Subcommittee Report

In 2022, the Nomination and Remuneration Committee performed its duties in nominating 3 Directors to replace Directors who will retire by rotation at the Annual General Meeting of Shareholders for the year 2022, namely

1. Mr. Somchainuk Engtrakul (Independent Director/ Chairman of the Board of Directors)
2. Mr. Vicha Poolvaraluk (Director) and
3. Mrs. Oranuch Apisaksirikul (Independent Director).

The committee considered the qualification, knowledge, capability, experience, good work record and ethic. As a result, 3 of the aforementioned directors were nominated for re-election. The resolution was submitted to the Board of Directors and approved by the Annual General Meeting of Shareholders.

The Nomination and Remuneration Committee also performed its duties in setting remunerations for members of the Board of Director and sub-committees namely Audit Committee, Executive Committee and Nomination and Remuneration Committee who were not the company’s executives or employees by considering their duties, scope of responsibilities, which were in line with the remunerations paid to directors in listed companies of the same size and in the same industry, as well as considering the company’s performance, business environment and the overall economy. The remunerations were submitted to the Board of Directors and the Annual General Meeting of the Shareholders for approval.

In 2022, the Nomination and Remuneration Committee convened two times.

The Nomination and Remuneration Committee performed its assignments with prudence, transparency and independence in accordance with good corporate governance and in the interest of the company and all stakeholders. This practice was in line with the policy and criteria of the Nomination and Remuneration Committee.