No Corporate Gifts and Snack Boxes
To prevent the risk of COVID-19 transmission,no corporate gifts and snack boxes will be provided at the Meeting, neither food nor tea or coffee will be served at the Meeting area.
Prevention of COVID-19
Given our concerns regarding the outbreak of COVID-19 virus,
KBank has established preventive measures including the installation of thermoscan camera for temperature measurement in accordance with public health standards.
If your body temperature measures 37.5 degrees Celsius or higher, we reserve the right to permit entry to the building.
Owing to the outbreak of COVID-19 virus, the Securities and Exchange Commission encourage shareholders to appoint independent directors as their proxy, instead of attending in persons, shareholders may consider appointing any of the Bank’s directors listed in the Proxy Form (Annex 6).
(Translation)
Notice of the General Meeting
of Shareholders No. 109
Index of Attachment to the Notice of the General Meeting of Shareholders
pages Annex 1 Annual Registration Statement and Annual Report 2020 (Form 56-1 One Report) Attached
in QR Code and Summary of the Financial Information
Annex 2 Name List and Biography of Directors to be Elected as Directors to Replace 6 - 13 Those Retiring by Rotation, and Definition of Independent Director
Annex 3 Name List and Biography of a Candidate Nominated for Election as a New Director 14 - 15
Annex 4 Information on Remuneration of Directors 16
Annex 5 Name List of Auditors, Audit Fees and List of the Bank’s Subsidiary 17 - 18 Companies Retaining the Same Auditor
Annex 6 Proxy Form Attached
Annex 7 Identification Documents Required for Meeting Attendance, 19 - 21
Registration Process, Voting Process and Vote Counting Procedures
Annex 8 Articles of Association of the Bank relating to the General Meeting of Shareholders 22 - 23 Annex 9 Measures on Arrangement of the General Meeting of Shareholders 2021 under COVID-19 Outbreak 24
Annex 10 Map of Venue of the General Meeting of Shareholders 25
Ref. OS.016/2021
March 11, 2021 To: The Shareholders
Re: Notice of the General Meeting of Shareholders No. 109
There shall be the General Meeting of Shareholders of KASIKORNBANK PUBLIC COMPANY LIMITED No. 109 at Samanachan Hall, 3rdFloor, Head Office Building, 1 Soi Rat Burana 27/1, Rat Burana Road, Rat Burana Sub-District, Rat Burana District,
Bangkok, on Friday, April 9, 2021 at 14.00 hours to consider the following agenda items: 1. To acknowledge the Board of Directors’ Report of Year 2020 0perations
Objective and Reason: The Report of year 2020 operations, as required by Article 28 of the Bank’s Articles of Association, is shown in the Form 56-1 One Report 2020 and the Summary of the Financial Information per Annex 1. Board of Directors’ Opinion: It is considered appropriate to report the operations of year 2020 to the meeting of shareholders for acknowledgment.
Required Votes for Resolution: This agenda item does not require voting as it is to inform the meeting for acknowledgment. 2. To consider approving the Financial Statements for the year ended December 31, 2020
Objective and Reason: The Board of Directors shall arrange for preparation of the Financial Statements as of the end of the accounting period of the Bank, and shall submit the same to the shareholders at the General Meeting to consider approving the Financial Statements. The Financial Statements for the year ended December 31, 2020, as shown in the Form 56-1 One Report 2020 and the Summary of the Financial Information, have been considered by the Audit Committee and audited by the Certified Public Accountant. Details are shown in the Form 56-1 One Report 2020 and the Summary of the Financial Information per Annex 1.
Board of Directors’ Opinion: It is considered appropriate for the meeting of shareholders to approve the Financial Statements for the year ended December 31, 2020, which have been considered by the Audit Committee and audited by the Certified Public Accountant.
Required Votes for Resolution: The resolution for this agenda item requires the majority votes of shareholders who attend the meeting and cast their votes.
3. To consider approving the appropriation of profit from 2020 operating results and dividend payment
Objective and Reason: The Bank recorded a net profit of Baht 24,964,923,869.08 in 2020, and had no accumulated loss. As a result, the Bank may consider paying out dividend to the shareholders pursuant to Section 115 of the Public Limited Companies Act B.E. 2535, and Article 32 of the Bank’s Articles of Association, which state that no dividend shall be paid out of any money, other than profits. Dividend shall be paid equally, according to the number of shares. In addition, under Section 116 of the Public Limited Companies Act, the Bank shall allocate not less than 5 percent of the annual profits as reserved funds, less the accumulated losses brought forward (if any), until the reserved fund reaches the amount not less than 10 percent of the registered capital. In 2020, the Bank did not appropriate its net profit as legal reserve because the Bank’s legal reserve has reached the amount required by laws.
According to the dividend payment policy, the Bank will take into consideration its operating results as well as long-term returns to the shareholders. The Board of Directors deemed that the proposed rate of dividend is appropriate for its remaining strong capital funds to accommodate continuous growth and business expansion.
Index of Attachment to the Notice of the General Meeting of Shareholders
pages Annex 1 Annual Registration Statement and Annual Report 2020 (Form 56-1 One Report) Attached
in QR Code and Summary of the Financial Information
Annex 2 Name List and Biography of Directors to be Elected as Directors to Replace 6 - 13 Those Retiring by Rotation, and Definition of Independent Director
Annex 3 Name List and Biography of a Candidate Nominated for Election as a New Director 14 - 15
Annex 4 Information on Remuneration of Directors 16
Annex 5 Name List of Auditors, Audit Fees and List of the Bank’s Subsidiary 17 - 18 Companies Retaining the Same Auditor
Annex 6 Proxy Form Attached
Annex 7 Identification Documents Required for Meeting Attendance, 19 - 21
Registration Process, Voting Process and Vote Counting Procedures
Annex 8 Articles of Association of the Bank relating to the General Meeting of Shareholders 22 - 23 Annex 9 Measures on Arrangement of the General Meeting of Shareholders 2021 under COVID-19 Outbreak 24
Annex 10 Map of Venue of the General Meeting of Shareholders 25
Ref. OS.016/2021
March 11, 2021 To: The Shareholders
Re: Notice of the General Meeting of Shareholders No. 109
There shall be the General Meeting of Shareholders of KASIKORNBANK PUBLIC COMPANY LIMITED No. 109 at Samanachan Hall, 3rd Floor, Head Office Building, 1 Soi Rat Burana 27/1, Rat Burana Road, Rat Burana Sub-District, Rat Burana District,
Bangkok, on Friday, April 9, 2021 at 14.00 hours to consider the following agenda items: 1. To acknowledge the Board of Directors’ Report of Year 2020 0perations
Objective and Reason: The Report of year 2020 operations, as required by Article 28 of the Bank’s Articles of Association, is shown in the Form 56-1 One Report 2020 and the Summary of the Financial Information per Annex 1. Board of Directors’ Opinion: It is considered appropriate to report the operations of year 2020 to the meeting of shareholders for acknowledgment.
Required Votes for Resolution: This agenda item does not require voting as it is to inform the meeting for acknowledgment. 2. To consider approving the Financial Statements for the year ended December 31, 2020
Objective and Reason: The Board of Directors shall arrange for preparation of the Financial Statements as of the end of the accounting period of the Bank, and shall submit the same to the shareholders at the General Meeting to consider approving the Financial Statements. The Financial Statements for the year ended December 31, 2020, as shown in the Form 56-1 One Report 2020 and the Summary of the Financial Information, have been considered by the Audit Committee and audited by the Certified Public Accountant. Details are shown in the Form 56-1 One Report 2020 and the Summary of the Financial Information per Annex 1.
