Page 65 - KEX EXPRESS (THAILAND) PUBLIC COMPANY LIMITED : ANNUAL REPORT 2024

KEX EXPRESS (THAILAND) PUBLIC COMPANY LIMITED 65

compile and present the evaluation criteria and results evaluation will be jointly conducted before being
to the Nomination and Remuneration Committee for proposed to the Board of Directors for final approval.
review before submitting them to the Board of Directors
for approval and further communication to the directors. The evaluation results are considered a part of the Operational Highlights and Financial Summary
The evaluation results will be used to enhance the compensation structure per business directions. The
effectiveness of the Board of Directors, sub-committees, NRC is responsible for considering and proposing
and the Chairman. The key considerations in the the compensation structure of the CEO and senior
evaluation process include the fulfillment of shareholder executives to the Board of Directors.
Operational Highlights and Financial Summary
expectations, adherence to good corporate governance
principles, and compliance with legally mandated roles 5. Nurturing innovation and being a responsible
and responsibilities. business
The Board of Directors is responsible for determining

As for the overseeing the subsidiaries and the joint the annual budget, which covers elements on research

venture companies, the Board of Directors has and development, investment in technology and Key Milestones
established the investment and management policy in innovation, and the number of staff to serve business
the subsidiaries and the joint venture companies, expansion. The Board of Directors also ensures the

Key Milestones
according to the rules set forth by the Notification of creation and promotion of an innovation culture among
Capital Market Supervisory Board No. Tor. Chor. the staff.
28/2551 Re: Application for and Approval of Offer for
Sale of Newly Issued Shares and the CG Code. The Investing in technologies and innovations might involve Business Overview

details are in the Governance of Subsidiaries and cybersecurity and information security risks. The Board
Associates section under the Business overview. of Directors has established specific policies and
Business Overview
guidelines to prevent those risks and protect our staff’s
4. Ensuring the succession plan and proficiency of and customers’ personal data. This is included in the
the senior executives, and people management Information Classification Policy, the Acceptable Use
In selecting the CEO and the senior executives, the NRC Policy, the Access Control Policy, and the Personal Data
plays a key role in setting qualifications and criteria for Protection Policy. The main principles of those policies
nomination and the succession plan. The CEO must are legal compliance; an investment in cybersecurity
inform the NRC and the Board of Directors annually systems and standards to keep all important data
about the updated succession plan. At the same time, confidential and to build integrity and availability of Governance Structure and Practices
the criteria are reviewed and adjusted based on business information; an identification of cybersecurity and
situations and directions in the short and long term. information security risks and preventive or mitigation
actions; the establishment of data classification
The qualifications of the CEO and the senior executives guidelines by considering any impact on business
Governance Structure and Practices
are defined based on good corporate governance policy, strategy and operation, urgency, budget, information
leadership principles, and business competency. They technology staff; and the business model. KEX has
are also checked against any applicable blacklists. assigned the Risk Management team to take care of risk
management and regularly communicate this to all staff.
For the performance evaluation of the CEO and the Financial Performance
senior executives, the NRC, together with the CEO and 6. Strengthening effective risk management and
the senior executives, defines and designs the criteria internal control
Financial Performance
based on the business strategies, good corporate The Board of Directors has assigned the Audit Committee

governance practices, the expectations of the and the Risk Management Committee to oversee risk

shareholders and the key stakeholders, including management and internal control. These committees

financial and non-financial performances, such as report their oversight and audit findings to the Board of

volume growth, cost reduction and service level, the Directors after first informing the Audit Committee and
achievement of the six business strategies, employee the Risk Management Committee.
engagement, and leadership roles. The performance Sustainable Development

Sustainable Development