Thai Rubber Latex Corporation (Thailand) PCL
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Content Page The Board of Director and Management’s History 1 - 16 PART 1 Company’s business 1. Policy and Overall Business Operations 17 - 21 2. Business Characteristics 21 - 30 3. Risk Factors 30 - 32 4. Business Assets 33 - 35 5. Legal Disputes 35 6. General Information and Other Significant 35 - 39 Information PART 2 Management and corporate governance 7. Stock and Shareholder Information 40 8. Management Structure 41 - 47 9. Corporate Governance 47 - 56 10. Corporate Social Responsibilities 57 - 60 11. Internal Control 60 - 63 12. Related Party Transaction 63 - 65 PART 3 Financial Status and Operational Results 13. Significant financial information 66 - 74 14. Analyze and Explanation of the Management 75 - 78 Details of the directors of the company’s subsidiaries 79 - 80 Information of Chief internal auditor and Chief of compliance 81 - 83 Financial Statements for the year ended 31 December 2018 and 84 Independent Auditor’s Report The Board of Director and Management’s History Annual Report 2018 Thai Rubber Latex Corporation (Thailand) PCL. Mr.Vorathep Wongsasuthikul Chairman Chairman of the Remuneration Committee Risk Management Committee Age Years 70 Appointment Date: 21 April 2017 Share holding: 6.32% Education Work Experience - present Executive Director Master of Economics, Ramkhamhaeng University 2018 Thai Rubber Latex Corporation Bachelor of Economics, Ramkhamhaeng University (Thailand) PCL. Training / Seminar 2008 - present Chairman Thai Rubber Latex Corporation Program-level executives. Science Institute of (Thailand) PCL. Capital Markets (5th generation) - present Director Guidelines to set up and proceed the audit 2005 Latex Systems PCL. committee effectively Institute of Business present Chairman Managing of Thailand 1995 – World Flex PCL. To increase the abilities of audit committee present Executive Director President of Internal audit committee of 1994 - Wang Somboon Rubber Estate Co., Thailand Ltd. Progression to apply Balanced Scorecard and Chief Executive Officer how to solve the problem practically 1998 - 2017 Thai Rubber Latex Corporation Thailand Productivity Institute (Thailand) PCL. Certificate of Completion (Directors Certification Managing Director Program) Thai Institute of Directors 1989 - 2011 Thai Rubber Latex Group Co., Ltd. Advanced Certificate Course in Public Managing Director Economics Management for Executives # King 1986 - 2007 9 Thai Rubber Latex Corporation Prajadhipok's Institute (Thailand) PCL. Advanced Certificate Course in Politics and Sales manager Governance in Democratic Systems for 1972 - 1979 Karn Yang Ngae Past., Ltd. Executives King Prajadhipok's Institute Director / Executive Manager in other business - None - Family relations between executives Father, Mr. Pattarapol Wongsasuthikul Father, Miss Chalongkwan Wongsasuthikul https:\\www.thaitex.com\ Page 2 Annual Report Thai Rubber Latex Corporation (Thailand) PCL. 2018 Mr.Paiboon Waraprateep Vice Chairman Executive Director Risk Management Committee Age 80 Years Appointment Date: 20 April 2018 Share holding: 1.48% Work Experience Education - present Vice Chairman International Finance & Investment Management 2008 Thai Rubber Latex Corporation Program Tsighua University, Beijing, China (Thailand) PCL. Training / Seminar 1995 – present Director World Flex PCL. Guidelines to set up and proceed the audit present Managing Director committee effectively Institute of Business Managing 1989 - Wang Somboon Rubber Estate Co., of Thailand Ltd. To increase the abilities of audit committee President present Executive Director of Internal audit committee of Thailand 1986 – Thai Rubber Latex Corporation Progression to apply Balanced Scorecard and how to (Thailand) PCL. solve the problem practically Thailand Productivity Executive Director Institute 1994 - 2011 Thai Rubber Latex Group Co., Ltd. Certificate of Completion (Directors Certification Managing Director Program) Thai Institute of Directors 1983 Wangyang Co., Ltd. 1972 Manager Thai Chuan Rubber Part., Ltd., Partnership 1967 - 1972 Sales manager Karn Yang Ngae Past., Ltd. Director / Executive Manager in other business - None - Family relations between executives Father, Mr.Prawit Waraprateep Father, Mr.Prakit Waraprateep https:\\www.thaitex.com\ Page 3 Annual Report Thai Rubber Latex Corporation (Thailand) PCL. 2018 Mr.Prachnon Temritikulchai Vice Chairman Risk Management Committee Age 73 Years Appointment Date: 20 April 2018 Share holding: 0.82% Work Experience Education Ph.D. (Industrial Business Administration) Faculty of 2008 - present Vice Chairman Administration and Management King Mongkut's Thai Rubber Latex Corporation Institute of Technology North Bangkok (Thailand) PCL. Master