EXAT-AR2020

Contents

Organizational Direction Organization Structure Code of Ethics Practice by
and Manpower Expressway Authority
2 of Thailand
26
Message from the Chairman 37
of the Board of Directors EXAT’s Executives
EXAT’s Corporate Governance
3 28 Reinforcement Guidelines

Financial Overview Executive’s Profile 38
and Remuneration
4 Management Structure
34 of the Expressway Authority
Important Financial of Thailand’s Board of Directors
Information Personnel Development
41
5 36
Committees
EXAT’s Board of Directors and Sub-Committees

6 42

Audit Committee Report EXAT’s Performance on Auditor’s Report
Corporate Social Responsibility
71 95
82
Performance Analysis Financial Statements
Business Conditions,
73 Plans and Strategies 101

Risk Management 85 Notes to the Financial Statement

76 EXAT’s Operation under 107
the Official Information
Internal Control Act B.E. 2540 (1997) Significant Statistics
of Expressway Usage
78 91
126
Research and Development Report of the Board
Result of Expressway Service of Directors’ Responsibility Expressway System Map

79 for the Financial Report 132

94

Organizational Direction

Vision

 

Development of the expressway
to provide good and worthwhile services,
with convenience, fastness, sustainable safety.

Mission

 

1. To provide expressway development in accordance
with required standards and safety.
2. To provide innovative and valuable services.
3. To manage its assets efficiently in order to enhance expressway
operation potentiality and social benefits.
4. To develop management and investment system to add organizational values.

Strategic Issues

 

Strategy 1 : Extend the network and provide sustainable service.
Strategy 2 : Make maximum use of the assets.
Strategy 3 : Build sustainability for society, communities and the environment.
Strategy 4 : Make EXAT an organization of the future.

2

Message from the Chairman Annual Report 2020  Expressway Authority of Thailand
of the Board of Directors

of Expressway Authority of Thailand

 

In 2020, Expressway Authority of Thailand starts alternation to secure progressiveness supported
by the government, Ministry of Transport, the public at large and travelers. Thereby, we can transform
to be “the happy Expressway.”

So far, we have witnessed happiness and smiles among our travelers for free traveling during the public
holidays and long weekend allowed for them by the government, the Ministry of Transport (MOT) and all of
us, the personnel of Expressway Authority of Thailand. Moreover, during the critical COVID-19 situation we
also participate with all government agencies to promote social activities for mask given to our officials and
employees, passengers including donation to medical and charity organizations and personnel. This specifically
identifies our intention to be real partnership with all Thai people. We also prepare and develop our organization
toward the cashless society plus new models of EASY PASS services to increase more effective approaches.

More importantly, we are now in the era to introduce how technical approach and innovation
can permanently solve the facing problems at tollgates leading to the M-Flow system development
jointly with our partners who provide Motor Ways and Concession highways as a mean to study and
try the Multi-Lane Free Flow. Then we will top up by integration with the available information from
the Department of Land Transportation (DLT) toward possible payment by the car registration signs to
enable traffic convenience and reduce wasteful energy consumption caused by traffic getting stuck at
the tollgate permanently. Accordingly, the Organization shall handle personnel welfare plans alongside
the aforementioned innovation focusing on how to ensure resource contribution as well as skillful ability
to promote and maintain environmental safety and friendliness while developing efficiency of the EXAT
Network to better serve the travelers in the future.

Therefore, collaboration from all relevant sectors is the factor to drive and create our organization
toward well recognition for both the outcomes and excellent people caretaking.

(Mr. Sorapong Paitoonphong)
Chairman of the Board of Directors
of Expressway Authority of Thailand

3

Financial Overview

Unit : Million Baht

Change Increase
(Decrease)
Item 2020 2019

Amount Percentage

Operating results (For the year ending on 30 September)

Total income 15,991.21 18,620.15 (2,628.94) (14.12)
11,918.09 (2,347.84) (19.70)
Total expenditure 9,570.25 6,702.06 (4.19)
(281.10)
Comprehensive income 6,420.96 (1.80)
(6.54)
Financial status (As of 30 September) 2.74

Total assets 240,499.98 244,920.40 (4,420.42) (14.52)
119,960.36 (7,841.38) (4.08)
Total liabilities 112,118.98 124,960.04 3,420.96 (9.38)
45.28
Equity 128,381.00 (35.80)
(14.29)
Financial ratio (11.67)
(2.48)
Current ratio Times 1.06 1.24 (0.18) 10.79
0.49 (0.02) (12.54)
Debt to total asset ratio Times 0.47 0.96 (0.09) (6.80)
2.65 1.20 (14.20)
Debt to equity ratio Times 0.87 1.62 (0.58)
0.077 (0.01)
Interest coverage Times 3.85 0.060 (0.01)
47.90 (1.19)
Interest and principal coverage Times 1.04 45.86 4.95
3.03 (0.38)
Fixed asset turnover Times 0.066 5.44 (0.37)
11,344.17 (1,610.61)
Total asset turnover Times 0.053

Operating profit margin % 46.71

Net profit margin % 50.81

Return on assets (ROA) % 2.65

Return on equity % 5.07

EBIDA Million baht 9,733.56

Source : Accounting Division, Treasury and Accounting Department
as of September 30, 2020

4

Important Financial Information Annual Report 2020  Expressway Authority of Thailand

Financial position 2018 2019 Unit : Million Baht
6,917.19 19,960.10
Current assets 2020
% increase (decrease) (8.00) 188.56 9,955.28
Non-current assets 190,087.12 189,002.86
% increase (decrease) (50.12)
Other non-current assets (0.65) (0.57) 190,914.26
% increase (decrease) 216.44 35,957.44
Total assets (54.18) 16,513.12 1.01
% increase (decrease) 197,220.75 244,920.40 39,630.44
Total liabilities (1.06)
% increase (decrease) 75,562.77 24.19 10.21
Equity (4.79) 119,960.36 240,499.98
% increase (decrease) 121,657.98
Total liabilities and equity 58.76 (1.80)
% increase (decrease) 1.41 124,960.04 112,118.98
197,220.75
2.71 (6.54)
(1.06) 244,920.40 128,381.00

24.19 2.74
240,499.98

(1.80)

Operating results 2018 2019 2020
17,597.08 18,620.15 15,991.21
Total income
% increase (decrease) 0.24 5.81 (14.12)
Total expenses 11,798.62 11,918.09 9,570.25
% increase (decrease)
Comprehensive income 47.19 1.01 (19.70)
% increase (decrease) 5,798.46 6,702.06 6,420.96

(39.22) 15.58 (4.19)

Financial ratio 2018 2019 2020
0.66 1.24 1.06
Current asset to current debt ratio (times) 0.38 0.49 0.47
Total debt to total asset ratio (times) 0.62 0.96 0.87
Total debt to equity ratio (times) 2.92 3.03 2.65
% Return on total assets (average) 4.80 5.44 5.07
% Return on equity (average)

Source : Accounting Division, Treasury and Accounting Department
as of September 30, 2020

5

EXAT’s Board of Directors

Expressway Authority of Thailand

6

Mr. Sorapong Paitoonphong Annual Report 2020  Expressway Authority of Thailand

Chairman of the Board of Directors
Expressway Authority of Thailand

 

Date of Birth • Director of the central office of the Permanent
Secretary for Transport on capacity of secretary of
August 10, 1972 management administration
• Head of the Office of the Minister, Ministry of Transport
Educational Background • Assistant to Permanent Secretary, Ministry of
Transport : Plans and Budgets division as well as
Bachelor’s Degree aggregator responsible for public relations, media
Bachelor of Political Science, Chiang Mai University clarification for the Ministry of Transport and
Master’s Degree formulate the development strategy of investment
Master of Political Science, University of Kent planning of the Ministry of Transport in all regions
at Canterbury, United Kingdom of the country by attending the Minster and Deputy
Minister of Transport on governmental visits
Work Records • Deputy Spokesperson for the Ministry of Transport
• Head of the Office of Cooperation Services between
• International Administration, academic operational the Thai Government and People’s Republic of
transport executive, International Division, Office of China on railway system development, taking part
the Permanent Secretary of Transport as negotiator with the People’s Republic of China
• Analyst of Policy and Plan Analysis Office of the in the construction of high-speed rail projects
Transport Policy and Planning and Traffic, responsible
for analysing large investment projects Position
• Official Duty reporting to the Office of the Minister,
Ministry of Transport Director General, Department of Rail Transport
• Governmental services in Transport and Traffic
Development reporting to the Office of Policy and Plan Insignia
of Transport and Traffic with significant performance in
the development of transportation and traffic systems • Knight Commander (Second Class) of the Most Noble
and macro planning as follows : Order of the Crown of Thailand
1) Master Plan of Rail Mass Transit in Bangkok • Knight Commander (Second Class) of the Most
Metropolitan and its perimeter Exalted Order of the White Elephant
2) Master Plan for the development of the national • Knight Grand Cross (First Class) of the Most Exalted
double-track and high-speed rail system Order of the White Elephant
3) Rapid infrastructure investment plan of the State
Railway of Thailand Director’s Direct/Indirect Shareholding
4) Infrastructure investment plan to build the future
of Thailand (investment plan of 2 trillion baht) None

7

Mr. Surong Bulakul

Chairman of the Board of Directors
Expressway Authority of Thailand

 

