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5.5 Performance evaluation
of committees
Every committee involved in corporate governance
has the duty to assess its own performance and report
to the Board of Governors annually. In 2014, the Audit
Committee, the Nomination and Remuneration Committee,
the Corporate Governance and Social Responsibility
Committee and the Risk Management Committee each
evaluated their performance and submitted the reports
to the SET Board of Governors.
5.6 Board remuneration
Subject to the provisions of the Securities and
Exchange Act, the BoG chairman and other BoG members
receive remuneration as determined by a meeting of
member companies. This ensures that all payments
are decided transparently and without the BoG’s
involvement.
The Nomination and Remuneration Committee
examined the compensation policy and criteria for the
BoG
Remuneration
Nomination
and Remuneration
Committee
Corporate Governance
and Social Responsi-
bility Committee
Risk Management
Committee
Other
committees
Audit
Committee
Monthly fees (THB)
Chairman
117,000
75,000
52,500
52,500
52,500
-
Member
78,000
50,000
35,000
35,000
35,000
-
Meeting allowance (THB / meeting)
Chairman
-
-
-
-
-
15,000
Member
-
-
-
-
-
10,000
BoG prior to proposing to a member companies’ meeting
for approval, in accordance with the provisions of the
Securities and Exchange Act, Section 177.
The Nomination and Remuneration Committee also
considered the compensation criteria for individual
members of other committees, the president and top
management and seek approval from the BoG. The
annual performance assessment criteria of the president
and other members of top management is clearly
defined, which is to benchmark individual actual
performance against their respective KPIs, individual
compliance with BoG policies, the overall economic
and social situation, and historical records.
BoG members received monthly remuneration as
approved by the annual general meeting of member
companies. Board members who were also on other
committees received additional remuneration as approved
by the BoG to reflect their duties and responsibilities.
In 2014, remuneration for Board and committee
members was: