Individual Directors’ Compensation The Board of Directors has appointed the Nomination and Remuneration Committee to determine guidelines and components of compensation for the Board of Directors and Board’s committees as follows: 1. Directors’ compensation shall consist of two components: 1) monthly cash retainer, and 2) meeting allowance. (no other form of remuneration, monetary or otherwise). 2. Directors’ compensation amounts shall be based on their respective directors’ responsibilities and performance and IRPC’s operating results. They shall be comparable to those of their peers in companies of similar size and business risk profile, in order to attract and retain directors whose qualifications suit the company’s business needs. The compensation survey of the Thai Institute of Directors (IOD) and the Stock Exchange of Thailand shall also be taken into account. In this regard, the company’s director compensation rate for 2023 was comparable to the mean rate of company’s Board of Directors (monthly/person) based on the report on the survey of director compensation for the year 2022 by the Thai Institute of Directors Association ( IOD). 3. Determine compensation by taking into consideration the scope of duties assigned to directors and Board’s committee members. 4. Holders of the position of Chairman of the company’s Board of Directors and chairman of a Board’s committee receive extra compensation equal to approximately 30 percent of the base compensation for a director. 5. Board’s committees include the Audit Committee, Nomination and Remuneration Committee, Risk Management Committee and Corporate Governance and Sustainability Committee, receive a pro rata allowance each time they attend their respective Committee meeting. 6. Compensation for the Board of Directors and Board’s committees shall be subject to approval of shareholders at the AGM. The compensation for 2023 were presented to the 2023 Annual General Meeting of Shareholders on April 5, 2023 and the meeting approved the compensation for the company’s Board of Directors Board’s committees, which was at the same rates offered in 2022 as follows: 6.1 Compensation for the Board of Directors and its committees in 2023 (The company has used the same compensation package since 2006) No. Board and Committee Monthly compensation/ person Meeting allowance per time/person 1. Board of Directors Chairman 60,000 baht 60,000 baht Director 45,000 baht 45,000 baht 2. Board’s committees include the Audit Committee, Nomination and Remuneration Committee, Risk Management Committee and Corporate Governance and Sustainability Committee, and other committees that may be appointed by the Board of Directors in the future. Chairman N/A 60,000 baht Director N/A 45,000 baht 260 Report on Key Corporate Governance Activities IRPC Public Company Limited
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