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

3. Checking to Prevent a Conflict of Interest. The Audit Committee has examined interrelated parties transactions
of companies and persons concerned that may generate a conflict of interest with the Company. This is to ensure business
transparency and actual transactions for normal business practices, which does not significantly affect the Company.
4. Selecting and Proposing an Appointment of Auditor. The Audit Committee has considered and proposed to
the Company’s Board of Directors, for an approval from the shareholders’ meeting for the appointment of Mrs. Nonglak Pumnoi
and/or Mr. Sophon Permsiriwallop and/or Miss Rungnapha Lertsuwannakul of Ernst & Young Office Limited as auditors for the
year 2009, with the remuneration of Baht 1,360,000.
5. Performing Other Duties. The Audit Committee has supervised and provided recommendations to the Company’s
management in terms of managerial issues to engender an appropriate inspection and a checks-and-balance mechanism. It also
adheres to the principles of a good corporate governance policy so as to create confidence among shareholders, investors and all
parties concerned.
The Audit Committee has considered and found that the Company implemented a good corporate governance policy and
established a proper and effective internal control system. Similarly, the Company has efficient risk management and interrelated
items that are commercially true ones, as well as normal and reasonable businesses. In addition, the Company has performed its
operations in compliance with the relevant laws and regulations, and established accurate and proper financial statements while
disclosing complete and correct information on par with accounting measures, and having a reliable system of good corporate
governance.
(Mr. Plengsakdi Prakaspesat)
Chairman of the Audit Committee
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