competency, and experience that aligned with GC’s strategic directions and business approach. The Board of Directors and the 2023 AGM thus resolved to approve the appointment of these candidates as Directors as instructed by the Committee. Nominating and selecting qualified candidates to replace Directors who resigned during 2023, namely Mr. Surachai Achalaboon, Police Colonel Dusadee Arayawuit, Mr. Thanwa Laohasiriwong, and Mr. Predee Daochai. The Board of Directors approved the appointment of the candidates as Directors as instructed by the Committee. Nominating Directors to fill vacant positions on four Sub-committees, namely the Audit Committee, the Nomination and Remuneration Committee, the Corporate Governance and Sustainability Committee, and the Risk Management Committee and presenting a list of candidates to the Board of Directors for consideration and approval under the criteria and procedures for the nomination and appointment of GC’s Directors. The Committee took into consideration the qualifications of each Directors in accordance with relevant laws and regulations of the Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand (SET), GC’s Articles of Association, and the charters of Sub-committees. The Board Skills Matrix and specialized experience that could benefit their role on the Sub-committees were also taken into account. 2. Performance Assessment of the Board of Directors and Chief Executive Officer and President Reviewing Board performance assessment forms, namely group assessment, self-assessment, and peer-assessment, for the year 2023 to ensure comprehensiveness, suitability, and alignment with DJSI assessment criteria, the ASEAN Corporate Governance Scorecard, CG Code, IOD’s Board Toolkit, as well as the current Board performance of duties. Monitoring the reporting of the Board performance for 2023 and establishing the Board’s key performance indicators (Board KPIs) for 2024, ensuring their alignment with DJSI’s assessment criteria and CG Code. Considering the 2023 performance assessment form of the Chief Executive Officer and President (CEO KPIs) and assessing his performance to determine suitable and fair remuneration. 3. Remuneration of Directors, Sub-committee Members, and Chief Executive Officer and President Determining and proposing the 2023 remuneration for the Board of Directors and for members of each Sub-committee to the Board of Directors and the Annual General Meeting of Shareholders (AGM) for consideration and approval. The proposed remuneration was determined in accordance with good corporate governance principles, based on GC’s operating results, the current economic situation relevant to GC’s businesses, the principles and policies approved by shareholders, the duties and responsibilities of the Board of Directors, the results of Board performance assessment, compared to the remuneration of Directors working at other listed companies of a similar size in the same industry and at other companies under the PTT Group. The Board of Directors and the 2023 AGM resolved to approve the Board’s remuneration as instructed by the Committee. Determining the remuneration of the Chief Executive Officer and President (CEO) for 2023 based on transparent, fair, and reasonable criteria, taking into account his annual performance pursuant to the assessment of CEO KPIs. 217 PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED Form 56-1 One Report 2023
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