116
Annual Report
2013
In 2013, the Human Resources and Remuneration
Committee held six meetings to consider related
matters in compliance with its authorities and
responsibility assigned by the Board of Directors.
Its responsibility includes ensuring that the Board
of Directors of the Group has the right size and
composition and has diverse aspects in response
to the changing environments. In recruitment of
directors and high-level executives for the Company’s
Group, the Committee carefully follows the pre-set
policy, criteria, method and process that are clear,
transparent, appropriate and of the benefits of the
organization in order to ensure that the Company’s management team comprises executives with the
appropriate qualifications, knowledge, skills and experience to efficiently and successfully manage
the Company. The Committee also gives high importance to enhancing employees’ capability to best
support the Company’s business expansion and sustainable growth. This also includes succession
plan for key positions.
The Committee has set clear and transparent criteria that correspond to the performance and
scope of responsibility and duties. The criteria are in line with the best practice in other industries
with similar nature of business and size. This enables the Company to inspire, maintain and attract
high-potential and capable persons with required qualities, which will drive organizational progress
towards success and goals. The Board of Directors’ remuneration was presented to the Board of
Directors and shareholders’ meeting for consideration and approval every year. The information about
the remunation of the Board of Directors and executives is disclosed in the Annual Report.
In appraising corporate performance, the Committee conducted quarterly and annual performance
appraisal to follow up the operational progress and identify problems. The Committee has worked with
the Management in preventing and addressing possible problems and challenges by maintaining the
balance between three factors critical to corporate sustainable development and growth – economic,
social and environmental factor. Such policy is transferred to its subsidiaries, affiliates and joint ventures
through its representatives in those companies.
The Human Resources and Remuneration Committee has considered that the Group’s human
resources and remuneration activities are compliant to the good governance principle. The Company’s
Board of Directors and Management are appropriately composed of members who have the required
qualities, knowledge, capabilities and experience to support the Company’s operations and ability to
achieve its pre-set goals and objectives.
Human Resources and Remuneration
Committee’s Report
Mr. Trakul Winitnaiyapak
Chairman of the Human Resources and Remuneration
