Year 2007

REPORT ON THE BOARD OF DIRECTOR’S RESPONSIBILITY FOR FINANCIAL STATEMENTS
The Bangkok Insurance Public Company Limited Board of Directors is responsible for the Company’s financial
statements, as well as for financial information technology appearing in the annual financial statements. Such statements have
been prepared in accordance with accounting principles and practices generally accepted in Thailand. In this regard, the Board
of Directors has selected an appropriate accounting policy and constantly implemented it with cautious discretion. Furthermore,
significant data is sufficiently disclosed in notes of the financial statements.
The Board of Directors also provides and maintains an efficient internal control system to ensure that the recording of
accounting data is accurate, complete and adequate for the protection of the Company’s assets and the prevention of fraud and
malpractices, while disclosing interrelated items to avoid any conflict of interests, as well as complying with the laws and
regulations concerned. In this connection, the Audit Committee is assigned by the Board of Directors to oversee, take
responsibility for and continuously report the consequences to the Board. The Audit Committee’s opinions on these issues have
already appeared in its report, which is displayed in the Company’s annual report.
The Company’s Board of Directors is of the opinion that an overall internal control system of the Company is satisfactory
and generates justified confidence in the reliability of the Company’s financial statements as at December 31, 2007. The
Company’s independent auditor has also audited in accordance with generally accepted auditing standards and is of the opinion
that the Company’s financial statements referred to above present fairly, in all material respects, its financial position and
operational consequences in accordance with generally accepted accounting principles.
(Mr. Chai Sophonpanich)
Chairman and President
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