Dividend Payment Policy Since it is
Page 109 and 110: The Section on Consideration of Sta
Page 111 and 112: As for the consequence of an implem
Page 113 and 114: 4.1 Policy on Corporate Governance
Page 115 and 116: 5. The Section on the Board of Dire
Page 117 and 118: 5.4 The Board of Directors’ Meeti
Page 119 and 120: GENERAL INFORMATION Name of Company
Page 121 and 122: Motor Claims Service Center Krabi B
Page 124: Bangkok Insurance Building 25 Satho
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We aim to be the most preferred non-life insurer in Thailand

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