Management Remuneration GGC evaluates management performances annually by using ey Performance Indicators ( PIs), which include financial performance, implementation of long-term strategic goals, personal performance, GGC’s performance, and guidelines of peer SET-listed companies of a similar size. The evaluation also takes into account their responsibilities, management development, and overall economic circumstances. Remuneration for the Managing Director is determined using transparent, fair, and reasonable criteria. Duties and responsibilities are also taken into account in conjunction with personal performance. The Nomination and Remuneration Committee reviews the outcomes before submission to the Board of Directors for approval. At the top management hierarchy, the Managing Director earns compensations and other benefits in addition to those received as Director of the Board of Directors. Total compensation received by the Executives under SEC’s definition who served in 2018 is shown below. Item Salary, bonuses, wages, and other welfares Provident fund contribution
Persons
Amount (THB)
13 12
44,829,145.43 3,477,139.83
Remark : * Including salary, bonuses, wages, and other welfares of retired Management and Acting Managing Director.
Securities held by Directors, their spouses, and their minors as of December 31, 2018 Directors* 1. Mr. Supattanapong Punmeechaow
Shareholding (Shares) As of Jan 1, 2018 As of Dec 31, 2018 -None50,000
2. Prof. Dr. Kumchai Jongjakapun
-None-
3. ACM Songtam Chokkanapitag 4. Mr. Payungsak Chartsutipol
-None-None-
15,000 (Spouse) -None50,000
5. Ms. Kannika Ngamsopee
-None-
20,000
6. Mr. Patiparn Sukorndhaman
-None-
23,000
7. Mr. Athavudhi Hirunburana 8. Mr. Apichart Jongskul 9. Mr. Suphit Suwagul 10. Mr. Narongsak Jivakanun
-None-None-None-None-
-None-None-None15,000
11. Mr. Sekxon Arttamangkura
-None(August 1, 2018)
-None-
Change during the year Increased during the year for 50,000 shares Increased during the year for 15,000 shares -No changeIncreased during the year for 50,000 shares Increased during the year for 20,000 shares Increased during the year for 23,000 shares -No change-No change-No changeIncreased during the year for 15,000 shares -No change-
emar : Compl it t e notification of S C o orC or 17 2 1 e: etermination of efinitions in otifications relating to ssuance and ffer for Sale of Securities Clause 2 16 * Including shares held by Directors’ spouse and minor children. Organization Structure
91