The PTT's Nominating Committee has functions, responsibilites and accountability to the Board as follows;
- Define the methods and criteria for directors' nomination for transparency.
- Select director nominees to fill vacancies (due to resignation or term completion) for the Board’s or the shareholders’ meeting’s consideration and appointment regarding to the composition of the Board, expertise, competencies, and experience that would be useful to PTT in compliance with PTT’s Board Skill Matrix and the Director’s Pool of Ministry of Finance and IOD. Equally important, nominees must have no conflicts of interest
with PTT. The qualifications of desirable directors must prove compatible with PTT’s business strategies.
- Propose directos for committee duties with due regard for the compositions of the committees in question, qualifications, expertise, and competencies. Then these names are to be tabled for the Board’s appointment. An exception is for the committee itself, appointed by the Board.
- By its mandate, be accountable to the Board directly while the Board is accountable to all stakeholders.
- Assess its own performance and report the findings to the Board for acknowledgment and disclose them in the annual report.
- Disclose its own performance in the annual report.
- Hold at least two meetings a year.
- Perform other Board-assigned tasks.
The recruitment procedures for directors are as follows:
- The committee defines qualifications needed for a replacement to ensure that the new directors meet the criteria and qualifications as required by related laws and regulations, align with PTT’s operations. It defines procedures for nominating qualified candidates.
- The committee summarizes its recruitment results and presents to the Board a shortlist of qualified candidates along with supporting rationale.
- The Board appoints the qualified candidates form the list prepared by the committee and submits their names to the shareholders' meeting for approval.
Board skills matrix