Report of Selection and Remuneration Committee

The Board of Directors has appointed the Selection and Remuneration Committee to responsible for recruiting and proposing persons who are qualified to serve as the directors and various subcommittees, including the Managing Director, as well as organizing the policies of remuneration of the Directors and the Managing Director to the Board of Directors or Shareholders’ meeting for consideration.

 

The Selection and Remuneration Committee of Ratchthani Leasing Public Company Limited comprises three members namely as follows:

1. Mr.Suvit Arunanondchai (Independent Director) as Chairman of the Committee
2. Mr.Varavudh Varaporn (Independent Director) as Member of the Committee
3. Mr.Anuwat Lueangthaweekul (Non-executive Director) as Member of the Committee

 

In 2016, the Selection and Remuneration Committee held 3 meetings to significant manage the following issues:

  • Select and consider qualified candidates to be the directors and members of sub-committees propose to the Board of Directors and in the common shareholders’ meeting for approval.
  • Determine proper remuneration and other benefits of the directors and the members of sub-committees in accordance with their duties and responsibilities appropriately, by comparing with other company in the similar industry and proposing to the Board of Directors and in the common shareholders’ meeting for approval.
  • Determine criteria to evaluate the performance of the Managing Director and the annual remuneration for proposing to the Board of Directors for approval.
  • Consider and review policies, schemes and criteria of the selection and remuneration, and the determination of the remuneration of the Company’s directors, members of the sub-committees, and the Managing Director.

In addition, the Selection and Remuneration Committee attended the 2016 compensation survey for the Director program of the listed companies in order to be as operation guidelines aligned with the other listed companies commonly. Moreover, the Selection and Remuneration Committee has supported every director to attend the Role of the Compensation Committee (RCC) course held by Thai Institute of Directors Association.

In summary, the Selection and Remuneration Committee has performed such above duties and responsibilities assigned by the Board of Directors and viewed that in 2016 the Company’s directors, members of sub-committees and the Managing Director are knowledgeable and capable persons including the consideration the remuneration and other benefits shown in the Annual Report was suited with their duties and responsibilities in accordance with the economic condition and overall performance of the Company.

Mr. Suvit Arunanonchai

Chairman of Selection and Remuneration Committee