Compensation Compensation of the President and Chief Executive Officer The Nomination and Remuneration Committee determines the President and CEO’s compensation based on welldefined, transparent, fair, and reasonable criteria, taking the role’s duties, responsibilities, and performance review as well as IRPC’s operating results into consideration. The proposal for the compensation of the President and CEO is then submitted to and approved by the Board. Determination of compensation of the President and CEO follows the procedural steps that correspond with the performance appraisal as follows: 1. The Nomination and Remuneration Committee proposes the compensation components and criteria to the Board for consideration at the beginning of the year. 2. The Board approves the proposal and notifies the President and CEO of the performance review criteria. 3. The Nomination and Remuneration Committee conducts performance appraisal of the President and CEO based on the established criteria throughout the year. The committee takes into account key components of the overall per formance, such as problem-solving ski l ls, communication in crisis situations, community relations, environmental stewardship, response to corporate governance issues, and corporate image management, etc., within the context of the company’s business outlook and the challenges it faces. 4. The Nomination and Remuneration Committee presents the results of the President and CEO’s performance review, along with the proposed annual compensation adjustments, to the Board for approval in December. Management Compensation IRPC annually evaluates the performance of executive officers at all levels. Its Performance Management System (PMS) consists of three components: 1. Key Performance Indicators (KPIs) 2. Competency; and 3. Desired Behavior In 2021, there were six senior executive officers, according to the SEC’s definition, including one senior executive who resigned during the year. They received a combined total of Baht 41.97 million in monthly salaries, bonuses, and provident fund contributions as follows: In 2021, five executive officers received compensation from serving as directors of IRPC A&L Company Limited (a subsidiary), totaling Baht 1.93 million. Compensation Components 2018 (18) 2019 (7) 2020 (7) 2021 (6) Cash Salary 81.45 40.05 33.59 30.85 Bonus 39.05 12.87 15.3 6.70 Others Provident Fund Contribution 7.53 3.31 4.66 4.42 Total 128.03 56.23 53.55 41.97 (Unit: Million Baht) 239 Corporate Governance Structure and Important Information about the Board of Directors, Sub-committees, Executives, Employees and Others IRPC PUBLIC COMPANY LIMITED
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