CAT Telecom board will not resign and will make overseas tour



BANGKOK: -- The board of directors of CAT Telecom Plc will not resign and will carry on with its plan to make a business trip to Japan and the United States.

Mr Kittisak Sriprasert, managing director of CAT Telecom Plc, said today (Friday) that resignation was not an issue at the board’s meeting today because the board was not under any pressure to exit the company.

He said that the board would follow the directive ordered by the National Council for Peace and Order that all new projects which is worth more than 100 million baht would be put on hold until there is further instruction from the junta.

Previously, he explained that only a project which is worth more than 500 million baht required the board’s endorsement.

Commenting on the CAT Telecom’s labor union’s criticism of the board’s overseas business trips to Seattle and Japan during July 6-16 which will cost the company 11.4 million baht in spending, Mr Kittisak said that it was normal for the board to make business trips abroad in order to get themselves abreast with new telecom technology.

He went on say that he would seek a clarification from the NCPO at a meeting on Saturday about the company’s plan to auction off its 1800 megahertz spectrum.

Source: http://englishnews.thaipbs.or.th/cat-telecom-board-will-resign-will-make-overseas-tour/

-- Thai PBS 2014-06-20

of course nobody is flying MONKEY CLASS N CHEAP HOTEL ETC.

That is over a million Baht a day, sounds rather like a company outing than just a board meeting...

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Gulag candidates!

Is it just the board of directors or does the group include senior highly capable technical experts?

If it's just the board of directors then it's a scam.

One could suspect that there is some entourage in tow, and they have a lot of extra luggage for their shoe collection...

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From Bloomberg Bussinessweek http://investing.businessweek.com/research/stocks/private/board.asp?privcapId=8707222

CAT Telecom Public Company Limited INSIDERS ON Board Members Name (Connections) Relationships Title Age Kitisak Sriprasert 15 Relationships President, Senior Executive Vice President of Education & Training and Director 45 Other Board Members On Board Members Name (Connections) Relationships Type of Board Members Primary Company Age Prapart Praisuwanna 15Relationships Vice Chairman CAT Telecom Public Company Limited 56 Kittin Udomkiat 15Relationships Member of Advisory Board Internet Thailand Public Company Limited -- Tosporn Simtrakarn 15Relationships Member of Advisory Board CAT Telecom Public Company Limited -- Pakkaporn Sathienpakiranakorn 15Relationships Member of Advisory Board Total Access Communication Public Company Limited 66 Segsan Roylapcharoenporn 15Relationships Member of Advisory Board CAT Telecom Public Company Limited -- Phisal Jorphochaudom 15Relationships Member of Advisory Board CAT Telecom Public Company Limited -- Sanpachai Huvanandana Ph.D. 15Relationships Member of the Board of Directors CAT Telecom Public Company Limited 45 Taweesin Hirunwatsiri 15Relationships Member of the Board of Directors CAT Telecom Public Company Limited 57 Kasem Makarabhiromya 15Relationships Member of the Board of Directors CAT Telecom Public Company Limited 54 Kraisorn Barameeauychai 23Relationships Member of the Board of Directors Bangkok Bank Public Co. Ltd. -- Montri Sotangkur 15Relationships Member of the Board of Directors CAT Telecom Public Company Limited 49 Pankanitta Boonkrong 27Relationships Member of the Board of Directors Dhipaya Insurance Public Company Limited 56 Norrawit Larlaeng 15Relationships Member of the Board of Directors CAT Telecom Public Company Limited -- Chawewan Kongcharoenkitkul 15Relationships Member of the Board of Directors CAT Telecom Public Company Limited -- Thosaporn Sirisumphand 15Relationships Member of the Board of Directors CAT Telecom Public Company Limited

Perhaps they will reconsider their resignation after the trip.

From Bloomberg Bussinessweek http://investing.businessweek.com/research/stocks/private/board.asp?privcapId=8707222

CAT Telecom Public Company Limited INSIDERS ON Board MembersName (Connections) Relationships Title Age Kitisak Sriprasert 15 Relationships President, Senior Executive Vice President of Education & Training and Director 45Other Board Members On Board MembersName (Connections) Relationships Type of Board Members Primary Company Age Prapart Praisuwanna 15Relationships Vice Chairman CAT Telecom Public Company Limited 56 Kittin Udomkiat 15Relationships Member of Advisory Board Internet Thailand Public Company Limited -- Tosporn Simtrakarn 15Relationships Member of Advisory Board CAT Telecom Public Company Limited -- Pakkaporn Sathienpakiranakorn 15Relationships Member of Advisory Board Total Access Communication Public Company Limited 66 Segsan Roylapcharoenporn 15Relationships Member of Advisory Board CAT Telecom Public Company Limited -- Phisal Jorphochaudom 15Relationships Member of Advisory Board CAT Telecom Public Company Limited -- Sanpachai Huvanandana Ph.D. 15Relationships Member of the Board of Directors CAT Telecom Public Company Limited 45 Taweesin Hirunwatsiri 15Relationships Member of the Board of Directors CAT Telecom Public Company Limited 57 Kasem Makarabhiromya 15Relationships Member of the Board of Directors CAT Telecom Public Company Limited 54 Kraisorn Barameeauychai 23Relationships Member of the Board of Directors Bangkok Bank Public Co. Ltd. -- Montri Sotangkur 15Relationships Member of the Board of Directors CAT Telecom Public Company Limited 49 Pankanitta Boonkrong 27Relationships Member of the Board of Directors Dhipaya Insurance Public Company Limited 56 Norrawit Larlaeng 15Relationships Member of the Board of Directors CAT Telecom Public Company Limited -- Chawewan Kongcharoenkitkul 15Relationships Member of the Board of Directors CAT Telecom Public Company Limited -- Thosaporn Sirisumphand 15Relationships Member of the Board of Directors CAT Telecom Public Company Limited

Perhaps they will reconsider their resignation after the trip.

<deleted> Kin Ell.

I guess there are no laws about interlocking directorates in Thailand. Got to agree with you, Robby!

Should I even care? Because I really don't!

Why not use skype and tele conferencing?

One could suspect that there is some entourage in tow, and they have a lot of extra luggage for their shoe collection...

Sent from my GT-N7100 using Thaivisa Connect Thailand mobile app

...regardless, it is almost a quarter of a million pounds...!! Company directors in many companies in the UK these days would be strung up for such shameless extravagance...!!

Why not use skype and tele conferencing?

Because the CAT international bandwidth is not enough.

Why not use skype and tele conferencing?

Because the CAT international bandwidth is not enough.

Heheheheheh, my laugh of the day :-)

Commenting on the CAT Telecom’s labor union’s criticism of the board’s overseas business trips to Seattle and Japan during July 6-16 which will cost the company 11.4 million baht in spending, Mr Kittisak said that it was normal for the board to make business trips abroad in order to get themselves abreast with new telecom technology.

One day in Seattle one day in Japan and 8 day stop over in Dubai...

Sounds like an easy practice to target that gets a lot of press and make paddy field workers happy.

Why would a public company being paying board members to travel? This is something technical experts in the company would have to do then report back to the board.

These practices appear endemic to public companies; there origin and continuance must have had support from the armed services? I wonder what the new gift will be?

Why not use skype and tele conferencing?

Skype does not serve cocktails 'business lunch' and dinner parties.

Better make that trip to USA soon, before sanctions kick in.

Seattle? What telecom companies are in Seattle? F5 Networks is the only thing that comes to mind, but they're more focused on application delivery than actual telecommunications.