Page 97 - One report AUCT2024_Eng

- Nomination of Directors
The Nomination and Remuneration Committee shall nominate the candidates of directors who comply with the section 68 of Public Company Limited Act B.E. 2535 and the Securities and Exchange Commission Act or the Capital Market Commission Act relevant to the business. Other qualifications in other aspects shall also be taken into account, such as knowledge, expertise and experience relevant to the business itself and the benefits of the business.
The Nomination and Remuneration is responsible for nominating individuals qualified to be the Company’s directors and propose for an appointment to the Board of Directors to fill the vacancy for reasons other than retirement by rotation or propose to the Shareholders’ Meeting for further consideration. Shareholders of the Company also have the opportunity to nominate qualified individuals for election as directors in advance according to the rules prescribed by the Company.
In 2024, the Company opened the opportunity to the shareholders to nominate the candidate who possesses qualifications suitable to be the director during 27 November 2023 to 31 January 2024 to further propose to the 2024 Annual General Meeting of Shareholders. However, no candidate has been nominated by the shareholders at all. In addition, during the 2024 Annual General Meeting of Shareholders, the meeting resolved to re-elect Assoc. Prof. Dr. Paiboon Sareewiwatthana, Mr. Weidt Nuchjalearn, and Mr. Sarawut Charuchinda, who retire by rotation, to be the Company’s directors for another term as proposed by the Nomination and Remuneration Committee through the Board of Directors.
- Nomination of member of the Executive Director
The Board of Directors appoints the member of the Executive Director as a member of the Executive Committee and Sustainable Development Committee which is agreed by the Nomination and Remunertion Committee with selecting from directors or top executives of the Company who have capability to administrate the normal business operation and administration of the Company. They shall also be able to set up the policy, business plan, budget, administrative structure and examine and monitor the operations to be in line with the company’s policy.
- Nomination of the Executives
The Board of Directors and/or authorized persons from the Board of Directors shall consider and appoint the Executives from the staff who have experience, knowledge and expertise in relevant fields.
Director and Executive Development
The Company has a policy to encourage and support the directors and the executive to attend the seminar and training courses constantly for improvement and for better efficient operations, such as courses arranged by the Thai Institute of Directors (IOD), the Office of the Securities and Exchange
Part 2
Corporate Governance
บริษัท สหการประมูล จากัด (มหาชน)
97
Union Auction Public Company Limited