Panjawattana Plastic Public Company Limited

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Panjawattana Plastic Public Company Limited Annual Report 2012the financial statements and the ability to perform other duties as member of the AuditCommittee. ExecutivesThe Company has the policy to select its executives from persons whopossess knowledge, ability and experience relevant to the business. Selection shall be inaccordance with the human resource management regulation. Approval must be soughtfrom the Board of Directors/or the Board’s authorized persons.The Board of Directors is empowered to select a Chief Executive Officer.Appointment of the Chief Executive Officer must be approved by the Board. The ChiefExecutive Officer is empowered to recruit and appoint persons who possess knowledge,ability and experience relevant to the business as the Company’s employees. However,an appointment of the chief or responsible person for internal audit and control mustreceive prior endorsement from the Audit Committee.9.1 Directors’ and Executives’ RemunerationDirectors’ remunerationa) Monetary RemunerationThe company has considered the directors’ remuneration by properly comparisonreferring similar segment business with company. The 2012 Annual General Meeting ofShareholders on 30 April 2012 set out remuneration rates for the directors of theCompany as follows.1. Meeting allowance- Board Chairman Bt. 25,000 / meeting- Audit Committee Chairman Bt. 15,000 / meeting- Risk Management Committee Chairman Bt. 15,000 / meeting- Directors, Audit Committee members and Risk Management CommitteeMembers Bt. 10,000/ meeting46
Panjawattana Plastic Public Company Limited Annual Report 20122. Monthly remuneration for independent directors Bt. 10,000 /month3. Bonus of Directors exclude who directors are responsible in ExecutiveCommittee Chairman and Members Total amount not over Bt. 1,000,000.-Monetary Remuneration for the Directors of the Company in 2012 is detailed below.NameBoard of DirectorMeetingallowanceAuditCommitteeMeetingallowanceRemuneration (Baht)RiskManagementCommitteeMeetingallowanceMonthlyremuneration ofIndependentDirector1.Dr. Damri Sukhotanang 150,000 - - 120,000 250,000 520,0002. Mr. Kongsak Hemmontharop 50,000 - - - 50,0003.Mr. Wiwat Hemmondharop 60,000 - - - 60,0004.Mrs. Malee Hemmontharop 60,000 - - - 60,0005.Mr. Satit Hemmondharop 60,000 - 10,000 - 70,0006.Mr. Pirun Hemmondharop 60,000 - 10,000 - 70,0007.Miss Charanya Sangsukdee 60,000 75,000 10,000 120,000 200,000 465,0008.Assoc. Prof. Dr. Aekkachai60,000 50,000 15,000 120,000 200,000 445,000Nittayakasetwat9.Mr. Natthawut Khemayotin 60,000 50,000 10,000 120,000 200,000 440,000BonusTotal(Baht)Total 620,000 175,000 55,000 480,000 850,000 2,180,000b) Other remuneration- The Company has provided the Directors & Officers Liability Insurance (D&O) forthe directorsExecutivesa) Monetary RemunerationThe Company paid remuneration, i.e. salaries and bonuses for the executives asdetailed below:47
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