69 General Principles Good Corporate Governance Principles Directors’ Code of Business Ethics Appendix Code of Business Ethics Anti-Corruption Electricity Generating Public Company Limited 3.7 Senior Executive Appointment and Succession Plan The Board of Directors determines the policy and criteria in selection of President and succession plan in case of contingency or retirement. The selection process is clear and transparent, taking into consideration knowledge, experience, talent, ethical conduct and leadership quality. The NRC is tasked with nomination of candidates with the right qualifications of a President. At the same time, the President is authorized to conduct selection of individuals with qualifications determined by the NRC to serve in top executive positions and proceeding according to the selection process stipulated in the Company’s human resource management regulations B.E. 2564 and the Board’s resolution as followed: Appointment of the Board’s secretary and assistant secretary must be approved by the Board of Directors; and appointment of SVP-Internal Audit must be approved by the AC. The President approves appointment of SVP and VP. The NRC approves appointment of SEVP, EVP as well as executives in subsidiaries and joint ventures where the Company has authority to make appointment, in EVP-equivalent positions at EGCO. The Board of Directors approves appointment of the President. 1. 2. 3. 4.
RkJQdWJsaXNoZXIy ODg4NTI=