Board of Directors’ Opinion: It is considered appropriate for the meeting of shareholders to approve the Financial Statements for the year ended December 31, 2020, which have been considered by the Audit Committee and audited by the Certified Public Accountant.
Required Votes for Resolution: The resolution for this agenda item requires the majority votes of shareholders who attend the meeting and cast their votes.
3. To consider approving the appropriation of profit from 2020 operating results and dividend payment
Objective and Reason: The Bank recorded a net profit of Baht 24,964,923,869.08 in 2020, and had no accumulated loss. As a result, the Bank may consider paying out dividend to the shareholders pursuant to Section 115 of the Public Limited Companies Act B.E. 2535, and Article 32 of the Bank’s Articles of Association, which state that no dividend shall be paid out of any money, other than profits. Dividend shall be paid equally, according to the number of shares. In addition, under Section 116 of the Public Limited Companies Act, the Bank shall allocate not less than 5 percent of the annual profits as reserved funds, less the accumulated losses brought forward (if any), until the reserved fund reaches the amount not less than 10 percent of the registered capital. In 2020, the Bank did not appropriate its net profit as legal reserve because the Bank’s legal reserve has reached the amount required by laws.
According to the dividend payment policy, the Bank will take into consideration its operating results as well as long-term returns to the shareholders. The Board of Directors deemed that the proposed rate of dividend is appropriate for its remaining strong capital funds to accommodate continuous growth and business expansion.
-2-Board of Directors’ Opinion: It is considered appropriate for the meeting of shareholders to approve the appropriation of profit from 2020 operating results and dividend payment as follows:
•No legal reserve appropriation because the Bank’s legal reserve has reached the amount required by laws. •Dividend payment from 2020 operating results to ordinary shareholders at the rate of Baht 2.50 per share,
from total shares 2,369,327,593 amounting to Baht 5,923,318,982.50 to the shareholders, which was 23.73 percent of the 2020 net profit. The record date will be set on April 21, 2021 to determine the list of shareholders entitled to receive dividend. The dividend payment shall be made on May 7, 2021. The dividend payment will be derived from retained earnings, which are subject to corporate income tax of 30 percent in the amount of Baht 1.8768 per share, 25 percent in the amount of Baht 0.0648 per share and 23 percent in the amount of Baht 0.5584 per share. Therefore, an individual shareholder may apply for tax credit on dividend at the rate of 30/70, 25/75 and 23/77, respectively, of the dividend amount received.
The Board of Directors deemed the above payout ratio as appropriate, being in line with the Bank’s dividend payment policy. When compared with last year, the Bank recorded a net profit for 2019 of Baht 34,445,653,231.29 and received approval from the General Meeting of Shareholders to pay out dividend at the rate of Baht 5.00 per share from total shares of 2,393,260,193 comprising interim dividend payment at the rate of Baht 0.50 per share amounting to Baht 1,196,630,096.50 and remaining dividend at the rate of Baht 4.50 per share from total shares of 2,369,327,593 amounting to Baht 10,661,974,168.50, making the total dividend payment of Baht 11,858,604,265.00 which was 34.43 percent of the 2019 net profit.
Required Votes for Resolution: The resolution for this agenda item requires the majority votes of shareholders who attend the meeting and cast their votes.
4. To consider the election of directors to replace those retiring by rotation
Objective and Reason: According to Article 10 ter of the Bank’s Articles of Association, one - third of the directors must retire from office at the General Meeting of Shareholders. The directors who have to retire by rotation this year are:
Ms. Kobkarn Wattanavrangkul Independent Director
Ms. Sujitpan Lamsam Non-Executive Director
Mr. Pipit Aneaknithi Executive Director
Dr. Pipatpong Poshyanonda Executive Director
Dr. Abhijai Chandrasen Non-Executive Director
Mr. Wiboon Khusakul Independent Director
The Bank allowed shareholders to nominate qualified candidates having no prohibited characteristics for election as the Bank’s directors under the nomination procedure as disclosed on the Bank’s website, but there was no nomination submitted to the Bank. The Human Resources and Remuneration Committee, exclusive of the nominated director, having thoroughly considered the directors’ qualifications and suitability for banking business, according to the nomination process and their performance results, recommended that these five directors, namely Ms. Kobkarn Wattanavrangkul, Ms. Sujitpan Lamsam, Mr. Pipit Aneaknithi, Dr. Pipatpong Poshyanonda and Mr. Wiboon Khusakul, be re-elected as the Bank’s directors for another term. As for Dr. Abhijai Chandrasen, Director and Legal Adviser, who is due to retire by rotation, he has expressed his intent not to be nominated for re-election as a director for another term, in order to comply with the Board of Directors Charter, governing the age limit of directors. Previous working experiences and biography of each director nominated for re-election at the General Meeting of Shareholders and definition of Independent Director are as shown in Annex 2.
-3-Board of Directors’ Opinion: The -3-Board of Directors, exclusive of the nominated directors, prudently screened and concurred with the proposal of the Human Resources and Remuneration Committee, and considered it appropriate for the meeting of shareholders to re-elect Ms. Kobkarn Wattanavrangkul, Ms. Sujitpan Lamsam, Mr. Pipit Aneaknithi, Dr. Pipatpong Poshyanonda and Mr. Wiboon Khusakul, who are due to retire by rotation, as the Bank’s directors for another term. The Board was of the view that these five directors have complete and appropriate qualifications for banking business, having no prohibited characteristics for appointment as directors of a financial institution in accordance with applicable laws. In addition, they have performed their duties with full responsibility, due care and integrity in compliance with the regulatory requirements, objectives, Articles of Association of the Bank, resolutions of the Board of Directors, as well as resolutions of the General Meeting of Shareholders. All the proposed directors received concurrence from the Bank of Thailand. Ms. Kobkarn Wattanavrangkul and Mr. Wiboon Khusakul are also qualified as Independent Directors per the criteria as specified by the Bank and are able to express their independent opinions, and in compliance with relevant criteria. Required Votes for Resolution: The resolution for this agenda item requires the majority votes of shareholders who attend the meeting and cast their votes.
5. To consider the election of a new director
Objective and Reason: According to Article 9, first paragraph, of the Bank’s Articles of Association, which stipulates that the Bank must have at least 7 but not exceeding 18 directors, the Human Resources and Remuneration Committee deemed it appropriate to propose to the General Meeting of Shareholders to elect 1 more director. The Meeting is, therefore, requested to consider electing Mr. Suroj Lamsam, as the Bank’s director. The Human Resources and Remuneration Committee deemed that he has knowledge, capability and suitable experience for the Bank. Previous working experiences and biography of the director nominated for election at the General Meeting of Shareholders are as shown in Annex 3.
Board of Directors’ Opinion: The Board of Directors concurred with the proposal of the Human Resources and Remuneration Committee, and considered it appropriate for the meeting of shareholders to elect Mr. Suroj Lamsam as a Non-Executive Director, under prudent screening, being of the view that he is fully qualified and suitable for banking business, having no prohibited characteristics for appointment as a director of a financial institution in accordance with applicable laws. Furthermore, he holds qualifications, skills, knowledge, capability and experiences contributable to the Bank, and appointment as a director received concurrence from the Bank of Thailand.
