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Performance Appraisal

Summary of performance appraisal of directors and top executives (CEO) (Year 2023) 

 

          TPI Polene Public Company Limited arranges for the Board of Directors, subcommittees, and top executives (CEO) of the Company to conduct self-evaluations at least once a year in order to adhere to the principles of good corporate governance. This is done by including the factors that affect the Company’s sustainability performance as part of the performance assessment indicators for the Board of Directors and executives, and concentrating on the assessment results that can be used to make improvements (CEO). The assessment form includes

  1. Performance assessment form of the Board of Directors as a whole (Assessment as a whole)
  2. Performance assessment form for the committee as a group
  3. 3. Performance assessment form of the Board of Directors individually (for the Board of Directors/Sub-Committees)
  4. 4. Performance assessment form of Chief Executive Officer (CEO)

The assessment criteria are determined by the percentage of the full score for each item as follows:

More than 90% score = Excellent

More than 80% Score = Very Good

More than 70% Score = Good

More than 60% score = Fair

Below 60% = Need Improvement

  1. Performance assessment form of the Board of Directors as a whole (Assessment as a whole)

Consists of 6 topics, namely structure and qualifications of the committee, roles, duties and responsibilities of the committee, meetings of the committee, performance of duties of directors, relationship with management, self-development of directors, and development of executives. The assessment results have an average score of 92.5% (Excellent).

  1. Performance assessment form for the committee as a group

Consists of 3 topics: structure and qualifications of directors, meetings of sub-committees, roles, duties and responsibilities of sub-committees.

 Audit Committee The assessment results have an average score of 92% (Excellent).

 Nomination and Remuneration Committee The assessment results have an average score of 90% (Very Good).

  1. 3. Performance assessment form of the Board of Directors individually (for the Board of Directors/Sub-Committees)

Consists of 3 topics: structure and qualifications of the committee/sub-committee, meetings of the committee/sub-committee, roles, duties and responsibilities of the committee/sub-committee.

The assessment results have an average score of 93% (Excellent).

  1. 4. Performance assessment form of Chief Executive Officer (CEO or equivalent)

It is an assessment that takes into account the elements that determine the Company’s sustainability performance as part of the KPI. To assess the performance of Chief Executive Officer (CEO), including financial performance (e.g. revenue, company sales, Economic Value Add (EVA), other financial performance) and environmental, social and/or governance (ESG) performance, such as employee/supplier/community satisfaction, especially with the aim of reducing greenhouse gas emissions, reducing the use of company resources, etc. These are part of the performance assessment indicators of Chief Executive Officer (CEO or equivalent) that consists of 10 topics:

  1. Leadership
  2. Strategies
  3. Strategy Implementation
  4. Financial Planning and Performance
  5. Relationship with the Board of Directors
  6. External Relations
  7. Management and Relations with Personnel
  8. Succession
  9. Knowledge of Products and Services
  10. Personal Attributes

 

The assessment results have an average score of 95% (Excellent).