Page 103 - PSTC - One Report 2023 (EN)

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Power Solution Technologies Public Company Limited
2. Consideration of compensation
2.1 Considersettingpoliciesandreviewcriteriaforremunerationasappropriateforthedutiesand
responsibilities of directors, including other benefits both monetary and non-monetary by linking the compensation to overall operating results of the Company to attract and retain directors with ability, quality, and potential. The Board of Directors shall consider and approve such before presenting to the Annual General Meeting of Shareholders for approval.
2.2 Preparetheannualperformanceevaluationandconsideradjustingthecompensationasappropriate for the Company’s top executives and propose for approval to the Board of Directors.
3. Be responsible for any other issues assigned by the Board of Directors.
7.3.2 Names of Sub-Committees
Audit Committee
As of 31 December 2023, the Audit Committee consisted of the following:
No.
Name
Position
1. Dr. Sakul Pochanart
2. Mr. Vorapong Jamjod
3. Mr.Tanadit Charoenchan
Independent Director/Chairman of Audit Committee Independent Director /Audit Committee Independent Director /Audit Committee
The Audit Committee consists of at least three independent directors with sufficient knowledge and experience to act as Audit Committee members. There must be at least one director with knowledge (Mr. Vorapong Jamjod and Mr.Tanadit Charoenchan graduated in accounting and have knowledge and experience in accounting and finance, as well as having good knowledge and understanding of the Company’s business.)
Selection of the Audit Committee Chairman: The Audit Committee will elect one Audit Committee member to serve as Chairman of the Audit Committee.
The Audit Committee appoints the head of the Company’s Internal Audit Department as the Secretary of the Audit Committee to be responsible for preparing and holding Audit Committee meetings, as well as coordinating reports to the Board of Directors, investors, shareholders and the Stock Exchange of Thailand.
The Audit Committee is responsible for the appointment of the Audit Committee’s secretary, with duties to attend meetings, but no voting rights in the Audit Committee.