Page 58 - TICON Industrial Connection Public Company Limited : : Annual Report 2014 EN

Message from the Report of the Report of the Company
Chairman Audit Committee on Risk Management Com- Financial Factory/ Social Board of Directors General Overview of Nature of
of the Board Corporate Governance mittee Highlights Warehouse Responsibilities and Management Information Business Business

10. COMPENSATION FOR DIRECTORS AND MANAGEMENT

Criteria for determination of Directors compensation

The Directors compensation has been fixed by taking into consideration the duties and
responsibilities of the Directors. Furthermore, the Companys performance and similar Directors
compensation of listed companies in the industry have been taken into account as well. The
compensation has been initially determined by the Compensation Committee, and proposed to
shareholders for approval.

10.1 Compensation in cash

In year 2014, the compensations (accrual basis) paid to Directors and Audit Committee s
members are as follows:
Unit : Baht

Meeting allowance
Directors Bonus
Board Audit Committee

Mr. Chali Sophonpanich 160,000 - 2,000,000
Mr. David Desmond Tarrant 60,000 40,000 1,719,000
Mr. Jirapongs Vinichbutr 80,000 - 1,610,000
Mr. Chai Vinichbutr 60,000 - 1,610,000
Mr. Wei Cheng Kuan - - -
Mrs. Yupadee Kuan 50,000 - 1,652,000
Mr. Virapan Pulges 80,000 - 1,652,000
Mr. Threekwan Bunnag 80,000 40,000 1,295,000
Mr. Chatchaval Jiaravanon 80,000 40,000 692,000
Total 650,000 120,000 12,230,000

During the same period, the compensations (accrual basis) paid to the Company s
Management are as follows:

Amount (Baht)

Salary 32,188,520
Bonus 9,072,250
Provident Fund 1,171,393

Total 42,432,163

10.2 Other compensations

In 2014, no other compensation was paid to Directors and Management.

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Annual Report 2014