Page 56 - KEX EXPRESS (THAILAND) PUBLIC COMPANY LIMITED : ANNUAL REPORT 2024

56 ONE REPORT (FORM 56-1) 2024

Report of the Nomination and Remuneration

Committee

To Shareholders
KEX Express (Thailand) Public Company Limited has established a Nomination and Remuneration Committee
(NRC) consisting of four non-executive directors. The committee held four meetings during the year, with the
names and attendance detailed below.
Operational Highlights and Financial Summary
Operational Highlights and Financial Summary
Member of the NRC Position Attendance / Total meetings

1. Ms. Xin Wang* Chairman 2/2
2. Mr. Prasan Chuaphanich Member 4/4
3. Ms. Yeo Hwee Leng Eileen Member 4/4
4. Ms. Bee Ti Ooi* Member 2/2
5. Mr. Kledchai Benjaathonsirikul** Member 2/2
Key Milestones
Key Milestones
Remarks: * Ms. Xin Wang and Ms. Bee Ti Ooi were appointed as Chairman and Member of the Nomination and Remuneration Committee during the
Board of Directors meeting on May 10 , 2024.
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** Mr. Kledchai Benjaathonsirikul resigned from member of Nomination and Remuneration Committee on May 10 , 2024.
The Nomination and Remuneration Committee has for approval. Additionally, the Nomination and
carried out its duties as assigned by the Board of Remuneration Committee conducts performance
Business Overview
Business Overview
Directors and as outlined in its charter. Its responsibilities evaluations of the Board of Directors, individual
include identifying and proposing qualified candidates directors, and sub-committees to review their
for nomination to the Board of Directors and committees duties and responsibilities. This process aims to
appointed by the Board. Additionally, the committee enhance their performance and improve overall
oversees the selection of senior executives at the N-2 effectiveness.
level and above and determines their remuneration, • Considered the nomination and appointment of
along with that of the company’s directors, for submission the Chief Executive Officer (CEO) to fill a vacancy
to the Board of Directors for approval. due to resignation.

• Reviewed the nomination of directors to The Nomination and Remuneration Committee
replace those retiring by rotation in 2024 and considered the qualifications of the candidates
selected qualified candidates to fill vacancies due nominated for the Chief Executive Officer position.
to resignations. The CEO will be responsible for setting the overall
Governance Structure and Practices
Governance Structure and Practices
The Nomination and Remuneration Committee strategic direction, overseeing all operations, leading
reviewed the criteria and potential directors for the executive team, and ensuring efficient delivery
election as directors to replace those retiring by services to meet customer needs. The Committee
rotation and those who resigned in 2024, in then proposed that the Board of Directors’ meeting
accordance with the skill matrix and the criteria set consider approving this nomination.
forth in the Director Nomination Policy.
• Reviewed the criteria for considering and
determining directors’ remuneration for 2024.
Financial Performance
Financial Performance
The Nomination and Remuneration Committee
reviewed the directors’ remuneration and budget for
2024, including retainer fees and allowances for
the Board of Directors and sub-committees. The On behalf of the Nomination and
proposed remuneration was submitted to the Board Remuneration Committee
of Directors and the shareholders’ meeting Ms. Xin Wang

Sustainable Development
Sustainable Development