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MEDIA
WORANUJ MANEERUNGSEE
The new executive board of MCOT Plc is likely to review the performance criteria for president Wasan Paileeklee by placing more importance on revenue and profit, according to sources at the majority state-owned broadcaster.
Revenue performance is expected to receive a 40% weighting in the performance assessment of the president, up from 15% currently.
Other criteria include leadership and work transparency as well as response to the board's policy.
Mr Wasan, who has held the job since May of last year, expressed uncertainty about the proposed criteria and said he would discuss them with the board again. If both sides agree, the criteria will be used in the next assessment in the second half of the year. The new executive board is scheduled to evaluate his first-half performance this month.
Mr Wasan, who succeeded Mingkwan Sangsuwan, now the Commerce Minister, declined to comment on whether the new review criteria were linked to politics.
But an MCOT source said the proposed criteria would likely affect the future of Mr Wasan. With the unpredictable economy, it would be hard for the Channel 9 television operator to enjoy much growth in ad revenues.
The new board took office recently, succeeding one appointed by the previous military-backed government. Former PM's Office minister Jakrapob Penkair, who resigned in May after being charged with lese majeste, was not a fan of Mr Wasan and the previous board, complaining about lower-than-expected revenue and profit in the first quarter of the year.
''I wonder if the review might have a hidden agenda since the new assessment criteria [based on profit] should not be a priority issue for MCOT,'' the source said, adding there was political interference in the board.
Anusorn Tamajai, an independent board member, said that if the new criteria were approved, they should not affect Mr Wasan. As the top manager, he should prove to everyone that he is qualified to keep this job.
As MCOT is listed on the Stock Exchange of Thailand, the organisation should be run professionally and should be concerned about shareholders' benefits, Dr Anusorn said.
According to the source, the board was concerned about MCOT's financial performance because other TV operators had enjoyed more ad revenue since the closure of iTV last year.
Shares of MCOT, which is 65% owned by the Finance Ministry, closed on Monday on the Stock Exchange of Thailand at 23.60 baht, unchanged, in trade worth 15.71 million baht.
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