Date of Birth • Director, Sakari Resources Ltd. (Republic of Singapore)
• Director/Nomination and Remuneration Committee,
September 15, 1955 IRPC Public Company Limited
• Chief Operating Officer, Infrastructure Business,
Educational Background PPT Public Company Limited
• Director, the Federation of Thai Industries
Bachelor’s Degree • Director, Federation of Thai Capital Market Organizations
Bachelor of Science in Industrial Engineering and Operations • President, Thai Listed Companies Association
Research, Syracuse University, New York, USA • Advisor, PTT Public Company Limited
Master’s Degree • Director, Inuoe Rubber (Thailand) Public Company Limited
• Master of Engineering in Operations Research, • Chairman of the Board, Sakari Resources Ltd.
Cornell University, USA (Republic of Singapore)
• Master of Business Administration, Cornell University, USA • Director, Provincial Electricity Authority
Degree • Director, 24M Technologies, Inc. (United States of America)
Diploma of National Defense College, The Joint State- • Director, Bangkok Industrial Gas Co., Ltd.
Private Sector Course, Class 4919, National Defense College • Vice President, The Thai Chamber of Commerce
of Thailand • Advisor, Thai Listed Companies Association
Diploma • Advisor, the Office of the Securities and Exchange
• Director Certification Program (DCP 121/2009), Commission
Thai Institute of Directors (IOD) • Director, Tiger Energy Trading Pte. Ltd.,
• Program for Management Development, Republic of Singapore
Harvard University, Boston, USA • Chairman of the Board, Global Power Synergy
• Democratic Politic Course for Executives, Class 8, Public Company Limited
King Prajadhipok’s Institute
• Advanced Management Course (CMA), Class 10, Position
Capital Market Academy
• Advanced Justice Management Course (JTI), Class 15, • Expert Committee, Institute for Justice of Thailand
College of Justice, Judicial Training Institute (Public Organization)
• Thai Intelligent Investors Course, Class 1, • Independent Director, National ITMX Co., Ltd.
Thai Investors Association • Director, Provincial Electricity Authority of Thailand
• Advanced Management Course on Energy Technology
(TEA), Class 2, Thailand Energy Academy Insignia
• Leadership Development Program (LDP), Class 2,
Thai Listed Companies Association • Commander (Third Class) of the Most Noble Order
of the Crown of Thailand
Work Records • Knight Commander (Second Class) of the Most Noble
Order of the Crown of Thailand
• Chief Executive Officer, Thai Oil Public Company Limited
• Chief Financial Officer, PTT Public Company Limited Director’s Direct/Indirect Shareholding
• President, Port Authority of Thailand
None

8

Ms. Chunhachit Sungmai Annual Report 2020  Expressway Authority of Thailand

Member representing
Ministry of Finance

 

Date of Birth Work Records

October 27, 1961 • Inspector General, Ministry of Finance
• Advisor for Fiscal System Development
Educational Background • Deputy Director- General of the Comptroller General’s
Department
Bachelor’s Degree • Director of the Bureau of Public Procurement Standards
Bachelor of Economics (Finance), Thammasat University
Master’s Degree Position
• Master of Business Administration,
Chulalongkorn University Inspector General, Ministry of Finance
• Postgraduate Diploma in Information Management
(University of Strathclyde), United Kingdom Insignia
Diploma
• Capital Market Academy (CMA) Class 29 • Knight Grand Cordon (Special Class) of the Most Noble
• Anti-Corruption Strategy High-Level Executive Class 8 Order of the Crown of Thailand
• Senior Executive on Justice Administration Class7 • Knight Grand Cross (First Class) of the Most Exalted
• Thailand National Defence College Class 56 Order of the White Elephant
• Justice Administration Course for High Level Executive • The Chakrabarti Mala Medal
Class 17
• Senior Executive : Visionary Leader Program Class 45 Director’s Direct/Indirect Shareholding

None

9

Mr. Warothai Kosolpisitkul

Member Representing
Ministry of Finance

 

Date of Birth • Executive Director of the Tax Policy Bureau,
Fiscal Policy Office, Ministry of Finance
August 18, 1968 • Executive Director of Bureau of Financial Inclusion Policy,
Fiscal Policy Office, Ministry of Finance
Educational Background • Macroeconomics Expert, Fiscal Policy Office,
Ministry of Finance
Bachelor’s Degree • Senior Advisor to Executive Director, World Bank
Bachelor of Economics (Finance and Public Finance), at Washington D.C.
Chulalongkorn University • Committee, PTT International Trading Pte. Ltd.
Master’s Degree • Committee, National Film Commission
M.A. in Economics (Econometrics), University of Memphis, • Committee, Petroleum Committee, Ministry of Energy
USA • Committee, Energy Planning and Policy Committee,
Doctoral Degree Energy Policy and Planning Office, Ministry of Energy
Doctor of Economics and Social Science, University
of Innsbruck, Austria (Australian Government Scholarship) Position
Diploma
• Advanced Management Course, Class 24 (CMA 24), Fiscal Policy Advisor (Expert Economist),
Capital Market Academy Fiscal Policy Office, Ministry of Finance
• CLMVT Banker’s Leadership Program (2017)
• Director Certification Program (DCP 242/2017), Other Current Positions
Thai Institute of Directors (IOD)
• Advanced Executive Course, Class 15/2014, • Bank Director, and Risk Management Committee Member,
Office of the Civil Service Commission (OCSC) EXIM BANK
• Comparative Tax Policy and Administration (COMTAX), • Director, NEP Realty and Industry Public Company Limited
Harvard Kennedy School of Government, USA • Advisor to the Sub-Committee for Considering and Studying
• Advanced Certificate Course in Public Administration Promotion and Problem Solving Measure in Policy Relating
and Law for Executives, Class 10/2012, College of Politics to Thai Merchant Marine, National Legislative Assembly
and Governance, King Prajadhipok’s Institute
• Executive Development Program (EDP) Class 3/2003, Insignia
Thai Listed Companies Association
Knight Grand Cross (First Class) of the Most Exalted Order
Work Records of the White Elephant

• Deputy Director-General, Fiscal Policy Office, Director’s Direct/Indirect Shareholding
Ministry of Finance
None

10

Mr. Sarawut Songsivilai Annual Report 2020  Expressway Authority of Thailand

Member Representing
Ministry of Transport

 

Date of Birth • Director, Strategy and Maintenance Planning Group,
Office of Road Maintenance
September 15, 1964 • Director General of Highway 8 (Nakorn Ratchasima)
Department of Highways
Educational Background • Deputy Director-General, Department of Highways
(Academic)
Bachelor’s Degree • Deputy Director-General, Department of Highways
Bachelor of Engineering (Civil Engineering), (Highway Maintenance)
Chulalongkorn University • Inspector General, Ministry of Transport
Master’s Degree • Director of the Office of Transport and Traffic Policy
Master of Engineering (Transportation), and Planning
Chulalongkorn University • Director-General of the Department of Rail Transport
Diploma
• Senior Executive Program Class 3 Position
• Senior Executive Development Program
• National Defence College Course Class 57 Director-General, Department of Highways

Work Records Insignia

• Civil Engineer, Planning Department, • Knight Grand Cross (First Class) of the Most Noble Order
Maintenance Division of the Crown of Thailand
• Head of the Northeast Region Road, • The Chakrabarti Mala Medal
Maintenance Administration Office • Knight Grand Cross (First Class) of the Most Exalted
• Director, Contractor Standard Section (Contractor Order of the White Elephant
Registration)
• Director of Thonburi Road Maintenance Office Director’s Direct/Indirect Shareholding
(Road District)
• Director of Bangkok Highway District None

11

Mr. Sommai Lakananurak

Member Representing
Budget Bureau

 

Date of Birth Work Records

November 5, 1960 • Budget Analyst (Specialist)
• Budget Analyst (Expert level)
Educational Background • Director of the Bureau of Economic Budgeting 3
• Advisor, Bureau of the Budget
Bachelor’s Degree
Bachelor of Arts (Political Science), Position
Ramkamhaeng University
Master’s Degree Deputy Director, the Bureau of the Budget
Master of Development Administration, Department of
Public Administration, National Institute of Development Insignia
Administration
Diploma • Knight Grand Cordon (Special Class) of the Most Noble
• National Defence College, Ministry of Defence Order of the Crown of Thailand
• Senior Executive, Class 82, Office of the Civil Service • Knight Grand Cross (First Class) of the Most Exalted
Commission Order of the White Elephant
• Knight Grand Cross (First Class) of the Most Noble Order
of the Crown of Thailand

Director’s Direct/Indirect Shareholding

None

12

Mr. Prayong Thangcharoen Annual Report 2020  Expressway Authority of Thailand

Member Representing
Budget Bureau

 

Date of Birth Work Records

January 13, 1960 • Budget Analyst (Expert Level)
• Director, Budgeting Strategic Division
Educational Background • Advisor, Budget Bureau (Expert Budget Analyst)

Bachelor’s Degree Position
Bachelor of Political Science (Public Administration),
Thammasat University Deputy Director, Bureau of the Budget
Master’s Degree
Master of Arts (Public Administration), Insignia
National Institute of Development Administration
Knight Grand Cross (First Class) of the Most Exalted
Order of the White Elephant

Director’s Direct/Indirect Shareholding

None

13

Mr. Anek Meemongkol

Member Representing
Office of the National Economic
and Social Development Board

 

Date of Birth • Plan and Policy Analyst 5, Infrastructure Division, NESDC
• Plan and Policy Analyst 6, Infrastructure Division, NESDC
March 25, 1963 • Plan and Policy Analyst 7, Infrastructure Division, NESDC
• Plan and Policy Analyst 8 Vor, Infrastructure Division,
Educational Background NESDC
• Director, Southern Region Economic and Social
Bachelor’s Degree Development Office, NESDC
Bachelor of Economics, Thammasat University • Plan and Policy Advisor, NESDC
Master’s Degree
Master of Business Administration, Position
Illinois Institute of Technology, USA
Diploma Deputy Secretary General of the National Economic
Diploma of National Defence College, the National and Social Development Board
Defence Course, Class 59, National Defence College
of Thailand Insignia

Work Records Knight Grand Cross (First Class) of the Most Noble Order
of the Crown of Thailand
• Economist 3, National Energy Office, Ministry of Science
and Technology Director’s Direct/Indirect Shareholding
• Plan and Policy Analyst 3, Infrastructure Division, NESDC
• Plan and Policy Analyst 4, Infrastructure Division, NESDC None

14

Pol. Lt. Gen. Sompong Chingduang Annual Report 2020  Expressway Authority of Thailand

Member Representing
Royal Thai Police

 

