Remuneration of Directors

• Monetary compensation

  The Company has set the policy on remuneration for the Managing Director and directors clearly. The directors’ remuneration is set appropriately with the Company’s duties. The Nomination and Compensation Committee scrutinizes and proposes to the Board of Directors for the consideration of the appropriateness in various factors including size, business expansion, profit growth. The Company’s compensation will be set at the same level as the industry’s. The directors’ remuneration has been approved by the shareholders’ meeting every year, paid in form of monthly. Remuneration, bonus and meeting allowance. For year 2022, the details are as follows :

  1. Monthly remuneration

     • Chairman 120,000 Baht / person / month
     • Director 70,000 Baht / person / month

  2. Meeting allowances paid according to the number of meetings

     • Chairman 40,000 Baht / person / number of meetings
     • Director 30,000 Baht / person / number of meetings

  However, executive directors shall not receive meeting allowances.

• Non-monetary remuneration

  Other benefits provided to the Company’s directors are e.g. Insurance covering the liability of directors and executive officers of the Company, and the expenses for attending seminars and training courses of IOD and other related institutions.

Management’s Remuneration

• Monetary remuneration

  The remuneration of executives : The Company has criteria to pay the remuneration based on the Company’s performance, knowledge, competency, and evaluation result of each individual.

• Non-monetary remuneration

  • The Company has set up the provident fund which the employees will voluntarily contribute the fund at the ratio of 2-7% of their salaries and the Company will jointly contribute the fund at the rate of 5-7% of their monthly salaries. The registered fund is managed by a licensed fund manager in compliance with the Act of Provident Fund B.E 2530 (1987). In 2022, the Company has contributed the fund for an executive in total of 0.72 million Baht.
  • The executives shall have other welfare same as the employee in several forms such as medical care, health insurance, annual physical checkup plan categorized by age, life insurance, allowances for wedding, allowances for funeral of employee’s family, uniforms, annual trips and staff parties including privileges for staff to purchase products on discount subject to Company’s terms and conditions.