71 General Principles Good Corporate Governance Principles Directors’ Code of Business Ethics Appendix Code of Business Ethics Anti-Corruption Electricity Generating Public Company Limited 3.9 Remuneration of the President and Executive The Board of Directors, upon recommendations from the NRC, determines remuneration for the President which consists of salary and bonus. Monthly salary shall factor in comparison with peers and annual performance assessment; whereas bonus payment shall be considered linked to KPIs achievement incorporating both annual KPIs, and long-term KPIs in the strategic plan for future growth. As a result, the President’s remuneration is aligned with EGCO’s objectives and milestones, and with the Company’s interests over short and long term. The Board of Directors, upon recommendations from the NRC, shall approve remuneration for the President and Senior Executive Vice President. The NRC shall consider remuneration of EVP-level executives and the Corporate Secretary and propose to the Board for acknowledgement. The Audit Committee shall consider and approve remuneration of the SVP-Internal Audit. 4.1 Board Assessment Policy The Board of Directors determines that an annual performance assessment of the entire Board be conducted regularly. The assessment looks into various dimensions namely: entire Board assessment; individual Director assessment; cross-assessment; and assessment of every single Board-appointed committee, for the Board to jointly participate in assessment their performance, issues and challenges over the year, to further strengthen the Board’s overall performance and efficiency. 4. Directors Assessment
RkJQdWJsaXNoZXIy ODg4NTI=