Date of Birth • Advanced Executive Course, Capital Market Academy
(CMA), Class 19
January 27, 1963 • Advanced Executive in Political Development
Management Course (Metropolitan), Class 4
Educational Background • Advanced Political and Electoral Development Course
(APED), Class 6
Bachelor’s Degree • Advanced Mass Media Executive Course, Class 6
Bachelor of Public Administration, Royal Thai Police
Cadet Academy Work Records
Master’s Degree
Master of Arts Program, National Institute of Development • Commander of Protection and Crowd Control Division
Administration • Commander of Mae Hong Son Provincial Station
Diploma • Deputy Commander of Provincial Station Region 5
• Superintendent Course, Class 45 • Deputy Commander of Narcotics Suppression Bureau
• Advanced Police Management, Class 29 (APM) • Deputy Commander of Metropolitan Police Bureau
• General Staff of Police Course, Class 15 • Commander of Border Patrol Police Bureau
• Financial and Fiscal Management Program
for Senior Executive (FME), Class 1 Position
• Advanced Governing Executive (AGE), Class 48
• Political Leadership in the New Era Course, Class 4, Commander of Immigration Bureau
King Prajadhipok’s Institute
• The National Defence Course (NDC), Class 55 Insignia
• Promotion of Peaceful Society Course (PPS), Class 1,
King Prajadhipok’s Institute Knight Grand Cross (First Class) of the Most Exalted Order
• Course on Energy Technology (TEA), Class 12 of the White Elephant

Director’s Direct/Indirect Shareholding

None

15

Rear Admiral Suvin Jangyodsuk

Qualified Member
 

Date of Birth • Commander of the Royal Sukhothai, First Frigate Fleet,
Royal Thai Fleet
June 8, 1965 • Commander of HTMS Chakri Naruebet, Helicopter
Fleet, Royal Thai Fleet
Educational Background • Chief of Staff of the Navy Commander
• Assistant to Royal Navy Ambassador (Thai/Washington)
Bachelor’s Degree • Commander of the River Fleet, Royal Thai Fleet
Bachelor of 5-year Academic, Royal Thai Naval Academy
Master’s Degree Position
Master of Arts (Political Science), Ramkamhaeng University
Diploma Commander, Bangkok Naval Base
• International Principle Warfare Officer, United Kingdom
of Great Britain and Northern Ireland Insignia
• Naval Course, Junior Officer’s Academy
• Chief of Staff RTN Course of the Navy Chief • Companion (Fourth Class) of the Most Noble Order
of Staff Academy of the Crown of Thailand
• Surface Warfare Department Head Operations Specialty • Companion (Fourth Class) of the Most Exalted Order
International and Surface Warfare Officer Advanced of the White Elephant
Ship Handling / Surface Warfare Officer School • Commander (Third Class) of the Most Noble Order
Command Newport, USA of the Crown of Thailand
• Administration and Budget Course, Office of the Royal • The Chakra Mala Medal
Thai Navy Comptroller • Commander (Third Class) of the Most Exalted Order
• Naval Academy Course, Advanced Naval Education of the White Elephant
Department • Knight Commander (Second Class) of the Most Noble
• National Defence College Course, Commonwealth Order of the Crown of Thailand
of Australia • The Silver Medal (Seventh Class) of the Direkgunabhorn
• National Defence Course for Joint State-Private Sector, • Knight Commander (Second Class) of the Most Exalted
National Defence College of Thailand (Class 61) Order of the White Elephant
• Knight Grand Cross (First Class) of the Most Noble Order
Work Records of the Crown of Thailand

• Commander of the Royal Navy Pinklao, First Frigate Director’s Direct/Indirect Shareholding
Fleet, Royal Thai Fleet
None

16

Mr. Jessada Promjart Annual Report 2020  Expressway Authority of Thailand

Qualified Member
 

Date of Birth • Director, Chu Kai Public Company Limited
• Independent Director and Audit Committee Member,
August 7, 1961 Nation Broadcasting Corporation Public Company Limited
• Regulatory Committee, Joint Venture Agreement on Color
Educational Background Television Business between MCOT Public Company
Limited and Bangkok Entertainment Company Limited
Bachelor’s Degree • Regulatory Committee, Agreement on Utilization of
Bachelor of Accounting, Thammasat University Shopping Center at Phaholyothin Triangle between State
Master’s Degree Railway of Thailand and Central Inter Patthana Co., Ltd.
Master of Accounting, Thammasat University • Audit Committee Member, Chulabhorn Royal Academy,
Diploma Chulabhorn Hospital
• Corporate Governance for Director and Senior Executive • Management Committee, Construction of Extension,
of State Enterprises and Public Organization, Class 14, Chulabhorn Hospital and Chulabhorn Medical Institute
King Prajadhipok’s Institute • Director and Chief Executive Officer (CEO),
• Ethical Leadership Program (ELP), Class 5/2016, Chu Kai Public Company Limited
Thai Institute of Directors (IOD) • Deputy Chairman, Seed MCOT Co., Ltd.
• Public Administration and Public Law, Class 12, • Executive Vice President and Chief Financial Officer (CFO),
King Prajadhipok’s Institute MCOT Public Company Limited
• Advanced Course on Strategic Management of Anti- • Director, True Visions Public Company Limited
Corruption, Class 1, Anti-Corruption Institute • Chief Financial Officer (CFO), MCOT Public Company
• TCLA Executive Development Program (EDP), Class 9, Limited
Thai Listed Companies Association • Vice President, Piyavate Hospital
• Company Secretary Program (CSP), Class 7/2004, • Director, D-Land Development Co., Ltd.
Thai Institute of Directors (IOD) • Independent Director and Audit Committee Member,
• Director Certification Program (DCP), Class 45/2004, Chu Kai Public Company Limited
Thai Institute of Directors (IOD)
• Telecommunication Management, Faculty of Engineering, Position
Chulalongkorn University
• Advanced Audit Committee Program (AACP), Class 25/2016, Advisor and Director
Thai Institute of Directors (IOD)
Director’s Direct/Indirect Shareholding
Work Records
None
• Director and Audit Committee Member,
Government Savings Bank
• Director and Audit Committee Member,
IRPC Public Company Limited

17

Mrs. Phongsaward Guyaroonsuith

Qualified Member
 

Date of Birth Position

January 25, 1967 • Deputy Secretary General, Office of the Council of State
acting on behalf of the Director of National Reform
Educational Background and Training Steering, National Strategy and the Creation of Unity
and Reconciliation Office
Bachelor’s Degree • Deputy Secretary General, Office of the Council of State
Bachelor of Laws, Thammasat University • Member of the Second Council of State Office
• Member of Law Development
Work Records • Member of National Reform Plan for State Administration

• Director, Communication Law Section Insignia
• Director, Political and Public Governance Law Section
• Director, Administrative Law Office Knight Grand Cross (First Class) of the Most Exalted Order
• Regular Legislator of the White Elephant

Director’s Direct/Indirect Shareholding

None

18

Ms. Trithip Sivakriskul Annual Report 2020  Expressway Authority of Thailand

Qualified Member
 

Date of Birth • Advisor to the Managing Director, Muang Thai Insurance
Co., Ltd.
January 15, 1966 • Advisor to the Financial Institutes Development Fund,
Bank of Thailand
Educational Background • Executive Vice President, Accounting and Finance
IRPC Public Company Limited
Bachelor’s Degree • Cost Management Consultant to the Stock Exchange
Bachelor of Commerce (Finance and Banking), of Thailand
Chulalongkorn University • Executive Vice President, Business Planning and
Master’s Degree Development, IRPC Public Company Limited
• Master of Business Administration, Sasin Graduate • Executive Vice President, Finance, IRPC Public
Institute of Business Administration of Chulalongkorn Company Limited
University • Director and Audit Committee, Superblock Public
• Student Exchange Program, Kellogg Graduate of Company Limited
Management Northwestern University, USA • Director, Sunshine Corporation Public Company
Diploma Limited
Director Certification Program (DCP), Class 158/2012, • Chief Finance Officer, Ratchaburi Electricity Generating
Thai Institute of Directors IOD Holding Public Company Limited
• Chief Financial Officer, Minor International Public
Work Records Company Limited
• Chief Finance and Accounting Officer, Ek-Chai
• Executive, Investment Banking Department, Distribution System Company Limited
Seamico Securities Public Company Limited • Deputy Managing Director, Accounting and Finance
• Financial Officer, Telecom Asia Public Company Limited Division, Pruksa Real Estate Public Company Limited
• Director, Investment Banking, Pree Green Nithi Finance • Advisor, Inception Company Limited
and Securities Company Limited • Advisor, Boutique Corporation Public Company Limited
• Director, Deloitte Touche Tohmatsu Corporate
Restructuring Company Limited Position
• Director of Asset Management 2, Thai Asset Management
Corporation Director of the State Railway of Thailand
• The Working Group of Finance of the Management
team, Thai Petrochemical Industry Public Company Director’s Direct/Indirect Shareholding
Limited (Executive from the Ministry of Finance)
None

19

Mr. Pakorn Apaphant

Qualified Member
 

Date of Birth Work Records

November 18, 1968 • Chief of Research and Development Group, Geo-
Informatics and Space Technology Development
Educational Background Agency (Public Organization)
• Guest Lecturer, Graduate School/Faculty of Engineering,
Bachelor’s Degree Kasetsart University
Bachelor of Engineering (Mechanical Engineering), • Guest Lecturer, Faculty of Social Sciences,
King Mongkut’s Institute of Technology Ladkrabang Chiang Mai University
Master’s Degree • Guest Lecturer, Faculty of Civil Engineering,
Master of Science (Engineering) - Civil Engineering, Rangsit University
Purdue University, USA • Specialist, National Disaster Warning Center
Doctoral Degree • Executive Director, Software Industry Promotion
Ph.D. - Civil Engineering, Purdue University, USA Agency (Public Organization)
Diploma • Director, Data Mining Co., Ltd.
• Political Leadership in the New Era, Class 3, • Director and Audit Committee Member, Eastern
King Prajadhipok’s Institute Commercial Leasing PCL.
• Director Accreditation Program (DAP), Class 72, 2008, • Chairman of the Board, Next Point Public Company
Thai Institute of Directors (IOD) Limited
• Audit Committee Program (ACP), Class 34, 2011,
Thai Institute of Directors (IOD) Position
• Advanced Certificate Course, Promotion of a Peaceful
Society, Class 4 (4Sor4), King Prajadhipok’s Institute • Director and Audit Committee, Geo-Informatics and
• Executive Energy Program, Class 1, The Institute Space Technology Development Agency (Public
of Industrial Energy, The Federation of Thai Industries Organization)
• Advanced Certificate Course on Politics and Governance • Member of the Board of Directors and Audit Committee,
in Democratic Systems for Executives, Class 20, Dhanarak Asset Development Co., Ltd.
King Prajadhipok’s Institute • Member of the Board, Electricity Generating Authority
of Thailand

Director’s Direct/Indirect Shareholding

None

20

Asst. Prof. Boonchai Annual Report 2020  Expressway Authority of Thailand
Sowanwanichakul