Required Votes for Resolution: The resolution for this agenda item requires the majority votes of shareholders who attend the meeting and cast their votes.
6. To consider the designation of names and number of directors with signatory authority
Objective and Reason: Pursuant to Article 17 of the Bank’s Articles of Association, which stipulates that the directors shall have power to conduct all kinds of business of the Company, two directors shall be authorized to sign and affix the common seal of the Company. As the Bank of Thailand concurred with the appointment of Mr. Krit Jitjang, Mr. Pipatpong Poshyanonda as Directors and Presidents, effective from September 24, 2020 onwards. the Meeting is therefore requested to consider the change of names and number of directors with signatory authority.
Board of Directors’ Opinion: It is considered appropriate for the meeting of shareholders to approve the change of directors with signatory authority from “Ms. Kattiya Indaravijaya, Mr. Pipit Aneaknithi, Mr. Patchara Samalapa: two out of these three directors shall co-sign with the Company’s seal affixed.” to:
“Ms. Kattiya Indaravijaya, Mr. Pipit Aneaknithi, Mr. Patchara Samalapa,Mr. Krit Jitjang, Mr. Pipatpong Poshyanonda: two out of these five directors shall co-sign with the Company’s seal affixed.”
Required Votes for Resolution: The resolution for this agenda item requires the majority votes of shareholders who attend the meeting and cast their votes.
-3-Board of Directors’ Opinion: The -3-Board of Directors, exclusive of the nominated directors, prudently screened and concurred with the proposal of the Human Resources and Remuneration Committee, and considered it appropriate for the meeting of shareholders to re-elect Ms. Kobkarn Wattanavrangkul, Ms. Sujitpan Lamsam, Mr. Pipit Aneaknithi, Dr. Pipatpong Poshyanonda and Mr. Wiboon Khusakul, who are due to retire by rotation, as the Bank’s directors for another term. The Board was of the view that these five directors have complete and appropriate qualifications for banking business, having no prohibited characteristics for appointment as directors of a financial institution in accordance with applicable laws. In addition, they have performed their duties with full responsibility, due care and integrity in compliance with the regulatory requirements, objectives, Articles of Association of the Bank, resolutions of the Board of Directors, as well as resolutions of the General Meeting of Shareholders. All the proposed directors received concurrence from the Bank of Thailand. Ms. Kobkarn Wattanavrangkul and Mr. Wiboon Khusakul are also qualified as Independent Directors per the criteria as specified by the Bank and are able to express their independent opinions, and in compliance with relevant criteria. Required Votes for Resolution: The resolution for this agenda item requires the majority votes of shareholders who attend the meeting and cast their votes.
5. To consider the election of a new director
Objective and Reason: According to Article 9, first paragraph, of the Bank’s Articles of Association, which stipulates that the Bank must have at least 7 but not exceeding 18 directors, the Human Resources and Remuneration Committee deemed it appropriate to propose to the General Meeting of Shareholders to elect 1 more director. The Meeting is, therefore, requested to consider electing Mr. Suroj Lamsam, as the Bank’s director. The Human Resources and Remuneration Committee deemed that he has knowledge, capability and suitable experience for the Bank. Previous working experiences and biography of the director nominated for election at the General Meeting of Shareholders are as shown in Annex 3.
Board of Directors’ Opinion: The Board of Directors concurred with the proposal of the Human Resources and Remuneration Committee, and considered it appropriate for the meeting of shareholders to elect Mr. Suroj Lamsam as a Non-Executive Director, under prudent screening, being of the view that he is fully qualified and suitable for banking business, having no prohibited characteristics for appointment as a director of a financial institution in accordance with applicable laws. Furthermore, he holds qualifications, skills, knowledge, capability and experiences contributable to the Bank, and appointment as a director received concurrence from the Bank of Thailand.
Required Votes for Resolution: The resolution for this agenda item requires the majority votes of shareholders who attend the meeting and cast their votes.
6. To consider the designation of names and number of directors with signatory authority
Objective and Reason: Pursuant to Article 17 of the Bank’s Articles of Association, which stipulates that the directors shall have power to conduct all kinds of business of the Company, two directors shall be authorized to sign and affix the common seal of the Company. As the Bank of Thailand concurred with the appointment of Mr. Krit Jitjang, Mr. Pipatpong Poshyanonda as Directors and Presidents, effective from September 24, 2020 onwards. the Meeting is therefore requested to consider the change of names and number of directors with signatory authority.
Board of Directors’ Opinion: It is considered appropriate for the meeting of shareholders to approve the change of directors with signatory authority from “Ms. Kattiya Indaravijaya, Mr. Pipit Aneaknithi, Mr. Patchara Samalapa: two out of these three directors shall co-sign with the Company’s seal affixed.” to:
“Ms. Kattiya Indaravijaya, Mr. Pipit Aneaknithi, Mr. Patchara Samalapa,Mr. Krit Jitjang, Mr. Pipatpong Poshyanonda: two out of these five directors shall co-sign with the Company’s seal affixed.”
Required Votes for Resolution: The resolution for this agenda item requires the majority votes of shareholders who attend the meeting and cast their votes.
-4-7. To consider approving the remuneration of directors
Objective and Reason: The remuneration of directors shall be commensurate with the duties and responsibilities of directors, in alignment with the directors’ remuneration of comparable commercial banks, and be reviewed annually. The remuneration of directors for the year 2021 has been considered by the Human Resources and Remuneration Committee and proposed to the Board of Directors, per details as in Annex 4.
Board of Directors’ Opinion: The Board of Directors concurred with the proposal of the Human Resources and Remuneration Committee, and considered it appropriate for the meeting of shareholders to approve as follows: 1) maintain the remuneration for directors, Independent Directors, Board Committee members, and Directors’ Bonus for 2021, at the same rate as that of 2020 as approved by the General Meeting of Shareholders No. 108.
2) adjust the remuneration for the Legal Adviser from Baht 330,000 to Baht 300,000 a month for a new Legal Adviser.
Required Votes for Resolution: The resolution for this agenda item requires the votes of not less than two-thirds of the total number of votes of shareholders who attend the meeting.
8. To consider approving the appointment and the fixing of remuneration of auditor
Objective and Reason: Pursuant to the Public Limited Companies Act B.E. 2535 and Article 28 of the Bank’s Articles of Association which state that the General Meeting of Shareholders shall appoint auditor and fix the remuneration of the auditor every year, the Audit Committee has considered the appointment of 3 auditors, and the fixing of audit fees for the year 2021, and submitted to the Board of Directors to propose to the General Meeting of Shareholders to appoint Ms. Sureerat Thongarunsang or Mr. Chanchai Sakulkoedsin or Mr. Charoen Phosamritlert of KPMG Phoomchai Audit Limited as the Bank’s auditor for the year 2021, considering that they are qualified under the regulations of the Bank of Thailand and the Office of the Securities and Exchange Commission, and have shown satisfactory performance. All proposed auditors received concurrence from the Bank of Thailand. The remuneration of auditor for the year 2021 is proposed at Baht 13,884,000, considering that the remuneration of auditor is suitable with audit scope. Details are shown in Annex 5.
