Bangkok, June 16 – “Sarunee”, an independent academic in economics, proposes to ITV to correct the minutes of the shareholders' meeting - financial statement submission form (Sor Bor Chor. transparent
Ms. Sarinee Archawanuntakul, independent academician in economics gave an interview to the Thai News Agency about the case of ITV Public Company Limited publishing a letter explaining to shareholders through the ITV website in 3 issues on June 15, 2023 that there are still some issues that are not clear explanations and still no notification of the way to continue can be summarized as follows
1. Issues: Minutes of the ITV Shareholders' Meeting dated 26 April 2023 that ITV clarified as a summary of the questions and answers in the meeting. Didn't take that word for word note, if seen from the published meeting clip, you will see that the last 2 questions in the clip In the minutes of the meeting, there were quite a lot of words that were changed from the original, for example, the answer "no action taken" was recorded as “Still carrying out the objectives…” So this report if not corrected. It should fall into the category of “false minutes of the meeting”. Therefore, ITV should revise the minutes of the meeting to be correct.
2. Form for submission of financial statements (Sor.Bor.Chor.3) or a cover page for submitting financial statements for the year 2022 should be considered a "false document" because it specifies "advertising media" in the box "Goods and Services" TV doesn't do this business. and no income from this business at all in 2022 Therefore, ITV should speed up submitting the revised form to the Department of Business Development as soon as possible, and the ECT should not consider the Sor.Bor.Chor.3 form that has been submitted to the petition.
3. Draft financial statements for the first quarter of 2023 that ITV identified as internal documents only. Therefore, it cannot be used for reference or use outside the company. And without any legal binding, if it is the same document that Mr. Ruangkrai Leekitwatana, a member of the Palang Pracharat Party bring to petition The Election Commission of Thailand (EC) showed that it could not be used as a reference. Recently, from the investigation, it was found that the link to download the draft financial statements for the 1st quarter of 2023 has disappeared from the website.
In this regard, Intouch Holdings Public Company Limited (INTUCH) as the parent company should come out to operate for clarity In particular, the company's audit committee is an independent director whose position can perform audits without any conflict of interest. or conflicts of interest
However, the Securities and Exchange Commission (SEC) as an agency that regulates companies on the stock exchange Has the power to order INTUCH to clarify to the SEC when it sees that it affects the stock market. In addition, INTUCH and ITV shareholders can request the company to investigate the case. While the company itself should conduct an audit of internal documents published on the website to ensure transparency.
As for the case where it was noted that the letter of explanation to shareholders, signed by “The Board of Directors of ITV Public Company Limited, did not specify the name of the person. optimism shows that It is a joint consideration and clarification from the Board of Directors of ITV, all 5 people without the need to sign the names of all 5 directors.-Thai News Agency
Source: Thai News Agency