Qualified Member
 

Date of Birth • Executive Director and Computer System Procurement,
Anti-Money Laundering Office (AMLO)
May 28, 1958 • Sub-committee of Information Technology Development,
Office of the National anti-Corruption Commission (NACC)
Educational Background • Company Director, Krungthai Computer Services Co., Ltd.,
Krungthai Bank Public Company Limited
Bachelor’s Degree • Director, P.E.A. ENCOM International Co., Ltd.,
Bachelor of Engineering, Computer Engineering, Provincial Electricity Authority
Chulalongkorn University • Director, Forth Smart Service Public Company Limited
Diploma • Director, Deverhood Co., Ltd.
• Director Certification Program (DCP), Class 90/2007
• Audit Committee Program (ACP), Class 41/2012 Position

Work Records Advisor to the President, Tirathai Public Company Limited

• Professor, Faculty of Engineering, Chulalongkorn Insignia
University
• Vice Chancellor, Chulalongkorn University Knight Commander (Second Class) of the Most Exalted
• Executive Director, Geo-Informatics and Space Order of the White Elephant
Technology Development Agency (Public Organization)
• Director, Metropolitan Electricity Authority Director’s Direct/Indirect Shareholding
• Director, Provincial Electricity Authority
None

21

Mr. Surachet Laophulsuk

Governor
Expressway Authority of Thailand
Director and Secretary

 

Date of Birth • Head of Construction Management Department,
Mass Rapid Transit Authority of Thailand
April 8, 1971 • Director of Construction Administration Division 1,
Mass Rapid Transit Authority of Thailand
Educational Background • Director of Construction Management 4, Mass Rapid
Transit Authority of Thailand
Bachelor’s Degree • Director of Construction Management 2, Mass Rapid
Bachelor of Engineering (Civil), Chulalongkorn University Transit Authority of Thailand
Master’s Degree • Assistant Governor, Mass Rapid Transit Authority
• Master of Engineering (Structure Management), of Thailand
Lamar University, Texas, USA • Deputy Governor (Engineering and Construction),
• Master of Engineering (Structure) Texas Tech University, Mass Rapid Transit Authority of Thailand
USA
Diploma Position
• Public Administration and Law Course, Class 15,
King Prajadhipok’s Institute Governor, Expressway Authority of Thailand
• Executive Program for Private Investment in Public
Affairs (PEP), Class 5, Foundation of the Institute for Insignia
Research and Development for Public Organizations
(IRDP) • Member (Fifth Class) of the Most Noble Order
• Senior Executive Program, Class 28, Capital Market of the Crown of Thailand
Academy (CMA) • Member (Fifth Class) of The Most Exalted Order
• Politics and Government in Democracy Course for of the White Elephant
senior management, Class 21 • Companion (Fourth Class) of the Most Noble Order
of the Crown of Thailand
Work Records
Director’s Direct/Indirect Shareholding
• Bridge Engineer, J. Muller International (JMI), USA
• Engineer for Construction, Mass Rapid Transit Authority None
of Thailand

22

Mr. Damkerng Pankam Annual Report 2020  Expressway Authority of Thailand

Deputy Governor for Operations
Acting Governor
Expressway Authority of Thailand
Director and Secretary

 

Date of Birth • Legal Officer 7 : Chief of Disciplinary Division,
Legal Affairs Division, Leyal Department
October 17, 1962 • Executive officer 8 : Director of Legal Affairs Division
• Executive officer 8 : Director of Land Ownership
Educational Background Division, Land Ownership Department
• Executive Officer 9 : Director of Toll Collection
Bachelor’s Degree • Deputy Governor of Operations
Bachelor of Laws, Thammasat University
Diploma Position
• Thai Bar Association Institute of Legal Education
of the Bar Association • Deputy Governor for Operations, Acting Governor,
• Graduate in Business Law (1 year) Faculty of Laws Expressway Authority of Thailand
Thammasat University
• English for Lawyers (1 year) Insignia
Sukhothai Open Thammathirat University
• Companion (Fourth Class) of the Most Exalted Order
Work Records of the White Elephant
• Companion (Fourth Class) of the Most Noble Order
• Legal Officer 4, Legal Division of the Crown of Thailand
• General Administrative Officer 7, Head of Collection • Member (Fifth Class) of the Most Exalted Order
Department Sukhumvit 62, Toll Collection Department of the White Elephant
• General Administrative Officer 7
• Legal Officer 7 : Legal Department (Assistant Governor) Director’s Direct/Indirect Shareholding

None

23

Mr. Wichan Ekarintrakul

Advisor to the Governor (Administrative)
Acting Deputy Governor for Strategy
and Planning, Acting Governor
Expressway Authority of Thailand
Director and Secretary

 

Date of Birth • Director of Policies and Planning Department
• Deputy Governor (Academic)
May 25, 1964 • Deputy Governor (Strategy and Planning)
• Advisor to the Governor (Administrative)
Educational Background
Position
Bachelor’s Degree
Bachelor of Engineering (Civil), Chulalongkorn University Advisor to the Governor (Administrative),
Master’s Degree Acting Deputy Governor for Strategy and Planning,
Master of Engineering (Traffic and Transport Engineering), Acting Governor, Expressway Authority of Thailand
Chulalongkorn University
Diploma Insignia
• Principle Course Class 55, Royal Thai Army War
College • Companion (Fourth Class) of the Most Exalted Order
• Senior Executive of Anti-Corruption Strategy Class 7, of the White Elephant
Office of National Anti-Corruption Commission year • Companion (Fourth Class) of the Most Noble Order
2016 of the Crown of Thailand
• Member (Fifth Class) of the Most Exalted Order
Work Records of the White Elephant
• Member (Fifth Class) of the Most Noble Order
• Head of Engineering Sub-Division on Expressway 1 of the Crown of Thailand
• Director of Expressway Engineering Division
• Director of Projects Planning and Analysis Director’s Direct/Indirect Shareholding

None

24

Mr. Suchart Chonsakpipat Annual Report 2020  Expressway Authority of Thailand

Governor
Expressway Authority of Thailand
Director and Secretary

 

Date of Birth Work Records

July 3, 1960 • Engineer 4, Expressway Project Office
• Chief of Expressway Engineering Section 2, Expressway
Educational Background and Training Engineering Division, Expressway Project Department
• Director of Expressway Engineering Division 1,
Bachelor’s Degree Expressway Project Department
Bachelor of Engineering, Chulalongkorn University • Director of Expressway Construction Department
Master’s Degree • Deputy Governor for Construction and Maintenance
• Master of Engineering Science, The University of
New South Wales, Australia Position
• Master of Business Administration,
Chulalongkorn University Governor, Director and Secretary of Expressway Authority
Doctoral Degree of Thailand
Doctor of Philosophy Program in Public Administration,
National Institute of Development Administration Insignia
Diploma
• Micro Master of Business Administration Program, • Member (Fifth Class) of the Most Noble Order
Thammasat University of the Crown of Thailand
• Financing Urban Transport Infrastructure Course, • Member (Fifth Class) of the Most Exalted Order
The Canadian Universities Consortium Urban of the White Elephant
• Workshop Course on Monitoring and Assessment • Companion (Fourth Class) of the Most Noble Order
System for the Public Debt Management Office Project, of the Crown of Thailand
Ministry of Finance • Companion (Fourth Class) of the Most Exalted Order
• Politics and Governance in Democratic Systems for of the White Elephant
Executives Course, Class 20, King Prajadhipok’s Institute
Director’s Direct/Indirect Shareholding

None

25

Organization Structure and Manpower

Committees as appointed by

Office of Governor Advisor to Governor

General Affairs Public Relations Division Good Governance Division Business Development Expert (Administration)
and Conference Division •• MPuabslsicReRlealtaiotionns sSeScetciotionn and Marketing Division Expert (Engineering)
• General Service Section • Public Relations Media and Information Expert (Law)
• Conference Coordination Section System Development Section • Information Analysis and Dissemination • Business Development Section
• Conference Document Section • Expressway Information Service Section • Marketing and Market Research Section
Section • Customer Relationship Section

• Activity Promotion for Society

and Community Division
• Compliance Development Section

Deputy Governor for Administration Deputy Governor for Strategy and Planning Deputy Governor for Law &
Land Acquisition

General Administration Treasury and Accounting Policy and Planning Information Technology
Department Department Department Department
Land Acquisition
Personnel Division Finance Division Planning and Project Work System Division Research and Department Legal Department

• Personnel Affairs • Finance Section Analysis Division • Finance Computer Development Land Acquisition Division Litigation Division
• Disbursement Audit Division
Development Section • Planning Section Work System Section • Survey Section • Administration
Section 1 • Engineering Analysis • Traffic Research • Appraisal Section
• Recruitment • Operation Computer • Verification Section Litigation Section
• Disbursement Audit Section and Development • Property Acquisition Section
and Appraisal Section Work System Section Section • Appeal and Grievance Section • Civil Litigation
Section 2 • Economic and Financial • Land Acquisition Data and
• Personnel Affairs • Office Computer • Quality Control, Section
Accounting Division Analysis Section Management Service Section
Information Section Work System Section Test and Standard • Arbitration Section
• Consolidate Evaluation Division Development Property Development • Enforcement
Benefit and Employee Division • Geoinformatics Section and Right of Way Maintenance
Accounting Section • Evaluation Section Division 1 Section
• General Welfare Section • Statistics Section Computer Work System • Research and
• Fringe Benefit Section • Cost Accounting Section • Property Planning Section 1 Legal Affairs Division
• Employee Relationship Section Environmental Development • Property Management
• Occupational Safety and Section Management Division Computer Operations Division Administration • Contract Section
Section Section 1 • Disciplinary Section
Healthy Environment Section Budget Division • Environmental Analysis • Computer Control and • Legal Affairs Section
• Revenue Collection Section 1 • Appeal and
Human Resource Development • Operating Budget Section Maintenance Section • Right of Way Maintenance
Division Regulation Section
Analysis Section • Environmental Impact • Computer Network Section Section 1
• Personnel Section • Planning and Information
• Knowledge Management Section • Capital Budget Analysis Monitoring and • Right of Way Maintenance
Evaluation Section System Safety Section
and Formulation Section Section 2

