Corporate Governance
The Company consistently adheres to and promotes the principles of corporate governance across all levels of the organization, including Directors, Management, and employees.
The Company is committed to effective, transparent, and measurable administration, fostering confidence among shareholders, investors, and stakeholders. This approach is pivotal in generating returns, maximizing value, and enhancing the Company's competitiveness for sustainable growth.
The Board of Directors holds primary responsibility for establishing the framework of good corporate governance, defining strategies, key policies, and overseeing the implementation of efficient and effective governance mechanisms. To this end, the Board has established a comprehensive corporate governance policy aligned with the Code of Best Practices for Directors of Listed Companies. This policy follows the Principles of Good Corporate Governance for Listed Companies (2013) and the Corporate Governance Code for Listed Companies (2017) as prescribed by the Stock Exchange of Thailand and the Securities and Exchange Commission Thailand.
Additionally, the Company reviews the Principles of Good Corporate Governance annually, continually improving policies, practices, and systems to enhance the effectiveness of governance. This includes adopting local and international best practices to ensure they are appropriately integrated into the Company's and its subsidiary's business operations.
Key aspects of the Corporate Governance Policy include:
Rights of Shareholders:
The Company respects and upholds shareholders’ fundamental rights, ensuring no violations and supporting shareholders in exercising their rights. Shareholders are given the right to participate in important decisions, such as electing Board members and approving significant corporate actions, as well as ensuring access to all relevant information to make informed decisions.
Equitable Treatment of Shareholders:
The Company ensures all shareholders, whether management or non-management, majority or minority, local or foreign, receive equal and fair treatment. Key practices include conducting shareholders' meetings with transparent and fair voting processes, providing timely and accurate information, and establishing measures to prevent conflicts of interest and the misuse of inside information. These practices foster trust and transparency, promoting shareholder confidence.
Roles of Stakeholder:
The Company recognizes and respects the rights and interests of all stakeholders, including shareholders, employees, customers, business partners, competitors, creditors, and society. Our commitment includes fostering constructive relationships, ensuring fair treatment, and engaging in ethical practices. The Company prioritizes corporate social responsibility, sustainability initiatives, and transparent communication to build trust and long-term value, guided by the principle of creating shared value between the Company and all stakeholders for sustainable mutual benefit.
Information Disclosure and Transparency:
The Company maintains a high level of transparency by providing accurate, complete, and timely disclosure of information complying with regulatory requirements. This includes financial reports, governance practices, and other significant information impacting stock prices and stakeholder decisions.
Responsibilities of the Board of Directors:
The Board ensures a balanced composition with diverse skills and expertise, clearly defining roles and responsibilities to provide effective guidance. This encompasses overseeing strategic direction and management activities at a policy level, while upholding ethical standards and legal requirements. Regular evaluations of the Board's performance are conducted to serve as a framework for assessing and enhancing the Board of Directors' performance in alignment with specified policies.