Corporate Governance

Asia Aviation adheres to corporate governance principles through its Directors, Management, and employees. The Company believes transparent administration fosters confidence among shareholders, investors, and stakeholders, driving returns, maximizing value, and enhancing competitiveness for sustainable growth.

Governance Approach

The Company is committed to operating with transparency, honesty and robust governance. Relevant policies are regularly reviewed and updated to maintain the highest standards of compliance with applicable regulations, risk and opportunity management and responsible procurement of partners.

Key Company Policies are as Follows:

Good Governance Policy

Uphold good governance at the director, managerial and employee levels with the belief that an efficient, transparent, and accountable management system builds confidence and trust among shareholders, investors, stakeholders and all other relevant parties. The board of directors adheres to the Code of Best Practices for Directors of a Listed Company and applies the 2013 Principles of Good Corporate Governance for Listed Companies as well as the 2017 Corporate Governance Code in accordance with guidelines from the Stock Exchange of Thailand and Securities and Exchange Commission. This policy is reviewed and improved annually as well as communicated to directors, managers and employees of the Company for their acknowledgement and compliance. Content of this policy extends to the rights of shareholders, fair treatment of shareholders, the role of stakeholders, disclosure of information and transparency and the responsibilities of the committee.

Anti-Corruption Policy

Operate on a basis of transparency, honesty and righteousness. The Company structure clearly delineates duties and responsibilities, work processes and a chain of command for each unit to maintain an appropriate balance of authority. A code of conduct is maintained for directors, managers, employees and relevant parties to safeguard against corruption in all forms and it is considered the shared duty of all to ensure that business operations at risk of corruption are thoroughly considered and carried out.

Risk Management Policy

Acknowledge and devote importance to risk management for the efficient and effective management of the Company in promotion of confidence among all stakeholders. The Risk Management Committee, consisting of the President, board of directors, Chief Executive Officer and managers from all core operations, work with the Risk Management Department to address risks to operations both internal and external, maintaining them within acceptable parameters through evaluation and risk assessments carried out by each department. This policy is reviewed and relevant proposals are heard annually

Personal Data Privacy Policy

Emphasise respect for the privacy of customers, shareholders, employees and all individuals involved with the Company. Foster confidence that stakeholder information is protected and that the Company acts in compliance with private personal data privacy laws. Set clear and appropriate criteria, mechanisms and measures for the management of private personal data known and upheld by all directors and employees.

Moreover, Thai AirAsia has adopted the Supplier Code of Conduct (SCOC), which references the International Labour Organisation, and encompasses assessment of basic human rights, transparency, anti-corruption practices, partner and stakeholder equality, and social responsibility