• Budget Monitoring and • Right of Way Maintenance
Evaluation Section
Supply Service Division Section 3

• Procurement Section Revenue Audit Division Property Development and Right
• Outsourcing Section of Way Maintenance Division 2
• Supply Section • Revenue Audit Section 1
• Revenue Audit Section 2 • Property Planning Section 2
Working System Development • Revenue Audit Section 3 • Property Management
Division
Finance and Funds Section 2
• Quality Assessment and Management Division
• Revenue Collection
Organizational Development • Finance Management Section Manpower
Section • Funds Management Section Section 2
Number of the Staff Classified Classified by Educational
• Working System Development by Level (Person) Background (Person) • Right of Way Maintenance

Section Section 4

Top Executive (Governor) 1 Doctoral Degree 7 • Right of Way Maintenance
Executive Level 11 4 Master’s Degree or Equivalent 410
Executive Level 10 1 Bachelor’s Degree or Equivalent 2,016 Section 5
Executive Level 9 8
Governor 1 Executive Level 8 45 Diploma Degree or Equivalent 1,209 • Right of Way Maintenance
Vocational Certificate or 647
Deputy Governor 5 Executive Level 7 172 Equivalent Section 6

Advisor to Governor 1 Executive Level 4-6 2,885 High School 507
Assistant Governor 1
Expert 3 Executive Level 1-3 1,744 Junior High School 42
Total Staff 4,860
Executive, Department Level 12 Employees 580 Compulsory Education 21
Total 4,859
Executive, Division Level 45
Executive, Section Level 170 * Number of the Staff/Employees Classified by Educational Background
except the Governor

26

EXAT’s Board of Directors Audit Committee Structure and the Division of Work Annual Report 2020  Expressway Authority of Thailand
Governor of the EXAT as per the EXAT’s Order 67/2561

Dated 9 April 2018

Internal Audit Office

Internal Audit Section 1 Internal Audit Section 2
• Internal Audit Section 1 • Internal Audit Section 4
• Internal Audit Section 2 • Internal Audit Section 5
• Internal Audit Section 3 • Internal Audit Section 6

Deputy Governor for Construction and Maintenance Deputy Governor of Operation Assistant Governor

Expressway Construction Maintenance Traffic Control Department Toll Collection Department
Department Department

Expressway Engineering Division 1 Maintenance Division Traffic Management Division Toll Collection Division 1 Operation Planning Risk Management
Division and Internal Control Division
• Expressway Engineering Section 1 • Expressway Maintenance • Traffic Management Section 1 • Din Daeng Toll Collection Section
• Expressway Engineering Section 2 • Traffic Management Section 2 • Bang Na Toll Collection Section • Toll Collection • Risk Management
• Expressway Engineering Section 3 Planning Section • Traffic Management Section 3 • Dao Khanong Toll Collection Section
• Traffic Management Section 4 • Sukhumvit 62 Toll Collection Section Planning Section Development Section
Expressway Engineering Division 2 • Expressway Inspection and • Suksawat Toll Collection Section
Rescue Division • Phetchaburi Toll Collection Section • Safety and Traffic • Risk Management Evaluation
• Expressway Engineering Section 4 Maintenance Section 1
• Expressway Engineering Section 5 • Rescue Section 1 Planning Section Section
• Expressway Engineering Section 6 • Expressway Inspection and • Rescue Section 2
• Rescue Section 3 Toll Collection Division 2 • Core System Internal Control
Drawing and Construction Division Maintenance Section 2 • Rescue Section 4
• Pracha Chuen Toll Collection Section Section
• Engineering Section • Bridge Maintenance Section Traffic Communication and •• YRoatmchmaadraapt hTiosellkCToollllecCtoiollnecSteiocntioSnection
• Architectural Section Special Operation Division •• BHaunagLSaumepThoolnl gCoTlolellcCtioolnleSceticotnioSnection • Support System Internal
• Construction Section Building and General Property •• ASasothkoTnoTlloClloClloelclteioctnioSneScteioctnion
• Administration Section Maintenance Division • Traffic Communication •• SSri iSnaamgaarinndTroallTCoollllCeocltlieocntiSoenctSieocntion Control Section
• Bang Pa-in Toll Collection Section
General Construction Division • Building Maintenance Section 1 Section 1
• Building Maintenance Section 2
• Administration Section 1 • General Property Maintenance • Traffic Communication
• Administration Section 2
• Administration Section 3 and Gardening Section 1 Section 2

• General Property Maintenance • Special Operation Section

and Gardening Section 2 Toll Collection Division 3

Equipment Maintenance Division

• Planning and Equipment
Maintenance Section
•• TToollll Collection Equipment Section 1 • Bang Na Km.6 Toll Collection Section
Collection Equipment Section 2 • Bang Phli Toll Collection Section
•• TToralflfiCcoClloencttrioonl EEqquuipipmmeennttSSeeccttioionn 3 • Bang Samak Toll Collection Section
• E-Business Database Management • Chon Buri Toll Collection Section
and Development Section • Ram Inthra Toll Collection Section
• Pracha Uthit Toll Collection Section
Electrical Maintenance Work • At Narong Toll Collection Section
and Vehicles Division
Toll Collection Division 4 Number of the staff and employees in each
• Expressway Lighting Maintenance EXAT’s key internal section as of the said year-
• Bang Khun Thian end and three retroactive years
Section 1
Toll Collection Section Type Number (Persons)
• Expressway Lighting Maintenance 2020 2019 2018 2017
• Bang Mueang
Section 2 Staff 4,860 4,795 4,768 4,787
Toll Collection Section
• Building and Toll Plaza Electrical Employees 580 613 624 613
• Thepharak
System Section 1
Toll Collection Section
• Building and Toll Plaza Electrical
• Bang Kaeo
System Section 2
Toll Collection Section
• Mechanical and Vehicles Section
• Bang Khru

Toll Collection Section

E-Business Services Division

• Clearing Account Center Management Section
• Automatic Card Management Section
• Customer Service Section
• E-Business Service Development Section

27

EXAT’s Executives

Expressway Authority of Thailand

28

Mr. Surachet Laophulsuk Annual Report 2020  Expressway Authority of Thailand

Governor of Expressway
Authority of Thailand

Mr. Wichan Ekarintrakul

Advisor to Governor (Administration),
Acting Deputy Governor for Strategy
and Planning

Mr. Dumkerng Pankam

Deputy Governor for Operation

29

Mr. Somporn Somabot

Deputy Governor for Law
and Land Acquisition

Mrs. Tasanuch Thammachot

Deputy Governor for Administration

Mr. Chatri Tansiri

Director of Expressway
Construction Department,
Acting Deputy Governor
for Construction and Maintenance

30

Mrs. Benchamas Piyachotisukit Annual Report 2020  Expressway Authority of Thailand

Assistant Governor

Mrs. Sujinda Jarujit

Director of Office of the Governor

Mrs. Aoy-atchara Rungrattanaubol

Director of Internal Audit Office

31

Lieutenant Junior Grade Sanaw
Puthawong

Director of Information
Technology Department

Mrs. Chinnanat khunjaroen

Director of Maintenance
Department

Mr. Pramonrat Chinnarong

Director of Land Acquisition Department
Acting Director of Legal Department

Mr. Sombat Suraprasit

Director of Traffic
Control Department

32

Mr. Chai Gaewpeng Annual Report 2020  Expressway Authority of Thailand

Director of Toll Collection
Department

Mrs. Pathamawadi Juangpanich

Director of Supply Service Division
Acting Director of General
Administration Department

Ms. Tanaporn Artornmit

Director of Finance Division
Acting Director of Treasury
and Accounting Department

Mrs. Kunthon Rabuepin

Director of Evaluation Division
Acting Director of Policy
and Planning Department

33

Executives’s Profile and Remuneration

1. Mr. Surachet Laophulsuk

Position Governor of Expressway Authority of Thailand

Date of Birth April 8, 1971

Education • Bachelor’s Degree - Bachelor of Engineering, Chulalongkorn University

• Master’s Degree - Master of Engineering, Lamar University
- Master of Civil Engineering, Texas Tech University

Training Records • Public Administration and Law for Executives Program
• Public-Private Partnerships for Executive Program (PEP), 5th batch,
Policy Research and Development Institute Foundation (PRI)
• Capital Market Academy Program
• Governance in Democratic Systems for Executives Program

Work Records Deputy Governor (Engineering and Construction), Mass Rapid Transit Authority of Thailand

2. Mr. Wichan Ekarintrakul

Position Advisor to Governor (Administration), Acting Deputy Governor for Strategy and Planning

Date of Birth May 25, 1964

Education • Master’s Degree - Master of Engineering, Chulalongkorn University

Work Records • Director of Expressway Engineering Division 1, Expressway Construction Department
• Director of Planning and Project Analysis Division, Policy and Planning Department
• Director of Policy and Planning Department
• Deputy Governor of Strategy and Planning

3. Mr. Dumkerng Pankam

Position Deputy Governor for Operation

Date of Birth October 17, 1962

Education • Bachelor’s Degree - Bachelor of Laws, Thammasat University

- Barrister-at-Law, Institute of Legal Education, Thai Bar Association

Work Records • Director of Legal Affairs Division, Legal Department
• Director of Land Acquisition Division, Department of Land Acquisition
• Director of Toll Collection Department

34

4. Mr. Somporn Somabot Annual Report 2020  Expressway Authority of Thailand

Position Deputy Governor for Law and Land Acquisition

Date of Birth April 9, 1960

Education • Bachelor’s Degree - Bachelor of Laws, Chulalongkorn University
- Barrister-at-Law, Institute of Legal Education, Thai Bar Association

Work Records • Director of Litigation Division, Legal Department • Director of Toll Collection Department
• Director of General Administration Department • Director of Legal Department

5. Mrs. Tasanuch Thammachot

Position Deputy Governor for Administration

Date of Birth September 11, 1964

Education • Bachelor’s Degree - Bachelor of Arts, Thammasat University
• Master’s Degree - Master of Political Science, Thammasat University

Work Records • Director of Corporate Governance and Organization Value Management Division,
Treasury and Accounting Department
• Director of Organization Development Division
• Director of General Administration Department

6. Mr. Chatri Tansiri

Position Director of Expressway Construction Department, Acting Deputy Governor for Construction
and Maintenance

Date of Birth February 27, 1971

Education • Bachelor’s Degree - Bachelor of Engineering, Khon Kaen University
- Bachelor of Laws, Thammasat University

Work Records • Director of Expressway Engineering Division 1

7. Mrs. Benchamas Piyachotisukit

Position Assistant Governor
Date of Birth April 19, 1960
Education • Bachelor’s Degree - Bachelor of Laws, Ramkhamhaeng University

Work Records • Director of Legal Affairs Division
• Administration Officer 8 on duty of the Governor
• Director of Office of Governor

Remuneration for senior management Unit : Million Baht
2019 2020
Items 2018

Remuneration for management 12.81 15.04 17.66

Remarks : The remuneration for management consisted of salary and bonus of the Governor, Deputy Governor,
and Assistant Governor.

