Supalai Public Company Limited attaches importance to good corporate governance system, it, therefore, has appointed the Nomination and Remuneration Committee to consider the format and criteria for payment of remuneration to the directors, Chief Executive Officer and Executive Management. The details are as follows.

Remuneration of Directors

  1. The Company specified the policy on rules of presentation and consideration for remuneration of directors to create the incentives of assigned performance to achieve goals effectively. The Nomination and Remuneration Committee are assigned to consider the remuneration rates of committee carefully, scrutinize the suitability of various reasons thoroughly, compare and refer by the same business including consideration from the expanding business, there shall be presented to the Board of Directors and the meeting of the shareholder.

  2. The Company shall not pay any money or other property to directors unless the remuneration is paid as the rights and benefits habitually as being the Company’s director.

  3. The remuneration of directors shall be paid in accordance with the resolutions of the shareholders' meeting which comprise a vote not less than two-thirds of the total votes of shareholders who join the meeting./p>

Remuneration of Chief Executive Officer

The company specified a remuneration policy of the Chief Executive Officer, which the Board of Directors are assigned to consider the results of the Company’s operation based on indicator (KPI: Key Performance Indicator) approved by the meeting of Board of Directors, thereafter the Nomination and Remuneration Committee will consider the results of performance and consider remuneration of the Chief Executive Officer to comply with the result of performance based on indicators.

There are the criteria for evaluating the performance of the Chief Executive Officer which administrate under the mission, vision, the strategy of the company, business goals and annual business plans. It is comprised of two measurements following;

1.   Business portfolio

2.   Internal management

Remuneration of Executive Directors

The Company has adopted the policy and criteria in providing remuneration to the executives by assigning the Nomination and Compensation Committee to assess the performance of the executive management by considering and screening the remuneration executives at the level of assistant managing directors and above by determining the remuneration to be consistent with the operational results of the Company and the performance of each executive to be further proposed to the Board of Directors for approval.