Corporate Governance

Ensure Effective CEO and People Management

The Nomination and Remuneration Committee has set the criteria and policy to nominate and appoint the Company’s directors and top management and propose the list for an approval of the Board of Directors and/or an Annual General Meeting of shareholders. A person to be appointed as the company’s director shall possess qualifications as specified by the Public Limited Company Act B.E. 2535, the Securities Exchange Act, notifications of the Stock Exchange Commission (SEC), notifications of the Capital Market Advisory Board and/or other regulations regarding other qualifications, such as work experience, knowledge, and etc. According to the Company’s regulation, the Company’s Board of Directors consists of at least five members and at least half of the total members shall reside in the kingdom of Thailand. In addition, the Company’s directors shall be elected by majority voting in the Annual General Meeting of shareholders as the following details:
    1.Each shareholder shall have one vote per share held by them.
    2.Each shareholder shall cast all of his/her votes in (1) for one or more candidates but shall not divide his/her
       voting rights amongst the candidates.
    3.The candidates elected to fill up the vacant positions in the Board of Directors shall be selected in order of the
       number of the votes received. In a case there is a tie amongst candidates, the chairman of the meeting shall
       cast the deciding vote.

The Board of Directors oversees the management and personnel development. The board ensures that human resource management is carried out in accordance with the Company’s vision, goals and strategies. They ensure that trainings are provided for employees to educate them, enhance their knowledge, ability and skills, and motivate them as appropriate. Finally, the Board of Directors also arranges the establishment of employee’s provident fund for their pensions.