Page 119 - PSTC - One Report 2023 (EN)

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Power Solution Technologies Public Company Limited
(1) Resignation
(2) Disqualification from serving as an Audit Committee member in accordance with this charter or in
accordance with the rules of the Stock Exchange of Thailand. (3) BoardofDirectorsresolutionforreleasefromtheposition.
Any member of the Audit Committee who intends to resign from his position is required to submit his/her resignation letter to the Chairman of the Board of Directors and the Board of Directors will be the party to grant approval
In the event that the entire Audit Committee is released from office. The Audit Committee to be released from office will remain in office to continue its work until a new Audit Committee takes over.
In the event that the position of the Audit Director is terminated for reasons other than expiration of term, the Board of Directors will appoint a qualified person to replace the Audit Committee member within 90 days in order for the Audit Committee to have the full number of directors as determined by the Board of Directors.
In this regard, the Company shall promptly notify the Securities and Exchange Commission of the resignation from the position of the aforementioned Audit Committee member, along with the reasons for such.
Preparation of Succession Plan
The Board of Directors will take steps to ensure that the chief executive officer and senior executives recruited and developed possess the knowledge, skills, experience and attributes needed to drive the organization toward its goals. The details are as follows:
The Nomination and Remuneration Committee considers the criteria and procedures for recruiting qualified persons to hold the position of Chief Executive Officer.
The Board of Directors monitors the Chief Executive Officer to ensure that appropriate senior executives are in place.
In order to ensure the continuity of business operations, the Nomination and Remuneration Committee will consider and provide a succession plan to prepare for the succession of the Chief Executive Officer.
The Board of Directors promotes and supports the chief executive officer and senior executives to be trained and developed to enhance knowledge and experience that is beneficial to their work performance.
Director Diversity Policy
1) The Board of Directors consists of directors with a wide range of qualifications, experience, abilities and specific characteristics, as well as gender and age, all of which is necessary to achieve the objectives and goals of the organization in order to ensure that the Board of Directors is qualified as a whole and that there is at least one non-executive director with experience in the business or the main industries in which the Company operates to properly reflect counterbalanced powers.
2) Most of the directors are non-executive directors who can independently comment on the work of the management. Furthermore, the independent directors have the number and qualifications in accordance with the rules of the Securities and Exchange Commission and the Stock Exchange of Thailand. In this regard, independent directors are supervised to work effectively with the entire Board of Directors and express their opinions freely.