PITC Board of Directors

The whole business and affairs of the Company shall be  under the  control and supervision of the Board of Directors. The Board has a non-executive chairman and  four  other members, consisting of one executive and three  independent non-executive directors. It collectively has a wide range of relevant business, financial and international experience, which is vital to the successful operations of an enterprise. The non-executive directors fulfill a vital role in corporate accountability by bringing their independent judgment to bear on issues brought before the Board and Board's Committees. They bring considerable knowledge and expertise from other areas of business in public life together with an international perspective, and their views carry significant weight, in Board's decision.

The Board is responsible for conducting the Company's business and determining the Company's strategy, reviews its quarterly performance and other activities. It deals with matters reserved for its decisions as laid down in the statute. The Board receives sufficient and timely information regarding corporate and business issues.  The Board  is committed to the objectives of achieving the highest standards of corporate governance, which are designed to provide assurance, that the organization is directed and controlled by its Board of Directors, so as to achieve its business objectives responsibly in accordance with the highest standards of accountability and integrity.

The full Board meets almost every month and manages overall control of the Company's affairs by a schedule of matters reserved for its decisions. These include approval of financial statements, authority level of treasury policies, risk management policies, business plan of the Company and succession plan for senior executives. The Board delegates the day-today business management control to the Chief Executive of the Company.