5. Board Self-Assessment In 2008 the Company’s Board made a start with assessing its own overall performance, using the form provided by the Listed Companies Supervision Development Centre of the Stock Exchange of Thailand, to allow all members of the board to consider the board’s performance and solve any problems they may have, and arranged for the self-assessment to take place on a regular annual basis. The result of Board assessment in 2012 was “Good” (Total score 3.53 out of 4, up by 4% from 2011) 6. Remuneration
7.1 The Company’s Board of Directors facilitates and supports training and study for Directors and members of the Audit Committee by way of regular attendance of various courses run by the Institute of Directors (IOD). At present 78% of Directors have attended these courses. Details are as follows. Name
Course
1. Mr. Sompong Phaoenchoke
Director Certification Program 26/2003
2. Ms. Kaewjai Phaoenchoke
Director Certification Program 29/2003
3. Mr. Somkiat Nimrawee
Director Accreditation Program 10/2004
4. Mr. Pricha Attavipach
Director Certification Program 39/2004 Finance for Non-Finance Directors 8/2004
5. Mr. Suvait Theeravachirakul
Director Certification Program 9/2001 Audit Committee Program 15/2006
6. Mr. Kavee Vasuvat
Director Forum Program 1/2000 Director Accreditation Program 23/2004 Director Certification Program 58/2005 Finance for Non-Finance Directors 18/2005 Audit Committee Program 10/2005
7. Mr Damri Tunshevavong
Director Certification Program 106/2008 Audit Committee Program 24/2008 Role of the Chairman Program 22/2009 Role of Compensation Committee 10/2010
Annual Report 2013
7. Development of Directors and Administrators
59 Thai Rung Union Car Public Company Limited
The Company has established a Nomination and Remuneration Committee, which is chaired by an independent director and is charged with setting policies, methodology and criteria for establishing the remuneration of Directors, the President and the Managing Director fairly, transparently, in consonance with the Company’s results and each individual’s performance, in line with industry norms, and sufficient to reward directors having the desired characteristics. Directors’ remuneration is subject to approval by a meeting of shareholders of the Company and to disclosure in the Company’s Annual Report and in Form 56-1 as required by the SEC. (For details please refer to Directors’ and Administrators’ Remuneration.)