35

Personnel Development

Expressway Authority of Thailand (EXAT) pays attention to personnel development or improvement
of our employee capacity at all levels based on the personnel development plan under the EXAT’s
strategies and the three personnel capabilities namely Core Competency, Functional Competency and
Managerial Competency as well as the Training Roadmap and the Individual Development Plan (IDP).
Accordingly, we mainly focus on the main capacity of our organization while preparing for the upgrade
retirement and specific changes facing.

In the 2020 financial year followings are the important annual personnel development plans.
1) Knowledge, skills and capacity development for executives and personnels at all levels to ensure
professional performance and readiness to welcome the digital era.
2) Personnel development toward righteousness, ethical conducts and good governance.
3) Promote various learning processes and approaches while systematically and continuously
promote the organization’s culture.
4) Promote organization’s knowledge management alongside working innovation.
5) Develop information technology system, support internal personnel development and learning.
6) Personnel development based on “work life balance” to improve the employee’s working life.
For the 2020 budget year, EXAT organizes 48 trainings, seminars and site visits for executives and
employees apart from the those external trainings with both the public and private sectors. Moreover,
employees have been provided the advance education at the master’s and doctoral degrees. During the
COVID-19 incident, EXAT has turned to E-Learning for training accompanied with the Facebook Live system.

36

Code of Ethics Practice by Annual Report 2020  Expressway Authority of Thailand
Expressway Authority of Thailand

Code of Ethics identifies all rules of professional conducts committed by the EXAT’s employees
to maintain and promote their honor and status while upholding their mindset for righteousness and
ethical conduct.

“Ethical conduct” composes of morality and doctrine whereas “morality” refers to any or certain
appropriate conducts. “Doctrine,” Moreover, is of various meanings i.e. goodness, religious teaching,
conduct principles etc. Thereby the meaning given by the two combined terms of “ethical conduct”
directly means “principles of conducts” or “ways of conducts.”

Accordingly, EXAT refers to Ethical Conduct as behavioral principles among all employees based
on honesty and accuracy toward the organization and all stakeholders as well as the public at large and
the society aiming to achieve the highest goal as being the leading state enterprise of the country.

Apparently “ethical conduct” or “code of ethics” shares the same goal toward good practices
by various persons or organizations either for oneself and the others. It is the practice with proper reasoning
and consideration with the high consciousness.

EXAT, with our main responsibility to solve the traffic problems in Bangkok Metropolitan Area (BMA)
including various transportation lines leading toward development of the logistic system internally through
the good governance approach, we, therefore, determine to establish realization of good governance
among our employees with well recognition and trust by relevant stakeholders and the public at large.
In order to achieve the aforementioned goal, all EXAT employees must enhance the well outcomes
to ensure that all relevant stakeholders, service users and people at large are well aware of the code
of conduct strictly followed by all EXAT’s officials and employees.

As of the 2011 budgeting year EXAT recompiled the organization’s code of conduct with wordings
that communicate how their employees seriously follow the established ethical principles for which it is
of the “HEARTS” abbreviation meaning that “working with one’s heart.”

HEARTS

Determination to “work with one’s heart” comprises of the following principles which shall be
holding by all working staff.

HE A R T S

Honesty Equity/Equitable Accuracy Responsibility Transparency Society
Treatment

“Accuracy, Honesty, Equity, Responsibility, Transparency, Society”

Thereby, EXAT recompiles its Code of Conduct for the modern era requirement approved by
the EXAT Board in the 4/2018 meeting organized on 25 April 2018.

37

EXAT’s Corporate Governance Reinforcement Guidelines

Good Corporate Governance Policy

Expressway Authority of Thailand’s main operating objectives are to alleviate traffic congestion
problem in the zone of the Bangkok Metropolitan Region in order to reduce national economic loss and
perform its business for financial stability and sustainable growth. Efficient management and good corporate
governance are considered crucial to achieve such objectives.

EXAT’s Board of Directors has an intention to reinforce EXAT to be the efficient organization in business
operation and corporate governance with excellent management, focusing on convenient, fast and safe
service provided for expressway users, including transparency and accountability. Therefore, EXAT’s Board
of Directors, executives and staffs are required to adhere to “the seven principles of international good
corporate governance standard” as follows :

1. Accountability Accountable to the outcome of their duty performance
2. Responsibility Aware of duty to provide good service to expressway users
or stakeholders through capability and adequate efficiency
3. Equity/Equitable treatment Treat stakeholder(s) equitability
4. Transparency Perform their tasks transparently, disclose information
and be accountable
5. Value creation Increase operating capability in all dimensions to enhance
competitive advantage and add value to business both
in short and long terms
6. Ethics Follow EXAT’s code of morality and ethics
7. Participation Allow public participation to express public opinion regarding any
operation which may affect the environment, health, quality of life
and livelihood of community or locality

EXAT’s Board of Directors has assigned Good Corporate Governance Sub-committee to perform
the duty to establish policies, strategies, goals and implementation plans on good corporate governance;
supervise, monitor and promote the operations in accordance with good corporate governance guidelines.

EXAT’s Board of Directors acknowledged this policy in the meeting No. 6/2010 on June 28, 2010.

Summary of EXAT’s Corporate Governance

Independent Director in EXAT’s Board of Directors
In the meeting No. 8/2003 on July 30, 2003, EXAT’s Board of Directors resolved to approve

the definition of “independence” of the director of EXAT’s Board of Directors as follows. “Independence”
of EXAT’s director means the independence of the external directors, e.g. qualified persons from
the private sector, independent organization or educational institution, to exercise his/her own discretion
for decision, make a real independent action and to be able to change or restrain directly any actions
when it is deemed necessary. He/she must not have any business relationships, expectation of benefit
or any other relationship, including either direct or indirect interest, with executives of the affiliated state-
owned enterprise, ministries, agencies or companies concerned.

In the fiscal year 2020, the EXAT’s Board of Directors consisted of four qualified members, as follows :
1. Rear Admiral Suvin Jangyodsuk 3. Ms. Trithip Sivakriskul
2. Mrs. Phongsaward Guyaroonsuith 4. Asst. Prof. Boonchai Sowanwanichakul

38

Performance of the Independent Board of Directors Annual Report 2020  Expressway Authority of Thailand
At the meeting, 1/2020 of the Independent Board on July 16, 2020, has passed a resolution requiring

EXAT to propose the report of the Meeting No. 1/2020 of the Independent Board on July 16, 2020 to
the EXAT’s Board of Directors for consideration. At the meeting No. 12/2020 of the EXAT’s Board of
Directors on September 14, 2020, it resolved approval for EXAT continuing perform as follows :

1. The organization of EXAT
Resolution : 1) Accelerate the creation of leadership project for middle-level executives and
above to change the way of thinking (mindset) of executives who will grow to be high-level executives
in the future to be omniscien, knowledgeable in work, confident in the correctness of operations, dare
to think, dare to decide, dare to take responsibility to create a new generation of executives that will
gradually lead to branding and changing EXAT to be a modern organization.
2) Accelerate EXAT’s executives and employees’ unity by creating employees’
participation in many areas to achieve unity and join forces together to complete the work. These include
listening to the voice from lower-level employees to know their opinions, and the EXAT’s Governor
can discuss EXAT’s operations with all Deputy Governors to go together in the same story and reflect
the concept of operation down to the lower-level employees to share in the same direction and unity.
3) Accelerate and strengthen the Deputy Governor’s competency to be smart and
knowledgeable to be able to manage the work of EXAT, which is a large organization with strength, which
may increase training or allow specialists to assist coaching in certain areas.
4) Expedite methods or projects that will help develop and complement
the executives who will grow up at each level.
2. The role of the EXAT’s Board of Directors and the organization
Resolution : EXAT must accelerate the organization’s strength and unity for content and methods
for presenting the meeting agenda to the EXAT’s Board of Directors for consideration. If the organization
is strong and has a body of knowledge presented, it will answer questions and clarify in all areas for
the Board’s consideration. When the organization is strong, it will have a position to present and explain
and give the directors reasons to make the presentation successful. In this regard, the EXAT’s Board of
Directors has a role and duty to direct the policy and set the operational direction, driven by the EXAT’s
Governor, will not go into details of the organization’s operations. For example, at present, agencies in EXAT
presents the EXAT’s Board of Directors meeting’s agenda, which is the subject of details of EXAT’s
operations that should be discussed to reach a unified resolution. But agencies in EXAT still brought
the said matter to the EXAT’s Board of Directors meeting for approval instead. Therefore, the EXAT Board
of Directors has to consider work that is too detailed, which should not be so. If the organization operates
regularly, it can cause the organization to fail. Therefore, the organization should be strengthened to be
a coalition that drives the operations parallel with the EXAT Board of Directors’ supervision.
3. CG of the agency for procurement
Resolution : EXAT must emphasize and improve the CG of the procurement department to have better
work efficiency by improving the procurement process from the process of issuing various requirements,
such as the draft scope of work (TOR), etc., to be thorough and complete correctly. EXAT had many
procurement risks in the past, which may arise from misunderstandings or communication and coordination
between internal and external departments. This causes the procurement process to be delayed and time-
consuming, congested in many areas, and affecting employees’ trust and the corporate image.

Respect for Stakeholders’ Interest
EXAT has operated by considering stakeholder impacts. Based on the preliminary study of stakeholders

in terms of consequential relations by groups of influence and of concern and by social and environmental
responsibility, the stakeholders are categorized and prioritized into seven main groups, namely expressway
users, the government sector as owner, EXAT’s employees, people affected by land expropriation, business

39

partners, communities surrounding exclusive right of way and society. EXAT has established the policy for
equitable and impartial treatment of the stakeholders and the rights of all stakeholder groups have been
taken into consideration as well.

