Performance of the Committee

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 and also has a Nomination and Compensation Committee to consider and screen and propose to the Board of Directors for consideration by considering the suitability of various factors, including considering the size, business expansion, company’s profit growth and the Company’s compensation will be set at the same level as the same industry. The directors’ remuneration has been approved by the shareholders’ meeting every year.

  • Non-monetary remuneration

    Other benefits that provided to the Company’s directors are Insurance protects the liability of directors and executive officers of the Company including the expenses for attending seminars and training courses of IOD and other related institutions.

Remuneration of Executives

  • Monetary compensation

The Company has criteria to pay the remuneration by linked to the Company’s performance, knowledge and capability and Performance evaluation of each person.

  • Non-monetary remuneration
    • The Company has set up the provident funds 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 2021, the Company has contributed the fund for 7 executives in total of 1.3 million Baht.
    • The executives shall have other welfare same as the employee in several forms such as medical care, health insurance, annual physical checkups plan categorized by the age, life insurance, allowances for weddings, allowance for funerals of employee’s family, uniforms, annual vacation trips and parties as well as discounts on Company’s products based on established criteria and conditions.