4.
Consider, review, and keep the compensation method and compensation rate in line with market conditions and CPN’s business performance and the performance of individual directors and the President & CEO.
5.
Ensure that directors and the President & CEO receive a compensation package suitable for their duties and responsibilities.
6.
Define an assessment approach for the performance of directors and the President & CEO and decide their annual compensation by taking into consideration their duties and responsibilities as well as long-term value that they can create for shareholders.
7.
Consider the annual compensation for each director and the President & CEO before tabling them for the Board’s approval.
Risk management committee The Risk Management Committee is currently 10 members consist of managements from many divisions, and committee members namely:
1. Mr.Naris Cheyklin
Chairman
2. Mrs.Suwadee Singngam
Vice Chairman
3. Ms.Wallaya Chirathivat
Committee
4. Mr.Terachart Numanit
Committee
5. Mrs.Panida Sooksridakul
Committee
6. Mr.Wiwat Charoensawatpong
Committee
7. Mrs.Pattra Sapyaprapa
Committee
8. Mr.Athivut Suwanchinda
Committee
9. Mr.Thanasombat Sanitwange
Committee
10. Mrs.Prapairat Kanavittaya
Committee
Moreover, the committee has three advisories consist of directors and executive managements. The advisories are namely:
1. Mr.Paitoon Thaveebhol
Advisory Chairman
2. Mr.Prin Chirathivat
Advisory Vice Chairman
3. Mr.Kobchai Chirathivat
Advisory Vice Chairman
Duties and responsibilities of risk management committee 1.
Make suggestions and give support to the Board in formulating the risk management policy and defining acceptable risk levels.
2.
Define the framework of CPN’s risk management in line with the risk management policy, and follow up on its implementation as well as reviewing the effectiveness of the framework.
3.
Table a broad view for the Board’s consideration of business risks and its management method. It included a follow up on results and a verification efficiency of risk management framework.
4.
Review risk management reports, ensure adequate and suitable risk management to acceptable levels, and ensure continued implementation of risk management.