Board of Directors’ Opinion: The Board of Directors concurred with the proposal of the Audit Committee, and considered it appropriate for the meeting of shareholders to appoint Ms. Sureerat Thongarunsang, CPA Registration Number 4409, or Mr. Chanchai Sakulkoedsin, CPA Registration Number 6827, or Mr. Charoen Phosamritlert, CPA Registration Number 4068, of KPMG Phoomchai Audit Limited as the Bank’s auditor for the year 2021 and to fix the remuneration of auditor for year 2021 totaling Baht 13,884,000. Other audit fees that may additionally incur under regulatory requirements shall be under discretion of the Management Committee, as deemed appropriate.
Required Votes for Resolution: The resolution for this agenda item requires the majority votes of shareholders who attend the meeting and cast their votes.
9. To consider approving the amendment of Article 19. bis of the Bank’s Articles of Association
Objective and Reason: Article 19. bis of the Bank’s Articles of Association stipulates that, “The Board of Directors may appoint no more than five directors or persons that the Board of Directors deems appropriate, as Advisers to the Management Committee who shall give advice as deemed appropriate by the Board of Directors.”, however currently no one has been appointed to such position.
Board of Directors’ Opinion: It is considered appropriate for the meeting of shareholders to approve the amendment of the Bank’s Articles of Association by deleting Article 19. bis.
Required Votes for Resolution: The resolution for this agenda item requires the votes of not less than three-fourths of the total number of votes of shareholders who attend the meeting and have the right to vote.
10. Other businesses (if any)
-5-
The Bank therefore would like to invite all shareholders to attend the Meeting on the date, time and place as mentioned above. Should any shareholder have queries in relation to the agenda, please send them to the Bank in advance via the Bank’s website, www.kasikornbank.com, or registered post to Investor Relations Unit, Office of Corporate Secretary, KASIKORNBANK PUBLIC COMPANY LIMITED, 33rd Floor, Head Office Building, 1 Soi Rat Burana 27/1, Rat Burana Road,
Rat Burana Sub-District, Rat Burana District, Bangkok 10140, or fax to 02-4702690, and provide the contact information. In order to speed up and facilitate the registration process at the General Meeting of Shareholders, it is kindly requested that the shareholders and/or the proxies bring the Notification of Meeting or Proxy Form having the barcode, as attached in Annex 6, together with the identification documents for meeting attendance, as shown in Annex 7, and present them to the registration staff on the date of the Meeting. The Bank has set the record date on March 11, 2021 to determine the list of shareholders, who have the right to attend the General Meeting of Shareholders No.109.
Yours sincerely, KASIKORNBANK PCL
- Signature - (Dr. Adit Laixuthai) Corporate Secretary By order of the Board of Directors
Remarks : 1. All shareholders can view the Annual Registration Statement and Annual Report 2020 (Form 56-1 One Report) by scanning QR Code, as shown in the Notification of Meeting.
2. All shareholders can find the Notice of the General Meeting of Shareholders and related documents on the Bank’s website. 3. All shareholders can contact ordinary shares registrar at the Thailand Securities Depository Company Limited (TSD),
Tel. 02-0099999.
Office of Corporate Secretary
-4-7. To consider approving the remuneration of directors
Objective and Reason: The remuneration of directors shall be commensurate with the duties and responsibilities of directors, in alignment with the directors’ remuneration of comparable commercial banks, and be reviewed annually. The remuneration of directors for the year 2021 has been considered by the Human Resources and Remuneration Committee and proposed to the Board of Directors, per details as in Annex 4.
Board of Directors’ Opinion: The Board of Directors concurred with the proposal of the Human Resources and Remuneration Committee, and considered it appropriate for the meeting of shareholders to approve as follows: 1) maintain the remuneration for directors, Independent Directors, Board Committee members, and Directors’ Bonus for 2021, at the same rate as that of 2020 as approved by the General Meeting of Shareholders No. 108.
2) adjust the remuneration for the Legal Adviser from Baht 330,000 to Baht 300,000 a month for a new Legal Adviser.
Required Votes for Resolution: The resolution for this agenda item requires the votes of not less than two-thirds of the total number of votes of shareholders who attend the meeting.
8. To consider approving the appointment and the fixing of remuneration of auditor
Objective and Reason: Pursuant to the Public Limited Companies Act B.E. 2535 and Article 28 of the Bank’s Articles of Association which state that the General Meeting of Shareholders shall appoint auditor and fix the remuneration of the auditor every year, the Audit Committee has considered the appointment of 3 auditors, and the fixing of audit fees for the year 2021, and submitted to the Board of Directors to propose to the General Meeting of Shareholders to appoint Ms. Sureerat Thongarunsang or Mr. Chanchai Sakulkoedsin or Mr. Charoen Phosamritlert of KPMG Phoomchai Audit Limited as the Bank’s auditor for the year 2021, considering that they are qualified under the regulations of the Bank of Thailand and the Office of the Securities and Exchange Commission, and have shown satisfactory performance. All proposed auditors received concurrence from the Bank of Thailand. The remuneration of auditor for the year 2021 is proposed at Baht 13,884,000, considering that the remuneration of auditor is suitable with audit scope. Details are shown in Annex 5.
Board of Directors’ Opinion: The Board of Directors concurred with the proposal of the Audit Committee, and considered it appropriate for the meeting of shareholders to appoint Ms. Sureerat Thongarunsang, CPA Registration Number 4409, or Mr. Chanchai Sakulkoedsin, CPA Registration Number 6827, or Mr. Charoen Phosamritlert, CPA Registration Number 4068, of KPMG Phoomchai Audit Limited as the Bank’s auditor for the year 2021 and to fix the remuneration of auditor for year 2021 totaling Baht 13,884,000. Other audit fees that may additionally incur under regulatory requirements shall be under discretion of the Management Committee, as deemed appropriate.
Required Votes for Resolution: The resolution for this agenda item requires the majority votes of shareholders who attend the meeting and cast their votes.
9. To consider approving the amendment of Article 19. bis of the Bank’s Articles of Association
Objective and Reason: Article 19. bis of the Bank’s Articles of Association stipulates that, “The Board of Directors may appoint no more than five directors or persons that the Board of Directors deems appropriate, as Advisers to the Management Committee who shall give advice as deemed appropriate by the Board of Directors.”, however currently no one has been appointed to such position.
Board of Directors’ Opinion: It is considered appropriate for the meeting of shareholders to approve the amendment of the Bank’s Articles of Association by deleting Article 19. bis.
Required Votes for Resolution: The resolution for this agenda item requires the votes of not less than three-fourths of the total number of votes of shareholders who attend the meeting and have the right to vote.
10. Other businesses (if any)
-5-
The Bank therefore would like to invite all shareholders to attend the Meeting on the date, time and place as mentioned above. Should any shareholder have queries in relation to the agenda, please send them to the Bank in advance via the Bank’s website, www.kasikornbank.com, or registered post to Investor Relations Unit, Office of Corporate Secretary, KASIKORNBANK PUBLIC COMPANY LIMITED, 33rd Floor, Head Office Building, 1 Soi Rat Burana 27/1, Rat Burana Road,
Rat Burana Sub-District, Rat Burana District, Bangkok 10140, or fax to 02-4702690, and provide the contact information. In order to speed up and facilitate the registration process at the General Meeting of Shareholders, it is kindly requested that the shareholders and/or the proxies bring the Notification of Meeting or Proxy Form having the barcode, as attached in Annex 6, together with the identification documents for meeting attendance, as shown in Annex 7, and present them to the registration staff on the date of the Meeting. The Bank has set the record date on March 11, 2021 to determine the list of shareholders, who have the right to attend the General Meeting of Shareholders No.109.
