Independent Directors
Mr. Sutat Patmasiriwat
Chairman
Independent Director
Chairman of the Investment Committee
Independent Director
Chairman of the Investment Committee
Mr. Praphaisith Tankeyura
Independent Director
Chairman of the Audit Committee
Member of the Risk Management Committee
Chairman of the Audit Committee
Member of the Risk Management Committee
Mr. Kriengkrai Rukkulchon
Independent Director
Chairman of the Human Resources and Remuneration Committee
Member of the Risk Management Committee
Chairman of the Human Resources and Remuneration Committee
Member of the Risk Management Committee
Mr. Panuwat Triyangkulsri
Independent Director
Chairman of the Corporate Governance and Sustainability Committee
Member of the Audit Committee
Chairman of the Corporate Governance and Sustainability Committee
Member of the Audit Committee
Mrs. Chayanan Pakdeejit
Independent Director
Member of the Audit Committee
Member of the Audit Committee
Mr. Borwornsak Wanich
Independent Director
Member of the Human Resources and Remuneration Committee
Member of the Human Resources and Remuneration Committee
Independent Directors means the Director who has qualifications and being independent as defined by the Company’s regulation regarding the Board of Directors, complying with the criteria and regulation enforced by the Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand (SET) as follows
“Independent Director” of the Company means the Director who possesses the following qualifications:
- holding shares not exceeding 0.5 /1 per cent of the total number of voting rights of the Company, its subsidiary, affiliate, joint venture or juristic person which may have conflicts of interest, including the shares held by related persons of the Independent Director;
- neither being nor having been an Executive Director, employee, staff or advisor who receives salary, or a controlling person of the Company, its subsidiary, affiliate, joint venture, same-level subsidiary or juristic person who may have conflicts of interest unless the foregoing status has ended not less than two years prior to the date of appointment as the Independent Director;
- not being a person related by blood or registration under laws, such as father, mother, spouse, sibling, and child, including spouse of the children, executives, major shareholders, controlling persons, or persons to be nominated as executive or controlling persons of the Company or its subsidiary;
- not having a business relationship with the Company, its subsidiary, affiliate, joint venture, or juristic person who may have conflicts of interest, in the manner which may interfere with his independent judgement, and neither being nor having a major shareholder, Non-Independent Director or executive of any person having business relationship with the Company, its subsidiary, affiliate, joint venture or juristic person who may have conflicts of interest unless the foregoing status has ended not less than two years prior to the date of appointment as the Independent Director;
The term “business relationship” aforementioned under paragraph one includes any normal business transaction, rental or lease of immovable property or extending loans, guarantee, providing assets as collateral, including any other similar actions, which result in the applicant or his counterparty being subject to indebtedness payable to the other party in the amount of there per cent or more of the net tangible assets or the applicant or twenty million Baht or more, whichever is lower. The amount of such indebtedness shall be calculated according to the calculation method for value of connected transactions under the Notification of the Board of Governors of the Stock Exchange of Thailand Re: Disclosure of Information and Act of Listed Companies Concerning the Connected Transactions mutatis mutandis. The combination of such indebtedness shall include indebtedness taking place during the course of one year prior to the date on which the business relationship with the person commences; - neither being nor having been an auditor of the Company, its subsidiary, affiliate, joint venture or juristic person who may have conflicts of interest, and not being a major shareholder, Non-Independent Director, executive or partner of an audit firm which employs auditors of the Company, its subsidiary, affiliate, joint venture or juristic person who may have conflicts of interest unless the foregoing relationship has ended not less than two years prior to the date of appointment as the Independent Director;
- neither being nor having been any professional advisor including legal advisor or financial advisor who receives an annual service fee exceeding two million Baht from the Company, its subsidiary, affiliate, joint venture or juristic person who may have conflict of interest, and neither being nor having been a major shareholder, Non-Independent Director, executive or partner of the professional advisor unless the foregoing relationship has ended not less than two years prior to the date of appointment as the Independent Director;
- not being a Director who has been appointed as a representative of the Company’s Director, major shareholder or shareholders who are related to the Company’s major shareholder;
After having been appointed as Independent Director with qualifications complying with the criteria under (1) to (7) mentioned above, the Independent Director may be assigned by the Board of Directors to take part in the business decision of the Company, its subsidiary, affiliate, joint venture, same-level subsidiary or juristic person who may have conflicts of interest on the condition that such decision must be a collective one.
/1 The criteria about the shares held by the Company’s Independent Director (which is not exceeding 0.5 per cent) is more strict than the criteria enforced by the Capital Market Supervisory Board (which is not exceeding 1 per cent).