The components of the Board of Directors of the Company
as of the 31 December 2025 There are a total of 6 directors are as follows:
- Five Non-Executive Directors (83%), namely: (1) Mr. Chartchai Panichewa (2) Mrs. Somhatai Panichewa (3) Mrs. Supaporn Burapakusolsri (4) Mrs. Chaiyut Techatassanasoontorn (5) Mr. Phinij Harnphanich
- One Executive Director (17%), namely: Mr. Boon Choon Kiat
- Three independent directors, (50%) namely: (1) Mrs. Supaporn Burapakusolsri (2) Mr. Chaiyut Techatassanasoontorn (3) Mr. Phinij Harnphanich
The company's board diversity policy for the year 2025 is as follows :
| Goals | KPIs | Results |
|---|---|---|
| Number of independent directors | At least one-third of the total board of directors. | 3 persons (50%) |
| Directors with knowledge of the company’s business | At least 2 persons | 4 persons (67%) |
| Directors with accounting knowledge | At least 1 person | 1 person (17%) |
| Number of female directors | At least 1 person | 2 persons (33%) |
Diversity in skills, experience, knowledge, and expertise that are beneficial to the company. (Board Skill Matrix)
- In real estate 4 persons
- In law 1 person
- In accounting/finance 2 persons
- In business management 5 persons
Recruitment, Appointment, and Election of Directors
The Nomination and Remuneration Committee is responsible for identifying and nominating qualified individuals for appointment as directors and executive leadership positions. The Committee seeks candidates who possess appropriate qualifications, professional experience, expertise, leadership, broad vision, integrity, ethical standards, a transparent work history, and the ability to express independent opinions.
The Nomination and Remuneration Committee jointly considers and proposes suitable candidates, including individuals nominated by shareholders through the Company's shareholder nomination process. The proposed candidates are first submitted to the Board of Directors for consideration and approval before being presented to the Shareholders' Meeting for appointment or election. In the event that a director's position becomes vacant other than by rotation, the Nomination and Remuneration Committee is responsible for identifying and nominating a qualified replacement for the Board's consideration.
In addition to the qualifications mentioned above, the Company also considers various criteria in the director nomination process, including the use of professional search firms or director pools, the diversity of the current Board composition, the nomination and selection procedures, the process for submitting candidates to the Board of Directors and/or shareholders for approval on a case-by-case basis, as well as the Company's policy of allowing minority shareholders to nominate director candidates.
Furthermore, in the nomination of directors, including the Managing Director, the Board places significant emphasis on assessing the existing competencies of the current Board and identifying the skills required to support the Company's strategic direction. This assessment is conducted through a **Board Skill Matrix**, which serves as a framework for identifying and recruiting directors with the most appropriate qualifications.
The Board's composition is designed to ensure that directors collectively possess the knowledge, expertise, and competencies necessary for effective governance. The **Board Skill Matrix** functions as a checklist to evaluate whether the Board currently has a comprehensive range of required skills. It also enables the Company to clearly identify competency gaps when recruiting new directors or successors and serves as a basis for developing training and professional development plans for directors to strengthen the Board's overall effectiveness.