Yours sincerely, KASIKORNBANK PCL
- Signature - (Dr. Adit Laixuthai) Corporate Secretary By order of the Board of Directors
Remarks : 1. All shareholders can view the Annual Registration Statement and Annual Report 2020 (Form 56-1 One Report) by scanning QR Code, as shown in the Notification of Meeting.
2. All shareholders can find the Notice of the General Meeting of Shareholders and related documents on the Bank’s website. 3. All shareholders can contact ordinary shares registrar at the Thailand Securities Depository Company Limited (TSD),
Tel. 02-0099999.
Office of Corporate Secretary
-7-Positions in Rival Companies/ : None Connected Business that May
Cause Conflicts of Interest
Experience : - Minister of Tourism and Sports
- Chairman of the Board, Pinkanakorn Development Agency (Public Organization) - Vice Chairperson, KASIKORNBANK PUBLIC COMPANY LIMITED
- Member of Special Advisory Committee for the Prime Minister - Director, Minor International Public Company Limited
Performance during Tenure : - Oversee the formulation of KASIKORNBANK’s strategic direction in accordance with of Directorship a Bank of Sustainability Principle, under good corporate governance, as well as
appropriate risk management and cost management;
- Stimulate and promote KASIKORNBANK’s potentiality towards world-class financial institution standards;
- Provide recommendations on human resources management to ensure that they are aligned with the Bank’s strategic directions.
Meeting Attendance in 2020 : - Board of Directors : 15 from 15 meetings
- Non-Executive Directors : 1 from 1 meeting
- Independent Directors Committee : 12 from 12 meetings
- Human Resources and Remuneration Committee : 3 from 3 meetings
- Risk Oversight Committee : 1 from 1 meeting
For consideration of Agenda 4: To consider the election of directors to replace those retiring by rotation
Name : Ms. Kobkarn Wattanavrangkul
Director Type : Independent Director having qualifications per definition of Independent Director as defined by the Bank Number of years holding directorship : 3 years (Appointed on April 4, 2018)
up to the present term
Number of years holding directorship : 6 years inclusive of the reappointment term
Present Positions : - Chairperson of the Board
- Lead Independent Director
Age : 60
Nationality : Thai
Education : - Bachelor’s Degree (Architecture),
Rhode Island School of Design, USA
Training Program : - Board Nomination and Compensation Program, Thai Institute of Directors Association
- Role of the Chairman Program, Thai Institute of Directors Association - Director Certification Program, Thai Institute of Directors Association
KBank Shareholdings : 1,200 shares, equal to 0.00005 percent of total shares with voting right Positions in Other Listed Companies : None
Positions in Non-Listed Companies : 8 positions - Chairperson, Toshiba Thailand Company Limited - Director, Thai Electric Industries Company Limited - Director, Nikornkij & Sons Company Limited - Director, Superlite N.K.S. Holding Company Limited - Director, Superlite Real Estate Company Limited - Director, Thai Toshiba Lighting Company Limited
- Director, Thai Toshiba Electric Industries Company Limited - Advisor, Bangkadi Industrial Park Company Limited Other Affiliations : - President, Dr.Korn-Thanpuying Niramol Suriyasat Foundation
- Honorary President, Thai-Japanese Association
- Member of the Board of Trustees, Sirindhorn International Institute of Technology - Member of the National Economic Reform Committee
- Member of the Council, The Thai Red Cross Society
- Member of the Committee, Foundation for a Clean and Transparent Thailand - Member of the Board, The Paralympic Committee of Thailand
- Governor, Rugby School Thailand
- Member of the Public Sector Development Sub-committee on Driving Public Sector for the Future
- Advisor, The Thai Chamber of Commerce
- Advisor to President, The Federation of Business and Professional Woman’s Associations of Thailand
-7-Positions in Rival Companies/ : None Connected Business that May
Cause Conflicts of Interest
Experience : - Minister of Tourism and Sports
- Chairman of the Board, Pinkanakorn Development Agency (Public Organization) - Vice Chairperson, KASIKORNBANK PUBLIC COMPANY LIMITED
- Member of Special Advisory Committee for the Prime Minister - Director, Minor International Public Company Limited
Performance during Tenure : - Oversee the formulation of KASIKORNBANK’s strategic direction in accordance with of Directorship a Bank of Sustainability Principle, under good corporate governance, as well as
appropriate risk management and cost management;
- Stimulate and promote KASIKORNBANK’s potentiality towards world-class financial institution standards;
- Provide recommendations on human resources management to ensure that they are aligned with the Bank’s strategic directions.
Meeting Attendance in 2020 : - Board of Directors : 15 from 15 meetings
- Non-Executive Directors : 1 from 1 meeting
- Independent Directors Committee : 12 from 12 meetings
- Human Resources and Remuneration Committee : 3 from 3 meetings
- Risk Oversight Committee : 1 from 1 meeting
For consideration of Agenda 4: To consider the election of directors to replace those retiring by rotation
Name : Ms. Kobkarn Wattanavrangkul
Director Type : Independent Director having qualifications per definition of Independent Director as defined by the Bank Number of years holding directorship : 3 years (Appointed on April 4, 2018)
up to the present term
Number of years holding directorship : 6 years inclusive of the reappointment term
Present Positions : - Chairperson of the Board
- Lead Independent Director
Age : 60
Nationality : Thai
Education : - Bachelor’s Degree (Architecture),
Rhode Island School of Design, USA
Training Program : - Board Nomination and Compensation Program, Thai Institute of Directors Association
- Role of the Chairman Program, Thai Institute of Directors Association - Director Certification Program, Thai Institute of Directors Association
KBank Shareholdings : 1,200 shares, equal to 0.00005 percent of total shares with voting right Positions in Other Listed Companies : None
Positions in Non-Listed Companies : 8 positions - Chairperson, Toshiba Thailand Company Limited - Director, Thai Electric Industries Company Limited - Director, Nikornkij & Sons Company Limited - Director, Superlite N.K.S. Holding Company Limited - Director, Superlite Real Estate Company Limited - Director, Thai Toshiba Lighting Company Limited
- Director, Thai Toshiba Electric Industries Company Limited - Advisor, Bangkadi Industrial Park Company Limited Other Affiliations : - President, Dr.Korn-Thanpuying Niramol Suriyasat Foundation
- Honorary President, Thai-Japanese Association
- Member of the Board of Trustees, Sirindhorn International Institute of Technology - Member of the National Economic Reform Committee
- Member of the Council, The Thai Red Cross Society
- Member of the Committee, Foundation for a Clean and Transparent Thailand - Member of the Board, The Paralympic Committee of Thailand
- Governor, Rugby School Thailand
- Member of the Public Sector Development Sub-committee on Driving Public Sector for the Future
- Advisor, The Thai Chamber of Commerce
- Advisor to President, The Federation of Business and Professional Woman’s Associations of Thailand
-8-Name : Ms. Sujitpan Lamsam
Director Type : Non-Executive Director
Years of Directorship : 22 years 11 months (Appointed on April 30, 1998)
Present Positions : - Vice Chairperson
- Member of the Risk Oversight Committee
Age : 62
Nationality : Thai
Education : - Master’s Degree (Management),
Massachusetts Institute of Technology, USA - Master’s Degree (Honors) (Economics), Cambridge University, UK
Training Program : - Director Accreditation Program, Thai Institute of Directors Association
KBank Shareholdings : 3,000,000 shares, equal to 0.12662 percent of total shares with voting right Positions in Other Listed Companies : 1 position - Vice Chairman, Muang Thai Insurance Public Company Limited Positions in Non-Listed Companies : 5 positions - Director and Chairman of the Executive Committee,
Muang Thai Life Assurance Public Company Limited - Director, Muang Thai Holding Company Limited - Director, Muang Thai Group Holding Company Limited - Director, Muang Thai Asset Company Limited - Director, Fuchsia Venture Capital Company Limited
Other Affiliations : None
Positions in Rival Companies/ : None Connected Business that May Cause Conflicts of Interest
Experience : - Chairperson, Ploy Asset Management Company Limited
- Chairperson, Phethai Asset Management Company Limited
- Chairman of Executive Committee, Muang Thai Insurance Public Company Limited - Advisor, NewBridge Capital
Performance during Tenure : - Provide recommendations on risk management of KASIKORNBANK Financial Conglomerate; of Directorship - Provide recommendations to the Board of Directors as concern risk management policy
strategies and aggregate risk assessment to ensure that risk management strategies have been appropriately implemented;
- Provide recommendations on strategic direction and agile operational guidelines for adoption at KASIKORNBANK for higher operational efficiency and contribution to the creation of innovation.