Information Disclosure and Transparency
EXAT foresees the importance of information disclosure of information and operating transparency due

to the significance of information for decision making of all internal and external related parties as well as
evaluation of organizational efficiency. Based on equitable treatment, EXAT provides appropriate, accurate,
reliable and up-to-date financial and non-financial information to stakeholders through various channels
such as annual report, Internet, Intranet, EXAT Call Center and internal & external public relations activities
via media. Information disclosure under the Official Information Act B.E. 2540 (1997) is also carried out.
The building of EXAT’s Information Center was constructed in 2011 to facilitate the service users.

In addition, EXAT has monitored and assessed the internal control and risk management and proposed
the assessment result to the executives and the Risk Management Committee for approval before submitting
to the Board of Directors for acknowledgement on schedule.

Ethics and Morality Promotion
EXAT organizes trainings/seminars/activities to promote morality and ethics among its employees and

disseminates knowledge of the Ethics Guidelines, e.g. OJT Tour : HEARTS to HEART, EXAT CG Day, quiz contest
on good corporate governance and EXAT’s practical ethics, creation of Facebook Fanpage EXAT CG, etc.
In addition, all employees have been designated to annually prepare reports on conflict of interest to the governor,
or in case of either newly appointed or where conflict of interest occurs during the year. From October 2019
to September 2020, no conflict of interest committed by EXAT’s employees was found.

Corporate Governance Monitoring and Evaluation
The State Enterprise Policy Office (SEPO), Ministry of Finance, had a policy whereby the EXAT shall

adopt the State Enterprise Assessment Model (SEAM) to evaluate its performance, with good corporate
governance and organizational leadership as part of the evaluation of core business enablers. To achieve
such evaluation criteria, EXAT has carried out in compliance with the procedure of Deming Cycle. Good
corporate governance annual plan has been established in accordance with SEPO’s Principles and
Guidelines on Corporate Governance of State-Owned Enterprise 2019 by applying the seven principles
of international corporate governance (CG) standard, namely Accountability, Responsibility, Equitable
Treatment, Transparency, Value Creation, Ethics and Participation to the nine plans consisting of :
1) Government sector’s roles 2) Rights and equity of shareholders 3) The Board of Directors 4) Roles of
stakeholders 5) Sustainability and innovation 6) Information disclosure 7) Risk management and internal
control 8) Code of ethics 9) Performance monitoring

EXAT has determined that the said plan is implemented (Do) whereas CG implementation in all
eight sections are monitored and the result of CG performance is collected (Check) ; and the result
of each section is analyzed and evaluated for further improvement (Act). EXAT presented the result
of the CG performance to the quarterly meetings of Corporate Governance Sub-committee and EXAT’s
Board of Directors for acknowledgement.

Corporate Governance Information
EXAT has communicated the corporate governance policy and guidelines to the Board of Directors

and employees for acknowledgement and observance. Other news information relating to good corporate
governance has been publicized through publication media such as circulation, posting a notice at EXAT’s office
buildings, EXAT Sound, publication leaflets, internal and external magazines, Digital Signage, Roll up, Internet
and Intranet. EXAT has also occasionally emphasized on the meetings, trainings and seminars, and activities,
etc. The general public can access the said information from EXAT’s annual report and information channel.

40

EXAT’s Board of Directors
Annual Report 2020  Expressway Authority of Thailand
Management Structure

of the Expressway Authority of Thailand’s Board of Directors

• Executive Board of Directors

• Audit Committee

• Committee for Enterprise Relations

• Risk Management Committee

• The Independent Board

• Sub-committee for Legal Affairs

• Sub-committee for Good Corporate Governance

• Sub-committee for Screening the Governor’s Action Plan and Assessment
of the Governor’s Performance

• Sub-committee for Coordination of Expressway Traffic Management

• Sub-committee for Development and Management of Expressway Right of Way

• Sub-committee for Digital Technology for Service and Organizational Management

• Sub-committee for Scrutinizing, Regulating and Expediting the Disbursement
of Fiscal Budget of the Expressway Authority of Thailand

• Sub-committee for Monitoring Operations in the State Enterprise Plan
of the Expressway Authority of Thailand (Change Agent)

• Sub-committee for Recruitment and Consideration of the Remuneration of the EXAT’ s
Chief Financial Officer (CFO)

• Sub-committee for Recruitment of the EXAT’s Governor

• Sub-committee for Consideration of the Remuneration of the EXAT’s Governor

• Sub-committee for Consideration of the Guidelines on Handling Procedures
for the Dispute under the Agreement on the Second Stage Expressway System Project
and under the Agreement on Expansion on the Second Stage Expressway System Project
(Part D) between Expressway Authority of Thailand (EXAT) and Bangkok Expressway
and Metro Public Company Limited (BEM) and the Dispute under the Agreement on
the Bang Pa-in-Pak Kret Expressway Project between Expressway Authority of Thailand
(EXAT) and Northern Bangkok Expressway Company Limited (NECL)

• Sub-committee for Knowledge and Innovation Management

• Sub-committee for Selection of Deputy Governor for Strategy and Planning and Deputy
Governor for Construction and Maintenance

41

Committees and Sub-Committees

The Board of Directors appoints committees and sub-committees to perform their duties as stipulated
by applicable laws and as assigned by the Board of Directors for EXAT’s interests as detailed below.

1. Committees appointed in accordance with applicable laws :

• Audit Committee
• Committee for Enterprise Relations
• Coordination Committee for Second Stage Expressway System Project
• Coordination Committee for Bang Pa-in-Pak Kret Expressway Project

2. Committees and sub-committees appointed to perform duties as assigned
by the Board of Directors

• Executive Committee of the Expressway Authority of Thailand
• Sub-committee for Development and Management of Expressway Right-of-Way
• Sub-committee for Legal Affairs
• Sub-committee for Screening the Governor’s Action Plan and Assessment of the Governor’s Performance
• Sub-committee for Recruitment of the EXAT’s Governor
• Sub-committee for Consideration of the Remuneration of the EXAT’s Governor
• Sub-committee for Good Corporate Governance
• Risk Management Committee
• The Independent Board
• Sub-committee for Coordination of Expressway Traffic Management
• Committee for Oversight of Si Rat-Outer Bangkok Ring Road Expressway Project
• Sub-committee for Monitoring Operations in the State Enterprise Plan of the Expressway Authority
of Thailand (Change Agent)
• Sub-committee for Digital Technology for Service and Organizational Management
• Sub-committee for Scrutinizing, Regulating and Expediting the Disbursement of Fiscal Budget
of the Expressway Authority of Thailand
• Sub-committee for Solutions to Document of Land Title in Kathu District Being Constructed as Part
of Right of Way of the Kathu-Patong Expressway Project in Phuket

42

EXAT’s Board of Directors Meeting in the fiscal year 2020, the EXAT Board of Directors held a total of 15 Annual Report 2020  Expressway Authority of Thailand
meetings with the list of EXAT Board members, number of attendances, and remuneration (meeting allowance,
monthly remuneration and director’s bonus) as follows :

Expressway Authority of Thailand (EXAT Board)

Director’s bonus
after deducting
Name/Agency Position Term of office No. of Meeting Monthly the absence
meeting allowance remuneration of annual meeting
attended for the fiscal
(Baht) (Baht)

year 2020 (Baht)

1. Mr. Sorapong Paitoonphong Chairperson Sep 15-30, 2020 - - 10,666.67 -
Director General, of Board (appointed by
Department of Railway of Directors the Cabinet Resolution
Transport on Sep 15, 2020)

Mr. Surong Bulakul Jul 10, 2018- 15/15 275,000 229,333.33 131,388.39
• Expert Committee, Sep 14, 2020
Institute for Justice (Appointed by Cabinet 12/15 180,000 114,516.13 104,973.11
of Thailand (Public Resolution on Jul 10, - - 5,483.87 -
Organization) 2018, effective from 116,774.19
• Independent Director, Jul 10, 2018) 14/15 200,000 25,483.87 107,043.01
National ITMX Co., Ltd. 4/4 60,000 94,516.13 23,360.21
• Member of the Board 10/11 160,000 86,639.78
of Directors, Provincial
Electricity Authority

2. Ms. Chunhachit Sungmai Representative Oct 18, 2019-
Inspector General, Director Sep 30, 2020
Ministry of Finance of Ministry (appointed by agency)
of Finance

Mr. Warothai Kosolpisitkul Jul 13, 2018-
Fiscal Policy Advisor, Oct 17, 2019
The Fiscal Policy Office (appointed by agency)

3. Mr. Sarawut Songsivilai Representative Oct 11, 2019-
Director General, Director Sep 30, 2020
Department of Highway of Ministry (appointed by agency)
of Transport

4. Mr. Sommai Lakananuruk Representative Jul 15-Sep 30, 2020
Deputy Director, Director (appointed by agency)
Bureau of the Budget of Bureau

of the Budget

Mr. Prayong Thangcharoen Representative Oct 10, 2017-
Deputy Director, Director Jul 14, 2020
Bureau of the Budget of Bureau (appointed by agency)
of the Budget

43

Expressway Authority of Thailand (EXAT Board) (Continued)

Director’s bonus
after deducting
Name/Agency Position Term of office No. of Meeting Monthly the absence
meeting allowance remuneration of annual meeting
attended for the fiscal
(Baht) (Baht)

year 2020 (Baht)

5. Mr. Anek Meemongkol Representative Oct 3, 2018- 12/15 200,000 120,000 110,000
Deputy Secretary General, Director Sep 30, 2020
Office of the National of the Office (appointed by agency)
Economic and Social of the National
Development Council Economic
and Social
Development
Council

6. Pol. Maj. Gen. Sompong Representative Apr 29, 2019- 9/15 160,000 120,000 82,500
Chingduang Director Sep 30, 2020
Commissioner of the Royal (appointed by agency)
of Immigration Bureau Thai Police

7. Rear Admiral Suvin Honorary Sep 15-30, 2020 - - 5,333.33 -
Jangyodsuk Director (appointed
Commandant,
Bangkok Naval Base by cabinet resolution
on Sep 15, 2020)

Mr. Jessada Promjart Honorary Nov 22, 2016-Sep 14, 14/15 220,000 114,666.67 105,111.11
Advisor and Director Director 2020 (appointed

by Cabinet Resolution
on Nov 22, 2016 and
reappointed by Cabinet
Resolution on Jul 18,
2017, effective from

