(Mr. Woothisarn Tanchai) Chairman of the Nomination and Remuneration Committee As for the determination of directors’ compensation, the committee reviewed compensation offered to their peers by other companies of equivalent size in the same industrial sector. The compensation amounts proposed for 2021 were the same as those approved by the shareholders in the previous year, which in the committee’s view, remained appropriate and comparable to what other leading corporations paid their directors. The committee considered director bonuses carefully and appropriately against the Company’s operating results, dividend yield, Board of Directors’ performance assessment results and the company’s financial capability. In the year that the company is profitable, the Nomination and Remuneration Committee will propose director bonuses equivalent to approximately 0.30% of the net profit. In the year that the company reports a loss, no director bonuses will be awarded. In 2022, the Nomination and Remuneration Committee will prioritize supporting the human resource management strategy, or People Readiness, in line with IRPC’s new vision. That is to streamline its operations to achieve a workforce of appropriate size with suitable capabilities through recruitment, selection and retention. The new vision also seeks to develop high-potential individuals into capable leaders through human resource management mechanisms suitable for the modern workforce. People Readiness will be instrumental in improving IRPC’s competitiveness through a transformational process based on cutting-edge technologies and innovations. That will put IRPC in a position to engage its partners more effectively in collaborations to grow new businesses for sustainable growth guided by corporate governance. The Nomination and Remuneration Committee would like to take this opportunity to reaffirm its commitment to perform its duties with fairness, transparency and maximum efficiency to the best interests of the Company and shareholders, and, above all else, for the continuing success and sustainability of IRPC Public Company Limited in the years to come. 59 Message from the Chairman of the Nomination and Remuneration Committee IRPC PUBLIC COMPANY LIMITED
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