Nomination and Remuneration Committee
The Nomination and Remuneration Committee's 3 reputable members comprises of Mr. Dej Bulsuk, Independent Director who serves as the Committee Chair, and there is Chief Operating Officer acting as Secretary to the Committee
| NAME / SURNAME | TITLE |
|---|---|
| 1. Mr. Dej Bulsuk | Chairman, Nomination and Remuneration Committee |
| 2. Mr. Paiboon Damrongchaitham | Member, Nomination and Remuneration Committee |
| 3. Mr. Chai Nasylvanta | Member, Nomination and Remuneration Committee |
| M.L. Kornkasiwat Kasemsri | Secretary to the Nomination and Remuneration Committee (Effective as of 25 Feb. 2011) |
Note:
1. Mr. Dej Bulsuk, Independent Director, was appointed as Chairman, Nomination and Remuneration Committee by resolution of the Board of Directors Meeting No. 4/2011, held on 13 July, 2011, in accordance to good corporate governance practice.
2. Mr. Dej Bulsuk and Mr.Chai Nasylvanta are Director, Independent Director and Audit Committee of the Company.
Duties and Responsibilities of the Nomination and Remuneration Committee
Nomination
- 1. Set guidelines and policies in nominating Board of Directors and other Committee members by considering what would be the appropriate number, structure and composition of members, outline necessary directors’ qualifcations, and propose these ideas for approval by Board of Directors and/or shareholders as appropriate.
- 2. Search, select and propose appropriate persons to assume the position of the Company’s directors whose terms have expired or became vacant
- 3. Execute other tasks related to nominations as assigned by the Board of Directors
- 4. Assess the performance of Chief Executive Offcers and report to the Board of Directors for their evaluation.
Remuneration
- 1. Prepare guidelines and policies in determining the Board of Directors and smaller committees’ remuneration, and propose it to the Board of Directors and/or shareholders’ approval as appropriate.
- 2. Determine necessary and appropriate monetary and non-monetary remuneration, for individual members of Board of Directors each year, taking into consideration each director’s duties and responsibilities, performance, and comparisons against similar businesses, and the benefts expected in return from each director. The report will be submitted to the Board of Directors for consent and to the shareholders’ meeting for approval.
- 3. Report to the Board of Directors. Is responsible for explaining and answering any questions regarding the Board of Directors’ remuneration in shareholders’ meeting.
- 4. Report policies and principles/reasons in determining the remuneration of directors and management according to the SET guidelines by disclosing them in the Company’s annual information disclosure (56-1) and annual report.
- 5. Responsible for other tasks related to the remuneration as assigned by the Board of Directors, in terms of business strategies, policies, business plans and budgets, which will be proposed to the Board of Directors for consideration and approval..