74
Annual Report
2013
attends the Board meeting. As for the Committees,
the payment is made on attendance basis to the
Committee’s meeting. At present, the retainer as
approved by the shareholders’ meeting is as follows :
• The retainer for the Board of Directors’
Chairman is Baht 50,000 and for Directors is Baht
40,000 each.
• The retainer for committee members:
Committee Chairman’s retainer is Baht 30,000 and
Committee member’s retainer is Baht 24,000. The
four Committees comprises the Audit Committee,
theHuman Resources and RemunerationCommittee,
the RiskManagement Committee and the Investment
Committee.
Presently, Directors do not receive other
remunerations from the Company aside from these
two types of remunerations.
3. ExecutiveDirector does not receive fixed
retainer but is entitled to receive bonus as a Director.
Remuneration for high level executives is in
linewith the criteria and policy set earlier by the Board
of Directors andmust be considered and screened by
theHuman Resources and RemunerationCommittee.
The remuneration is linked with the performance
appraisal against the earlier agree target and must
seek approval from the Board of Directors.
For employees, the Company’s policy
is to offer fair remuneration that is suitable to the
position and responsibility with consideration on
each job’s importance as well as national economic
situation and average remuneration in the labor
market, especially those in similar businesses. The
Company regularly surveyed average remuneration
in the market on yearly basis in order to assure that
its remuneration is competitive.
