Nomination and Remuneration Committee
Scope, Authority, Duties, and Responsibilities
- In the event that the Company has not yet appointed a specific Nomination and Remuneration Committee, the Board of Directors shall assume such responsibilities by considering nomination and remuneration matters as appropriate to the size and nature of the business. This is to ensure flexibility and alignment with good corporate governance principles.
- The Board of Directors shall determine the qualifications of directors in line with the Company’s business strategy, nature of business, and corporate governance principles, taking into consideration educational background, knowledge, expertise, experience, and diversity, in order to ensure the highest level of governance effectiveness.
- When a director’s position becomes vacant, the Board of Directors shall consider and select qualified candidates and propose their appointment to the shareholders’ meeting for approval.
- For senior executives, the Board of Directors shall approve the nomination process and determine appropriate remuneration in accordance with the Company’s corporate governance policy.