Meeting Attendance in 2020 : - Board of Directors : 15 from 15 meetings
- Non-Executive Directors : 1 from 1 meeting
- Risk Oversight Committee : 6 from 6 Meetings
-9-Name : Mr. Pipit Aneaknithi
Director Type : Executive Director
Years of Directorship : 4 years 3 months (Appointed on January 1, 2017)
Present Positions : - President
- Member of the Risk Oversight Committee
Age : 53
Nationality : Thai
Education : - Master’s Degree (Business Administration),
Fachhochschule Pforzheim, Germany - Master’s Degree (Business Administration), University of Brighton, UK
Training Program : - Role of the Chairman Program,
Thai Institute of Directors Association - Director Certification Program, Thai Institute of Directors Association - Director Accreditation Program, Thai Institute of Directors Association
KBank Shareholdings : None
Positions in Other Listed Companies : None
Positions in Non-Listed Companies : 4 positions - Chairman, KASIKORN SECURITIES PUBLIC COMPANY LIMITED
- Chairman, KASIKORNBANK (CHINA) COMPANY LIMITED
- Director, BEACON VENTURE CAPITAL COMPANY LIMITED
- Director, Muang Thai Group Holding Company Limited
Other Affiliations : None
Positions in Rival Companies/ : None Connected Business that May Cause Conflicts of Interest
Experience : - Chairman, KASIKORN LEASING COMPANY LIMITED
- Senior Executive Vice President, KASIKORNBANK PUBLIC COMPANY LIMITED - Director, KASIKORN RESEARCH CENTER COMPANY LIMITED
Performance during Tenure : - Manage and supervise the overall business undertaking of KASIKORNBANK of Directorship in accordance with the corporate image and strategies, with emphasis on synergies
between KASIKORNBANK and its subsidiaries;
- Manage the Bank’s international branch networks according to “The Bank of AEC+3” strategy; - Expedite the development of data analytic capability for better business opportunities and operational efficiency;
- Enhance the assessment and the audit of IT strengths and cyber security awareness.
Meeting Attendance in 2020 : - Board of Directors : 15 from 15 meetings
- Risk Oversight Committee : 6 from 6 meetings
-9-Name : Mr. Pipit Aneaknithi
Director Type : Executive Director
Years of Directorship : 4 years 3 months (Appointed on January 1, 2017)
Present Positions : - President
- Member of the Risk Oversight Committee
Age : 53
Nationality : Thai
Education : - Master’s Degree (Business Administration),
Fachhochschule Pforzheim, Germany - Master’s Degree (Business Administration), University of Brighton, UK
Training Program : - Role of the Chairman Program,
Thai Institute of Directors Association - Director Certification Program, Thai Institute of Directors Association - Director Accreditation Program, Thai Institute of Directors Association
KBank Shareholdings : None
Positions in Other Listed Companies : None
Positions in Non-Listed Companies : 4 positions - Chairman, KASIKORN SECURITIES PUBLIC COMPANY LIMITED
- Chairman, KASIKORNBANK (CHINA) COMPANY LIMITED
- Director, BEACON VENTURE CAPITAL COMPANY LIMITED
- Director, Muang Thai Group Holding Company Limited
Other Affiliations : None
Positions in Rival Companies/ : None Connected Business that May Cause Conflicts of Interest
Experience : - Chairman, KASIKORN LEASING COMPANY LIMITED
- Senior Executive Vice President, KASIKORNBANK PUBLIC COMPANY LIMITED - Director, KASIKORN RESEARCH CENTER COMPANY LIMITED
Performance during Tenure : - Manage and supervise the overall business undertaking of KASIKORNBANK of Directorship in accordance with the corporate image and strategies, with emphasis on synergies
between KASIKORNBANK and its subsidiaries;
- Manage the Bank’s international branch networks according to “The Bank of AEC+3” strategy; - Expedite the development of data analytic capability for better business opportunities and operational efficiency;
- Enhance the assessment and the audit of IT strengths and cyber security awareness.
Meeting Attendance in 2020 : - Board of Directors : 15 from 15 meetings
- Risk Oversight Committee : 6 from 6 meetings
-10-Name : Dr. Pipatpong Poshyanonda
Director Type : Executive Director
Years of Directorship : 6 months (Appointed on September 24, 2020)
Present Positions : - President
Age : 53
Nationality : Thai
Education : - Ph.D. (Engineering Management),
University of Missouri-Rolla, USA Training Program : - Director Certification Program,
Thai Institute of Directors Association
KBank Shareholdings : 35 shares, equal to 0.00000 percent of total shares with voting right Positions in Other Listed Companies : None
Positions in Non-Listed Companies : 11 positions - Chairman, KASIKORN LEASING COMPANY LIMITED
- Chairman, KASIKORN FACTORY AND EQUIPMENT COMPANY LIMITED
- Chairman, PROGRESS PLUS COMPANY LIMITED
- Chairman, PROGRESS APPRAISAL COMPANY LIMITED
- Chairman, PROGRESS FACILITIES MANAGEMENT COMPANY LIMITED
- Chairman, PROGRESS SERVICE SECURITY GUARD COMPANY LIMITED
- Chairman, PROGRESS STORAGE COMPANY LIMITED
- Chairman, PROGRESS SERVICE SUPPORT COMPANY LIMITED
- Director, National ITMX Company Limited
- Director, PP Posh Company Limited
- Director, PNP 2015 Company Limited
Other Affiliations : None
Positions in Rival Companies/ : None Connected Business that May Cause Conflicts of Interest
Experience : - Senior Executive Vice President, KASIKORNBANK PUBLIC COMPANY LIMITED
- Director, Thai Digital ID Company Limited - Director, PROGRESS PLUS COMPANY LIMITED - Director, PROGRESS APPRAISAL COMPANY LIMITED - Director, PROGRESS STORAGE COMPANY LIMITED
- Director, PROGRESS SERVICE SUPPORT COMPANY LIMITED
Performance during Tenure : - Manage and supervise the overall business undertaking of KASIKORNBANK of Directorship in accordance with the corporate image and strategies, with emphasis on synergies
between KASIKORNBANK and its subsidiaries;
- Expedite implementation of strategies as concern leadership in digital payment and upgrade personal loan services;
- Enhance sales and services experience, by coordinating all service channels; - Enhance efficiency in the creation of value from efficient uses of resources.
