The Nomination and Compensation Committee (NCC) comprises five directors. Mr. Stephen Patrick Gore joined as a new member from March 2021 as a successor of Mr. Benjamin Birks.

In 2021, albeit the ongoing challenge from COVID-19 epidemic, the NCC has continued its duties and responsibilities according to the Committee Charter with a total of six meetings conducted. With strong commitment to supervise and implement policies that aim at creating greater value for our shareholders and for the delivery of the SCCC and its Group companies’ strategic objectives, the NCC employs their expertise and experience to provide opinions and suggestions for the overall benefits of the Company.

The key activities of the NCC in 2021 are summarized below.

  1. New Recruitments of Top Executive Positions: The NCC continued to consider and select qualified talents to hold the key executive positions of the Company in accordance with the Company’s criteria and procedures at both the Group, and the country level, which included Chief Executive Officer and a Member of Group Executive Committee, Manufacturing Director and Commercial Director of Siam City Cement (Vietnam) Limited, Chief Executive Officer and Chief Financial Officer of Chip Mong INSEE Cement Corporation Limited, Chief Financial Officer of Siam City Cement (Lanka) Limited and Senior Vice President - People and Organizational Performance of Siam City Cement Public Company Limited.

  2. Group COVID-19 Vaccination Policy: In the face of new COVID-19 variants, the NCC particularly focuses on the health and safety of SCCC employees by supporting the implementation of the COVID-19 Vaccination Policy to ensure healthy wellbeing and safe working environment for its employees across the Group.

  3. Employee Engagement: The Committee emphasized on the importance of Group Employee Engagement, its survey implementation, and improvement initiatives including communication to build higher engagement of its employees.

  4. Talent Development: The NCC directed an acceleration of Succession Management across all Group companies and the INSEE Developing Leadership Quality Program (DLQ) to build a stronger succession pipeline of future leaders.

In conclusion, the Nomination and Compensation Committee completed its duties in ensuring the building of an effective organization driven by an entrepreneurial culture through the selection of passionate leaders to drive our Company’s performance in today’s highly competitive environment.

Paul Heinz Hugentobler
Chairman of the Nomination and Compensation Committee