Management and Management-Level Committees At IRPC Public Company Limited, the highest-ranking person is the President and Chief Executive Officer. The President and CEO oversees the management of all IRPC’s operations under the guidance of the Board of Directors. He acts in the best interest of the company and shareholders. The President and CEO reports any material change in the management structure to the Board for review and approval. In 2021, IRPC implemented the New Organization with Agile Human (NOAH) initiative to restructure the organization in line with business needs, with emphasis on effective cost management to achieve lower and competitive costs as well as a lean workforce structure suitable for IRPC’s mission. Under this management strategy, IRPC introduced a program to Upskill/Reskill across all employee levels, improvement in performance assessment and incentive reward programs, such as performance rating linked to annual salary adjustments and variable bonuses, along with Employee Joint Investment Program (EJIP), and recruitment drives to attract talents to join IRPC. NOAH consists of five modules: Module A, Module B, Module C, Module D and Module E. Progress status of the project was at 82 per cent, according to the action plan. The President and Chief Executive Officer Mr. Chawalit Tippawanich has served as President and Chief Executive Officer from December 1, 2020. Duties and Responsibilities 1. Ensure that the company operates in compliance with the law, its objectives and Articles of Association, Board’s policies, and shareholder resolutions. 2. Take charge of the management staff, employees, and personnel, including matters relating to hiring, appointments, work regulations, salary scales, wages, welfare benefits, transfers, removals, dismissals, reshuffles, pay adjustments, promotions, disciplinary actions under the Board’s policy framework. 3. Implement policies, strategic plan, business plan in accordance with IRPC’s vision and mission under the operational framework approved by the Board of Directors, with efficiency and in the company’s best interest. 4. Approve investment budgets, procurements, operating expenses under the business plan and within the annual budget approved by the Board. 5. Manage cashflows, investment projects, budgets, and risk management plans and procedures under the guidelines and within the scope of authority granted by the Board. 6. Review IRPC’s operating results and consider proposing interim or annual dividend payment (if any), which must be approved by the Board or the shareholders’ meeting. 7. Evaluate the company’s performance and report progress status of the implementation of the business plan to the Board on a quarterly basis. 8. Lead by example with integrity and compliance with code of ethics and business conduct. 9. Provide leadership and serve as a role model to encourage and motivate employees to adopt the IRPC corporate culture and develop positive mindset. The President shall also be a good communicator to inspire confidence and enhance the corporate image, with emphasis on environmental stewardship, social responsibility and community development as well as work safety and occupational health for the company’s employees. 10 Implement IRPC’s anti-corruption and anti-bribery guidelines 11. Ascertain that IRPC stays committed to achieving the UN Sustainable Development Goals (SDGs) and Good Global Corporate Citizenship. 12. Undertake to support the company’s operations in every way within the scope of authority granted by the Board. 236 IRPC PUBLIC COMPANY LIMITED 56-1 ONE REPORT 2021
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