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After being appointed as the independent director in accordance with the conditions under the article (1) - (9), such independent director may be assigned by the board of directors to make decision in respect of collective decision on business operation of the Company, its parent company, subsidiaries, associates, same-level subsidiaries, major shareholders, or controlling parties of Company. The definition of independent director of the Company is equal to the minimum requirement of the Securities and Exchange Commission and the Stock Exchange of Thailand.

Remuneration of Directors 1. Monetary Remuneration. 1.1 Director Remuneration In 2010, the Company paid remuneration in the following: (Unit : Baht) No.

Name

1.

Mr. Wisit

Laohapoonrungsee

2.

Mrs. Niphapat

3.

Position

Amount

Chairman and Chief Executive Officer (CEO)

-

Romerattanaphun

Director and Executive Director

-

Mr. Thun

Thiansuwan

Director and Executive Director

-

4.

Mr. Chalit

Satidthong

Independent Director and Chairman of Audit Committee

368,000

5.

Mr. Wanchai

Tantikul

Independent Director and Audit Committee

368,000

6.

Mr. Preecha

Boonyakida

Independent Director and Audit Committee

368,000

The remuneration was given in term of a meeting allowance and annual premium. The directors who act as The Executive Committee will not be paid. 1.2 Remuneration of the Executive committee and Management In 2010, the Company spent Baht 53.5 million including salary, bonus and provident fund on ten members for the Executive Committee and Management Team.

2. Other Remuneration – None –

210

AREEYA AWARD WINNING ANNUAL CHIC REPORT 2010

A 10  

A_2010 AREEYA PROPERTY PCL Annual Report 2010

A 10  

A_2010 AREEYA PROPERTY PCL Annual Report 2010

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