Year 2007

PRINCIPLES OF GOOD CORPORATE GOVERNANCE
The Bangkok Insurance Public Company Limited Board of Directors fully realizes the significance of good corporate
governance and views it as a preliminary factor in enhancing the Company’s performance efficiency and sustainable business
growth, while gaining greater acceptance both inside and outside the country. This will, of course, lead to the significant goal of
generating the greatest benefit for all parties concerned, shareholders, investors, staff and other stakeholders including society at
large.
The Company’s Board is strongly determined to perform in accordance with the principles of good corporate governance
and has, therefore, formulated the Company’s policy on good corporate governance based on the guidelines defined by the SET
and the Office of Insurance Commission. In addition, the Board has assigned the Company’s management team to oversee and
strictly comply with good corporate governance principles, and report on the recommendations in order to improve the Company’s
policy on good corporate governance, and to ensure the ethics manual is in accordance with the guidelines of the SET and the
Office of Insurance Commission, while allowing for future modification. The aim is to be up-to-date and appropriate to the current
situation, and with higher international standard practices.
In 2006, the Company’s Board approved an improvement of the Company’s policy on good corporate governance to bring
it in line with the SET’s newly improved guideline and the Office of Insurance Commission’s guideline. The improvement can be
summarized as the following:
The Section on Corporate Governance Structure. Three issues of significant substance were added, namely:
1. Define the qualification of the Independent Committee so that it is more stringent than that defined by the SEC and the
SET concerning the proportion of shareholding of no more than 0.5 percent, including the determination of measures and duties in
a review of the appropriate qualification of a committee member for the Remuneration and Nomination Committee.
2. Increase the Board’s duties and responsibilities for a consideration on authorizing the operation to the President, apart
from the duties in an evaluation of work performance of the Board and the President.
3. Define a clearer policy on the development of the Board of Directors and the Management.
The Section on Shareholders’ Rights. Provide an opportunity for shareholders to submit questions to the Company
prior to the meeting day.
The Section on Equal Treatment of Shareholders. Provide the minority of shareholders’ rights to propose the
meeting’s agenda and nominate the Board’s director, through the criteria and procedures propagated on the Company’s website.
Shareholders may use these rights, starting from the annual general meeting of shareholders for 2007 onwards.
The Section on a Meeting of the Company’s Board. Encourage the Company’s non-executive directors to have
a meeting, with the secretary to the Board of Directors assigned to facilitate the matter.
Details of the Company’s policy on good corporate governance may be viewed on its website at www.bki.co.th
98