Management Compensation

[GRI 2-19 (2021)]

Remuneration for senior management is determined by the Board of Directors. EGCO Group’s management received remuneration as monthly salary and annual bonus based on the results of EGCO Group’s key performance indicators.

The remuneration is also based upon individual achievement as indicated by key financial performance indicators (e.g. return on assets (ROA), return on equity (ROE), return on invested capital (ROIC), and cost of debt) and non-financial performance indicators as approved by the Board (e.g. present value of the project, new projects approved by the Investment Committee, the increase of power generating capacity, renewable energy power generation, innovation projects, and the score of annual corporate governance assessment of Thai listed companies). In addition, EGCO Group has conducted performance survey based on key financial performance indicators and compare the President’s remuneration to ensure that the remuneration structure of EGCO Group is suitable for their works and comparable to the peer companies.