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The Remuneration Committee, composed of three non-executive independent Directors, is charged with setting policies, methodology and criteria for establishing, and for considering and reviewing the establishment of remuneration of Directors, the President and the Managing Director fairly, transparently and in consonance with the Company s results and each individual s performance. It reports independently to the Board of Directors so as to ensure that remuneration is established in a way that is appropriate and fair to all interested parties whilst safeguarding shareholders interests, in accordance with the Company s principles of good corporate governance. In 2008 the Remuneration Committee met to consider the following matters 1. Establishment of remuneration for the year 2008 and monthly remuneration for 2009 for the President of the Executive Board and the Managing Director 2. Establishment of remuneration for the year 2008 for individual Company Directors based on the performance of the Company and the duties and responsibilities and performance of each individual Director within an overall monetary limit to be approved by the shareholders.
Pricha Attavipach Chairman of the Remuneration Committee
48
Annual Report 2008