Meeting Attendance in 2020 : - Board of Directors : 4 from 4 meetings
-11-Name : Mr. Wiboon Khusakul
Director Type : Independent Director having qualifications per definition of Independent Director as defined by the Bank Number of years holding directorship : 6 years (Appointed on April 2, 2015) up to the present term
Number of years holding directorship : 9 years inclusive of the reappointment term
Present Positions : - Director
- Independent Director
- Member of the Corporate Governance Committee
Age : 66
Nationality : Thai
Education : - Master’s Degree (International Public Policy),
Johns Hopkins University, USA
- Master’s Degree (Political Science - International Relations), Thammasat University
Training Program : - Director Certification Program, Thai Institute of Directors Association
KBank Shareholdings : None
Positions in Other Listed Companies : 1 position - Director, City Sports and Recreation Public Company Limited Positions in Non-Listed Companies : 1 position - Advisor, Charoen Pokphand Group Company Limited
Other Affiliations : - Chairman of the National Public Relations Sub-committee on Foreign Affairs, The Government Public Relations Department
- Member of the Committee for Preparation of National Strategies on Building Competitiveness
- Member of the International Advisory Committee, Fudan University, Shanghai Positions in Rival Companies/ : None
Connected Business that May Cause Conflicts of Interest
Experience : - Director, Thai Smile Airways Company Limited
- Ambassador to the People’s Republic of China, Republic of Mongolia, and the Democratic People’s Republic of Korea, Royal Thai Embassy, Beijing
- Ambassador to the Lao People’s Democratic Republic, Royal Thai Embassy, Vientiane - Executive Director, Thailand Trade and Economic Office (Taipei)
Performance during Tenure : - Provide comments independently, based on his international economic knowledge of Directorship and experience, especially as concerns the People’s Republic of China;
- Provide recommendations on corporate governance, sustainable development and corporate social responsibility activities in order to enhance operations of the Bank towards international standards and a Bank of Sustainability.
-11-Name : Mr. Wiboon Khusakul
Director Type : Independent Director having qualifications per definition of Independent Director as defined by the Bank Number of years holding directorship : 6 years (Appointed on April 2, 2015) up to the present term
Number of years holding directorship : 9 years inclusive of the reappointment term
Present Positions : - Director
- Independent Director
- Member of the Corporate Governance Committee
Age : 66
Nationality : Thai
Education : - Master’s Degree (International Public Policy),
Johns Hopkins University, USA
- Master’s Degree (Political Science - International Relations), Thammasat University
Training Program : - Director Certification Program, Thai Institute of Directors Association
KBank Shareholdings : None
Positions in Other Listed Companies : 1 position - Director, City Sports and Recreation Public Company Limited Positions in Non-Listed Companies : 1 position - Advisor, Charoen Pokphand Group Company Limited
Other Affiliations : - Chairman of the National Public Relations Sub-committee on Foreign Affairs, The Government Public Relations Department
- Member of the Committee for Preparation of National Strategies on Building Competitiveness
- Member of the International Advisory Committee, Fudan University, Shanghai Positions in Rival Companies/ : None
Connected Business that May Cause Conflicts of Interest
Experience : - Director, Thai Smile Airways Company Limited
- Ambassador to the People’s Republic of China, Republic of Mongolia, and the Democratic People’s Republic of Korea, Royal Thai Embassy, Beijing
- Ambassador to the Lao People’s Democratic Republic, Royal Thai Embassy, Vientiane - Executive Director, Thailand Trade and Economic Office (Taipei)
Performance during Tenure : - Provide comments independently, based on his international economic knowledge of Directorship and experience, especially as concerns the People’s Republic of China;
- Provide recommendations on corporate governance, sustainable development and corporate social responsibility activities in order to enhance operations of the Bank towards international standards and a Bank of Sustainability.
-12-Meeting Attendance in 2020 : - Board of Directors : 15 from 15 meetings
- Non-Executive Directors : 1 from 1 meeting
- Independent Directors Committee : 11 from 12 meetings
- Corporate Governance Committee : 4 from 4 meetings
-13-Definition of Independent Director
The Bank has defined the qualification of “Independent Director” more restrictive than the criteria set by the Capital Market Supervisory Boardand in accordance with the Bank of Thailand’s criteria, as follows:
1. Holding not more than 0.5 percent of the Bank’s shares with voting rights, or that of any subsidiary company, associated company, major shareholder or controlling person of the Bank, which shall be inclusive of the shares held by any related person of such an independent director;
2. Neither being nor having been a non-independent director, an executive director, a manager, an employee, a staff member, an adviser who receives a regular salary, or a controlling person of the Bank, company in KASIKORNBANK FINANCIAL CONGLOMERATE, subsidiary company, associated company, subsidiary company at the same level, major shareholder or controlling person of the Bank unless the foregoing status has ended for more than 2 years; 3. Not being a person related by blood or registration under law, such as father, mother, spouse, sibling, or child,
including the spouse of a child, of other director, any executive, major shareholder, controlling person or person to be nominated as a director, an executive or a controlling person of the Bank or subsidiary company;
4. Neither holding nor having held a business relationship with the Bank, subsidiary company, associated company, major shareholder or controlling person in a manner which may interfere with his/her independent judgment, and neither being nor having been a substantial shareholder or a controlling person of any person having a business relationship with the Bank, subsidiary company, associated company, major shareholder or controlling person unless the foregoing relationship has ended for more than 2 years,
The aforementioned “business relationship” includes any normal business transaction, rental or lease of immovable property, transaction relating to assets or services, or grant or receipt of financial assistance through receiving or extending loans, guarantee, providing assets as collateral, including any other similar actions, which result in the Bank or counterparty being liable to indebtedness payable to the other party in the amount of 3 percent or more of the net tangible assets of the Bank or Baht 20 million or more, whichever is lower. The amount of such indebtedness shall be calculated according to the calculation method for value of connected transactions under the Notification of the Capital Market Supervisory Board concerning regulations in respect of an entering into connected transaction mutatis mutandis. The combination of such indebtedness shall include indebtedness taking place during the course of 1 year prior to the date on which such a business relationship with the person commences;
5. Neither being nor having been an auditor of the Bank, subsidiary company, associated company, major shareholder or controlling person and not being a substantial shareholder, controlling person or partner of an audit firm which employs auditors of the Bank, subsidiary company, associated company, major shareholder or controlling person unless the foregoing relationship has ended for more than 2 years;
6. Neither being nor having been any professional adviser including legal adviser or financial adviser who receives an annual service fee exceeding Baht 2 million from the Bank, subsidiary company, associated company, major shareholder or controlling person, and not being a substantial shareholder, controlling person or partner of the professional adviser, unless the foregoing relationship has ended for more than 2 years;
7. Not being a director who has been appointed as a representative of the Bank’s director, major shareholder, or shareholder related to the major shareholder;
8. Not undertaking any business the nature of which is the same as that of the Bank or subsidiary company and which, in any material respect, is competitive with business of the Bank or subsidiary company or not being a substantial partner in the partnership, a director who is involved in management, an employee, a staff member, an adviser who receives a regular salary, or a shareholder holding more than 1 percent of shares with voting rights of a company undertaking any business the nature of which is the same as that of the Bank or subsidiary company and which, in any material respect, is competitive with business of the Bank or subsidiary company;
9. Not having any characteristics that prohibit the expression of independent opinion towards the Bank’s business undertakings.
