• The criteria for assessment of the Board Committees cover (1) Structure of the Board, (2) Board meeting, (3) the Board Committees’ performance of duties, (4) Relationship with management, (5) Self-development of directors, and (6) Board Committees practice of Roles and responsibilities. • The criteria for individual self-assessment consists of (1) role and responsibilities according to charter, (2) Dedication (3) Independence (4) Meeting Participation (5) Understanding of Banking Business. • The criteria for the Individual peer (cross-assessment) cover (1) role and responsibilities according to charter, (2) Dedication (3) Independence (4) Meeting Participation (5) Understanding of Banking Business. Assessment’s Process The self-assessment is undertaken as follows: 1. Assessment of the whole Board of Directors’ performance, the performance of each board committee (i.e. Board of Executive Directors, Audit Committee, NRCC, Risk Oversight Committee, Credit Committee, IT Oversight Committee) 2. Self-assessment of individual board member 3. Cross assessment NRCC shall report the result from the assessment and propose to Board of Director for acknowledgment and report result of Sub-Committee to the Chairman of Sub-Committees to review and adjust the relevant process for the efficient meeting. In 2021, the result of the assessment was rated as “Very Good”. New Director Orientation and Director Development Program The Bank provides an orientation for new directors whenever there is a change of director. Director’s manual, documents and useful information are provided to support the important information and prepare the new directors in performing his/her duty through electronic media. In this regard, the Company Secretary an Corporate Counselor shall have the following responsibilities: • To provide the Bank’s Information such as the Bank’s history, important official documents, major shareholders, vision and mission, financial statements, business structure, management structure, term of directorship, directors’ remuneration, etc. • To provide information on the regulations and best practices for directors, e.g. rules and regulations for directors of related regulatory agencies, the Bank’s policies and practices for directors, do’s and don’ts for Bank directors, director fiduciary duty checklist, directors & officers liability & corporate reimbursement insurance. • To arrange meeting with the Bank’s executives to enquire in-depth information about business operation of the Bank. Bank also inform the new regulations rule and laws for the directors acknowledgement. Currently, 3 of the existing directors had joined DCP program, 2 director joined DAP program and 5 directors joined both DCP and DAP. Furthermore, the Bank also provides internal training for directors to enhance knowledge about to the Bank’s business and director’s responsibilities. 206 TMBThanachart Bank Public Company Limited
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