Page 115 - Amata-one-report2020-en

BUSINESS OPERATION AND OPERATING RESULTS CORPORATE GOVERNANCE FINANCIAL STATEMENTS ENCLOSURES

(4) Disclose in detail AMATA’s nomination policies and procedures in the Company’s Annual Report;

(5) Formulate a succession plan to enable AMATA’s business continuity by ensuring the availability of successors
that will provide for a smooth and appropriate transition of the AMATA’s Chief Executive Officer (CEO)
and other high level management personnel for approval by AMATA’s Board.

(6) Nominate, select, propose a legalqualified person to be the company secretary.

Remuneration

(1) Setting remuneration policies and rates together with providing benefits and other rewards package scales
for AMATA’s Directors and CEO by applying explicit and transparent principles and criteria for presentation
to AMATA’s Board of Directors’ approval and/or for approval from the Shareholders Meeting if needed
to on a case by case basis;

(2) Make certain that AMATA’s Directors and CEO are duly compensated in accordance with merits of their duties
and responsibilities;

(3) Determine practical guidelines and criteria for the performance assessment of AMATA’s Directors and CEO
as a basis in deciding their annual remuneration;

(4) Disclose in detail AMATA’s remuneration policies and the various types of compensations awarded together
with a report on the criteria used in determining Directors and managements remunerations which should
at least state details of the objectives, achievements and opinion of the Nomination and Remuneration
Committee in the Company’s Annual Report;

(5) Propose appropriate remuneration package for AMATA’s Board of Directors and Committees/Sub-Committees
to AMATA’s Board for endorsement before submitting it to the Shareholders’ Meeting for approval;

(6) Review management’s suggested remuneration policy, proposal on compensation, benefits and bonuses
of AMATA’s staff and employees excluding their wages and salaries then make a recommendation before
submitting it to AMATA’s Board for approval;

(7) Review the Chief Executive Officer’s set target and its operating criteria and submit it to AMATA’s Board of
Directors for approval;

(8) Recommend remuneration and appropriate benefits for the Chief Executive Officer to AMATA’s Board
for consideration and final approval.

3. The term for the Nomination & Remuneration Committee

3 years

Amata Corporation Public Company Limited 115