Jul 21, 2017)

8. Mrs. Phongsaward Honorary Jul 21, 2017- 11/15 200,000 120,000 110,000
Guyaroonsuith Director Sep 30, 2020
Deputy Secretary General, (appointed by Cabinet
Office of the Council of State Resolution on Jul 18,
2017, effective from
Jul 21, 2017
and reappointed
on Sep 15, 2020)

9. Ms. Trithip Sivakriskul Honorary Sep 15-30, 2020 - - 5,333.33 -
Member of the Board Director (appointed
of Directors, State
Railway of Thailand by Cabinet Resolution
on Sep 15, 2020)

44

Expressway Authority of Thailand (EXAT Board) (Continued) Annual Report 2020  Expressway Authority of Thailand

Director’s bonus
after deducting
Name/Agency Position Term of office No. of Meeting Monthly the absence
meeting allowance remuneration of annual meeting
attended for the fiscal
(Baht) (Baht)

year 2020 (Baht)

Mr. Pakorn Apaphant Honorary Jul 21, 2017- 13/15 220,000 114,666.67 105,111.11
• Director, Geo-Informatics Director Sep 14, 2020
and Space Technology (appointed by Cabinet - 5,333.33 -
Development Agency Resolution on Jul 18, 40,000 19,354.84 17,741.94
(Public Organization) : 2017, effective from 100,000 59,996.67 49,585.65
GISTDA Jul 21, 2017)
• Member of the Board
of Directors and Audit Honorary Sep 15-30, 2020 -
Committee, Dhanarak Director (appointed 3/3
Asset Development
Co., Ltd. by Cabinet Resolution 6/6
• Member of the Board on Sep 15, 2020)
of Directors, Electricity
Generating Authority Director and Aug 3-Sep 30, 2020
of Thailand Secretary (signed an executive
10. Asst. Prof. Boonchai
Sowanwanichakul contract as the Governor
President Advisor, of Expressway Authority
Tirathai Public Co., Ltd.
11. Mr. Surachet of Thailand
Laophulsuk on Aug 3, 2020)
Governor, Expressway
Authority of Thailand Oct 1-9, 2019 (appointed
by the order of EXAT
Mr. Dumkerng Pankam Board No. 8/2019 held
Deputy Governor on Oct 1, 2019) and
for Operation,
Acting Governor, Feb 20, 2020-Aug 2, 2020
Expressway Authority (appointed according
of Thailand to the resolution
of the EXAT committee
meeting No. 3/2020
on Feb 19, 2020)

45

Expressway Authority of Thailand (EXAT Board) (Continued)

Director’s bonus
after deducting
Name/Agency Position Term of office No. of Meeting Monthly the absence
meeting allowance remuneration of annual meeting
attended for the fiscal
(Baht) (Baht)

year 2020 (Baht)

Mr. Wichan Ekarintrakul Director Feb 6-19, 2020 1/1 20,000 4,827.59 4,425.29
Advisor to the Governor and Secretary (acting as Governor
(Administrative), of Expressway Authority
Acting Deputy Governor of Thailand
for Strategy and Planning, under Section 28
Acting Governor, of the Expressway
Expressway Authority Authority of Thailand
of Thailand Act B.E. 2550 (2007)

Mr. Suchart Chonsakpipat Sep 27, 2018-Apr 23, 5/5 60,000 38,820.91 35,585.84
Governor, Expressway 2019 and Oct 10, 2019-
Authority of Thailand Feb 5, 2020 (signed an
executive hiring contract

as the Governor of
Expressway Authority

of Thailand
on Sep 27, 2018
and went to serve as
a government official
of the Prime Minister’s
Office from Apr 24,
2019, returned to serve
as the Governor of EXAT
from Oct 10, 2019,
and resigned from
the position of
Governor of EXAT
since Feb 6, 2020)

12. Mrs. Sujinda Jarujit Assistant Nov 8, 2018- 15/15 - - -
Director of the Office secretary Sep 30, 2020
of the Governor,
Expressway Authority
of Thailand

13. Mrs. Kulkanya Tumsen Assistant Dec 26, 2018- 14/15 - - -
Director of the General secretary Sep 30, 2020
Affairs and Conference
Division, The Office
of the Governor,
Expressway Authority
of Thailand

Source : General Affairs and Conference Division, The Office of the Governor.
as of 30 September 2020

46

Note 1. EXAT’s Board of Directors members who retired from office and received bonus for the fiscal year 2020 Annual Report 2020  Expressway Authority of Thailand
are as follows :
• Mr. Surong Bulakul = 131,388.39 Baht
• Mr. Prayong Thangcharoen = 86,639.78 Baht
• Mr. Jessada Promjart = 105,111.11 Baht
• Mr. Pakorn Apaphant = 105,111.11 Baht
2. In the fiscal year 2020, the EXAT’s Board of Directors meeting began on November 21, 2019 (No. 14/2019).
3. Meeting allowance rates are in accordance with the Cabinet Resolution on April 24, 2019, as follows :
• Directors receive a meeting allowance of 20,000 baht per month. The chairperson of the board receives
25% higher than the directors, and the directors shall pay their own income tax.
• In the case of sub-committees, other working groups appointed by the provisions of the law, cabinet
resolutions, or the state enterprise committee shall receive a meeting allowance as follows : in the case of state
enterprise directors, meeting allowances shall be made on an individual basis at the rate equal to the meeting
allowance for state enterprise directors, only for those attending the meeting. Sub-committee, other working
groups, totaling not more than two committees, and not more than one time per month. The chairperson of
the board meeting allowances is 25% higher than the directors, and the directors shall pay their own income tax.
4. The monthly remuneration rate is by the Cabinet’s resolution on July 2, 2013, where each director
receives 10,000 baht per month. The chairperson of the board receives twice of that of the directors. However,
if a state enterprise director holds a position for less than a month, they shall receive monthly remuneration
proportionate to the term of office, and the director shall pay income tax by themselves.
5. Bonus payment to the EXAT’s Board of Directors is by the criteria approved by the Cabinet on January
31, 1978, May 13, 1980, and February 5, 1991, including the criteria set out in the incentive system by the Manual
for the State Enterprise Performance Evaluation System. The directors shall pay their own income tax (calculated
based on the net profit of more than 8,000 million baht, not exceeding 11,000 million baht).

Authority and Duty of Exat Board
In addition to establishing a policy to generally supervise EXAT’s activities following the Expressway

Authority of Thailand Act B.E. 2550 (2007), the Board of Directors performs its duties in accordance with
the cabinet resolution and good corporate governance practices as described below :

1. To supervise the executives to formulate the corporate plan in compliance with a current situation
and to serve the national strategic plan, the Ministry of Transport’s strategic plan and the government
policy as well as to lay down the annual action plan for the organization management.

2. To control, monitor and assess EXAT’s performance to comply with the corporate plan and annual
action plan.

3. To supervise performances relating to accounting system, financial statement and accounting audit
to be accurate, complete and reliable including those of internal control and internal audit system as well
as adequate and appropriate risk management system by reporting results of performance and problems.

4. To study all laws, cabinet resolutions, rules and regulations applicable to Expressway Authority
of Thailand and monitor the updated amendment of laws and regulations.

5. To examine and manage conflict of interest that may occur to Expressway Authority of Thailand.
6. To recruit the governor, assess performance and determine the remuneration.
7. To appoint a committee and sub-committee in order to monitor business undertaken by Expressway
Authority of Thailand and perform their duties as assigned by EXAT’s Board of Directors.

47

Committees appointed in accordance with applicable laws

Audit Committee Position Term of office No. of Meeting
meeting allowance
Name/Agency Chairperson Oct 25, 2018-Oct 18, 2019 attended
1. Mr. Warothai Kosolpisitkul (By Board of Director’s Order (Baht)
Fiscal Policy Advisor 1/1 13,709.68
(Advisory Economist), Fiscal No. 25/2018 dated Oct 29, 2018)
Policy Office, Ministry of Finance

2. Ms. Chunhachit Sungmai Chairperson Nov 21, 2019-Sep 30, 2020 8/8 258,333.33
Inspector General, (By Board of Director’s Order
Ministry of Finance
No. 10/2019 dated Dec 19, 2019)

3. Mr. Anek Meemongkol Member Oct 25, 2018-Nov 20, 2019 1/1 20,000.00
Deputy Secretary General, Member (By Board of Director’s Order 8/8 220,000.00
Office of the National Economic No. 25/2018 dated Oct 29, 2018) 1/1 20,000.00
and Social Development Council Nov 21, 2019-Sep 30, 2020 8/8 209,333.33
4. Mr. Jessada Promjart (By Board of Director’s Order
Advisor and Director No. 10/2019 dated Dec 19, 2019)

Oct 25, 2018-Nov 20, 2019
(By Board of Director’s Order
No. 25/2018 dated Oct 29, 2018)
Nov 21, 2019-Sep 14, 2020
(By Board of Director’s Order
No. 10/2019 dated Dec 19, 2019)

5. Mrs. Aoy-atchara Rungrattanaubol Member Oct 25, 2018-Nov 20,2019 1/1 10,000.00
Director of Internal Audit Office (By Board of Director’s Order 8/8 110,000.00
No. 25/2018 dated Oct 29, 2018)
Nov 21, 2019-Sep 30, 2020
(By Board of Director’s Order
No. 10/2019 dated Dec 19, 2019)

Source : Internal Audit Office
as of 30 September 2020

Authority and Duty of Audit Committee
1. To establish the Audit Committee’s Internal Audit Charter in compliance with the scope of responsibility

of EXAT’s operation. The Charter must be approved by EXAT’s Board of Directors and its suitability must be
reviewed at least once a year.

2. To review the efficiency and effectiveness of the processes of internal control, good corporate
governance and risk management.

3. To review management revision regarding internal control and risk management following
recommendations of the auditor and the internal audit office.

4. To review the quarterly, interim and annual financial reports to ensure that they are prepared
completely and correctly and following generally accepted accounting principles and the disclosure of
the information is adequate, complete, and reliable.

5. To review EXAT’s operations to ensure that EXAT complies with laws, rules, regulations, procedures,
cabinet resolutions, announcements, or orders related to EXAT’s operations.

48