2005 - Asianbanks.net

No. Name Directors Executive Audit Nomination Bonus Total
Directors Committee and
Remuneration
Commitee
10 Mr. Khemchai Chutiwongse 655,000.00 - - 95,000.00 627,579.28 1,377,579.28
11 Dr. Sathit Limpongpun 431,612.90 - - - - 431,612.90
12 Mr. Apisak Tantivorawong - - - - 784,474.10 784,474.10
The directors’ compensation in 2005 totaled Baht 11,493,225.80, or Baht 1,843,229.34 higher than that in 2004. The increase was
due to the adjustment proposed by the Nomination and Remuneration Committee at its 3/2548 meeting on 27 April 2005 to bring
the directors’ compensation in line with the prevailing rate among commercial banks. The total compensation did not exceed the
budget of Baht 15 million approved at the shareholders’ meeting.
1.2 In 2005, compensation for 6 executives in the form of salary, meal allowance, and bonus amounted to Baht 36,190,484.50.
2) Other Compensation
In 2005, the Bank’s contribution to provident fund on behalf of 6 executives (1) amounted to Baht 1,397,537.67. The contribution was based
on the Bank’s Provident Fund criteria based on the following years of service: within the first 5 years 3%, 5-10 years 5%, 10-15 years 7%, more than
15 years 10%.
Note: (1) Executives in this provision mean those four highest ranking executives after the President and those with similar title.
Auditor’s Compensation
In 2005, the Bank’s auditor charged a fee of Baht 8.2 million for the audit of the Bank and its subsidiaries. The fee covered half-yearly audits,
quarterly audits and special audit for the Bank of Thailand.
There was no other service fee.
Shareholding by Directors and Executives
Name
Position
No. of shares held as
at 31 December 2005
1. Mr. Sompol Kiatphaibool Chairman, Board of Directors -
Chairman, Board of Executive Directors
2. Mr. Somkiat Sukdheva Director 150,000 shares
Independent Director
Chairman, Audit Committee
3. Mrs. Tasna Rajatabhoti Director -
Executive Director
Member of Nomination and Remuneration Committee
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