Page 107 - PSTC - One Report 2023 (EN)

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Power Solution Technologies Public Company Limited
The approval authority other than the abovementioned shall be in accordance with the scope of approval authority and level of authorization approved in the Board of Directors’ Meeting No. 3/2023 and amended. The approval for operations as well as the assignments from the CEO to representatives or any persons assigned for transactions as mentioned above must not have the characteristics of transactions that allow the CEO or representatives or those persons assigned by the CEO to approve the transactions of which himself or the individuals may have conflicts, stakeholding, or any conflicts of interest with the Company or its subsidiaries. The approval for such transactions must be presented to the Board of Directors’ meeting and/or the shareholders’ meeting for consideration and approval. Also, there must be a review for such transactions by the Audit Committee according to the Company’s regulations and as specified by the SEC Office and/or the Stock Exchange of Thailand.
7.4.2 Remuneration Policy for Executive Directors and Officers
The Company has established a fair and reasonable remuneration policy for directors by considering suitability and consistency with performance, scope of responsibilities of directors and the company’s financial position, including the practices of other companies of similar size in the same industry. The remuneration is defined as meeting allowances and gratuities, and the remuneration of directors has been approved by the shareholders’ meeting as follows:
In 2022, the total remuneration of directors did not exceed 3,000,000.00 baht. The remuneration of directors consisted of the following:
1) Monetary Remuneration
1.1 Remuneration of the Board of Directors and Audit Committee
The 2023 Annual General Meeting of Shareholders held on 25 April 2023 passed a resolution to approve the setting of remuneration in the form of meeting allowances and gratuities of the Board of Directors and the Audit Committee for 2023. The details are as follows:
Board of Directors and Audit Committee Meeting Allowance
Chairman’s Meeting Allowance
Board of Directors’ Meeting Allowance Chairman’s Meeting Allowance
Audit Committee Meeting Allowance Chairman’s Meeting Allowance
Audit Committee Meeting Allowance Chairman’s Meeting Allowance
Audit Committee Meeting Allowance
25,000 baht/time
20,000 baht/time 25,000 baht/time
20,000 baht/time -
-
25,000 baht/time
20,000 baht/time 25,000 baht/time
20,000 baht/time 15,000 baht/time
10,000 baht/time
15,000 baht/time
10,000 baht/time
List of Board Members
Amount of Remuneration 2022
Amount of Remuneration 2023
Board of Directors
Audit Committee
Nomination and Remuneration Committee
Risk Management Committee