The PTT's Nominating Committee has functions, responsibilities and accountability to the Board as follows;
1.To determine procedures and criteria for nomination of PTT’s directors to ensure transparency.
2.To nominate qualified candidates for being appointed as PTT’s directors to replace the resigning directors and/or retiring directors by rotation. The Nominating Committee then proposes the list of the qualified candidates to the Board and the shareholder meeting for approval and formal designation.The nomination shall be taken into account of the board’s composition, knowledge, expertise, competencies, useful experiences to PTT’s businesses, and possess no conflict of interest to PTT. In addition, the nomination shall be in line with PTT’s business strategies.
3.To appoint the suitably qualified directors to perform duty as Sub-Committee, taking into account the compositions of committees in question, suitability, qualifications, knowledge, and competencies. Then, purpose the list to the Board for approval, except for the Nominating Committee which is being appointed directly by the Board.
4.To possess direct responsibility to the Board through their specific areas. The Board is ultimately responsible for PTT’s business matters to all its stakeholders.
5.Appraisal performance of the Nominating Committee and report to the Board of Directors in order to disclose in the Annual Report.
6.To report the outcome of the performance of the Nominating Committee in the Annual Report
7.To perform other Board-assigned tasks.
The procedures and criteria for nomination of directors are as follow;
1.The Committee determines the qualifications of the new directors to ensure that they meet the criteria and qualifications as stipulated in the related laws/regulations. The Committee also establishes the procedures for nominating qualified candidates.
2.The Committee summarizes the results of the nomination process and presents a shortlist of
qualified candidates for directorship along with supporting reasons to the board.
3.The Board selects the candidates with appropriate qualifications from the list prepared by the Committee and submits the names of the selected candidate(s) to the shareholders’ meeting for approval.