The previous directorial records as an independent director to be brought up for consideration shall comply with the above criteria, except under exemption in accordance with the Notification of the Capital Market Supervisory Board.
-13-Definition of Independent Director
The Bank has defined the qualification of “Independent Director” more restrictive than the criteria set by the Capital Market Supervisory Boardand in accordance with the Bank of Thailand’s criteria, as follows:
1. Holding not more than 0.5 percent of the Bank’s shares with voting rights, or that of any subsidiary company, associated company, major shareholder or controlling person of the Bank, which shall be inclusive of the shares held by any related person of such an independent director;
2. Neither being nor having been a non-independent director, an executive director, a manager, an employee, a staff member, an adviser who receives a regular salary, or a controlling person of the Bank, company in KASIKORNBANK FINANCIAL CONGLOMERATE, subsidiary company, associated company, subsidiary company at the same level, major shareholder or controlling person of the Bank unless the foregoing status has ended for more than 2 years; 3. Not being a person related by blood or registration under law, such as father, mother, spouse, sibling, or child,
including the spouse of a child, of other director, any executive, major shareholder, controlling person or person to be nominated as a director, an executive or a controlling person of the Bank or subsidiary company;
4. Neither holding nor having held a business relationship with the Bank, subsidiary company, associated company, major shareholder or controlling person in a manner which may interfere with his/her independent judgment, and neither being nor having been a substantial shareholder or a controlling person of any person having a business relationship with the Bank, subsidiary company, associated company, major shareholder or controlling person unless the foregoing relationship has ended for more than 2 years,
The aforementioned “business relationship” includes any normal business transaction, rental or lease of immovable property, transaction relating to assets or services, or grant or receipt of financial assistance through receiving or extending loans, guarantee, providing assets as collateral, including any other similar actions, which result in the Bank or counterparty being liable to indebtedness payable to the other party in the amount of 3 percent or more of the net tangible assets of the Bank or Baht 20 million or more, whichever is lower. The amount of such indebtedness shall be calculated according to the calculation method for value of connected transactions under the Notification of the Capital Market Supervisory Board concerning regulations in respect of an entering into connected transaction mutatis mutandis. The combination of such indebtedness shall include indebtedness taking place during the course of 1 year prior to the date on which such a business relationship with the person commences;
5. Neither being nor having been an auditor of the Bank, subsidiary company, associated company, major shareholder or controlling person and not being a substantial shareholder, controlling person or partner of an audit firm which employs auditors of the Bank, subsidiary company, associated company, major shareholder or controlling person unless the foregoing relationship has ended for more than 2 years;
6. Neither being nor having been any professional adviser including legal adviser or financial adviser who receives an annual service fee exceeding Baht 2 million from the Bank, subsidiary company, associated company, major shareholder or controlling person, and not being a substantial shareholder, controlling person or partner of the professional adviser, unless the foregoing relationship has ended for more than 2 years;
7. Not being a director who has been appointed as a representative of the Bank’s director, major shareholder, or shareholder related to the major shareholder;
8. Not undertaking any business the nature of which is the same as that of the Bank or subsidiary company and which, in any material respect, is competitive with business of the Bank or subsidiary company or not being a substantial partner in the partnership, a director who is involved in management, an employee, a staff member, an adviser who receives a regular salary, or a shareholder holding more than 1 percent of shares with voting rights of a company undertaking any business the nature of which is the same as that of the Bank or subsidiary company and which, in any material respect, is competitive with business of the Bank or subsidiary company;
9. Not having any characteristics that prohibit the expression of independent opinion towards the Bank’s business undertakings.
The previous directorial records as an independent director to be brought up for consideration shall comply with the above criteria, except under exemption in accordance with the Notification of the Capital Market Supervisory Board.
For consideration of Agenda 5 : To consider the election of a new director
Name : Mr. Suroj Lamsam
Director Type : Non-Executive Director
Age : 55
Nationality : Thai
Education : - Master’s Degree (Management),
Sasin Graduate Institute of Business Administration - Master’s Degree (Communications),
New York University, USA
- Bachelor’s Degree (Marketing and Consumer Studies), Syracuse University, USA
Training Program : - Director Accreditation Program, Thai Institute of Directors Association
KBank Shareholdings : None
Positions in Other Listed Companies : 2 positions - Chief Executive Officer and President, Loxley Public Company Limited - Director, QTC Energy Public Company Limited
Positions in Non-Listed Companies : 30 positions - Chairman, Dole Thailand Company Limited - Chairman, L Food Solutions Company Limited
- Chairman, The Foodsource Company Limited
- Chairman, Loxbit Public Company Limited - Managing Director, LB EV Company Limited - Managing Director, L Automotive Company Limited
- Managing Director, Loxley Property Development Company Limited - Managing Director, Data Mining Company Limited
- Managing Director, Thai Gateway Company Limited - Director, Loxley Joint and Hold Company Limited - Director, Loxley GTECH Technology Company Limited - Director, Loxley Trading Company Limited
- Director, Loxley Global Company Limited - Director, Loxley Mobile Company Limited
- Director, Loxley Intertrade (Guangzhou) Company Limited - Director, AOT Aviation Security Company Limited - Director, ASM Security Management Company Limited - Director, Siamsamut Warin Company Limited
- Director, BP-Castrol (Thailand) Company Limited - Director, Car Convenie Company Limited
- Director, Thanakorn Vegetable Oil Company Limited - Director, Point Asia Land Development Company Limited
- Director, Ekpavee Company Limited
- Director, Lamsam Estate Company Limited
Annex 3
- Director, Phatra Samphant Company Limited - Director, Chanaporn Company Limited
- Director, Ruam Samphant Company Limited
- Director, Suludee Company Limited
- Director, Vanatharn Company Limited - Director, Sathira Phattana Company Limited
Other Affiliations : None
Positions in Rival Companies/ : None Connected Business that may Cause Conflict of Interest
Experience : - Chairman, L Business Process Outsourcing Company Limited - President, Loxley Public Company Limited
- Managing Director, L Food Solutions Company Limited
- Senior Executive Vice President, Loxley Public Company Limited - Director, Loxtrade Specialty Innovation Company Limited - Director, Loxley Orbit Public Company Limited
- Director, Phatra Samphant Company Limited - Director, Chanaporn Company Limited
- Director, Ruam Samphant Company Limited
- Director, Suludee Company Limited
- Director, Vanatharn Company Limited - Director, Sathira Phattana Company Limited
Other Affiliations : None
Positions in Rival Companies/ : None Connected Business that may Cause Conflict of Interest
Experience : - Chairman, L Business Process Outsourcing Company Limited - President, Loxley Public Company Limited
- Managing Director, L Food Solutions Company Limited
- Senior Executive Vice President, Loxley Public Company Limited - Director, Loxtrade Specialty Innovation Company Limited - Director, Loxley Orbit Public Company Limited