of Science in Technical Education in Industrial 2016– present President of the Alumni Association Business King Mongkut's Institute of Technology North North Bangkok Faculty of Business Bangkok Administration Bachelor of Industrial Technology Industrial 1995 - present Director Management King Mongkut's Institute of Technology World Flex PCL. North Bangkok 1986 – present Executive Director Training / Seminar Thai Rubber Latex Corporation Progression to apply Balanced Scorecard and how to (Thailand) PCL. solve the problem practically Thailand Productivity 1994 - 2011 Executive Director Thai Rubber Latex Group Co., Ltd. Institute Certificate of Completion (Directors Certification Program) Thai Institute of Directors Director / Executive Manager in other business - None - Family relations between executives - None - https:\\www.thaitex.com\ Page 4 Annual Report Thai Rubber Latex Corporation (Thailand) PCL. 2018 Mrs.Suchada Sodthibhapkul Independent Director Chairman of the Risk Management Committee Age 65 Years Appointment Date: 20 April 2018 Share holding: - 1997 - 2001 Assistant Managing Director KGI Education Securities (Thailand) PLC. MBA. Chulalongkorn University. 2010 - 1997 Assistant Managing Director KGI Securities (Thailand) PLC. Training / Seminar 2001 - 2017 Director Director Certification Program # 38/2003 from Thai Thai Bond Market Association Institute of Directors Association (IOD) Capital Market Acadamy Leadership Program # 2/2006 Director / Executive Manager in other business 2014 – present Executive Director Work Experience KGI Securities (Thailand) PLC. 2001 – present Director 2016 - present Chairman of the Risk Management Thai Bond Market Association Committee Thai Rubber Latex Corporation Family relations between executives (Thailand) PCL. - None - 2010 - present Independent Director Thai Rubber Latex Corporation (Thailand) PCL. 2014 - present Executive Director KGI Securities (Thailand) PLC. 2555 - 2016 Risk Management Committee Thai Rubber Latex Corporation (Thailand) PCL. 2008 - 2010 Director Thai Rubber Latex Corporation (Thailand) PCL. 2008 - 2016 Remuneration Committee Thai Rubber Latex Corporation (Thailand) PCL. 2001 - 2014 Managing Director KGI Securities (Thailand) PLC. https:\\www.thaitex.com\ Page 5 Annual Report 2018 Thai Rubber Latex Corporation (Thailand) PCL. Mr.Suchart Charoenpornpanichkul Director Risk Management Committee Age 54 Years Appointment Date: 26 February 2016 Share holding: - Education Work Experience Master of Business Administration major, Assumption University 2012 - 2018 Risk Management Committee Bachelor of Marketing major, Assumption University Thai Rubber Latex Corporation (Thailand) PCL. Training / Seminar 1999 - 2017 Executive Director - None - Thai Rubber Latex Corporation (Thailand) PCL. 1999 - 2011 Disbursement Control Committee Thai Rubber Latex Corporation (Thailand) PCL. 1996 - 2012 Managing Director Top Ten Furniture Co., Ltd. 1994 – 1995 Investment Officer Nithiphat Finance and Securities Co., Ltd. 2010 - 1993 Office of the Director Thai Rubber Latex Corporation (Thailand) PCL. 1996 - 2012 Managing Director Top Ten Furniture Co., Ltd. 1988 - 1989 Marketing office Toshiba (Thailand) Co., Ltd. Director / Executive Manager in other business - None - Family relations between executives - None - https:\\www.thaitex.com\ Page 6 Annual Report 2018 Thai Rubber Latex Corporation (Thailand) PCL. Mr.Yanyong Tawarorit Independent Director Chairman of the Audit Committee Age 80 Years Appointment Date: 21 April 2017 Share holding: - Work Experience Education 015 - present Chairman of the Audit Committee Bachelor in Faculty of Commerce, Major in 2 Thai Rubber Latex Corporation Accounting, Thammasat University (Thailand) PCL. Bachelor in Facuty of Law, Thammasart University 2010 - present Independent Director Thai Rubber Latex Corporation Training / Seminar (Thailand) PCL. To study on national securities, Internal securities 2011 - 2015 Audit Committee director section Thai Rubber Latex Corporation Seminar on high level develping of executive (Thailand) PCL. manager, the rd generation, NIDA 3 2014 - 2013 Director Evaluation on annual report, Office of the Auditor Thai Rubber Latex Corporation General of Thailand (Thailand) PCL. To observe the safety, 73th generation (Regional), 2011 - 2015 Audit Committee National Intelligence Agency Thai Rubber Latex Corporation Planning and Structural (senior level) 7th generation, (Thailand) PCL. NIDA 2003 - 2008 Director Financial Audit Management Intosai Development World Flex PCL. Initiative and Supervision Bangkok, Thailand. Accountant Meeting, Association of Accountant & CPA High level governor, 31st generation, Institute of Director / Executive Manager in other business Administration Development - None - Techniques to become