75 General Principles Good Corporate Governance Principles Directors’ Code of Business Ethics Appendix Code of Business Ethics Anti-Corruption Electricity Generating Public Company Limited EGCO stipulates directors’ remuneration at an appropriate rate comparable with peers. Three components in remuneration package include retainer fees, meeting allowance and bonus, which is special payment annually according to value generated to shareholders. The NRC is tasked with determining preliminary remuneration for directors, prior to submission for the Board’s consideration, and then propose to the AGM for shareholders’ consideration. The following principles apply: • Retainer and meeting fees are considered on the basis of industry practice, operating results and size of the Company, responsibility, knowledge, talent and experience of directors as required by the Company. • Bonus is considered on the basis of the Company’s profits, or dividend payment to shareholders approved at AGM, and allocation agreed among directors. • There is no other benefit for the Board of Directors and its subcommittees. • Remuneration of subcommittees appointed or shuffled during the year is at the Board’s discretion, and the Board considers appropriateness and scope of duty and responsibility. • The President receives zero remuneration in director’s capacity. EGCO has the policy to disclose remuneration of individual Directors of the Board for the sake of transparency. Directors appointed to serve in various Board’s Committees receive remuneration for Committee membership in recognition of added duty and responsibility. Executives serving in the Board and Committees shall not receive remuneration. 6. Directors’ Remuneration
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