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Corporate Governance Policy

CORPORATE GOVERNANCE

Corporate Governance Policy

           The Board of Directors emphasize the importance of Corporate Governance (CG) which it is a practice to structure the leadership in line with transparency, responsibility, and generate business competitiveness for sustaining the capital investment of shareholders and enhance the share value back to the long term shareholders in accordance with the ethic, and responsible to both stakeholders and society as a whole.

            In order to build the business growth continuously and to create the trust to investors and stakeholders, the Board of Directors had assigned management to regulate the Company’s vision, mission, objective of Corporate Governance, code of conduct, employee manual, business strategic direction, business plan and budget by appointing management team to propose all issues to the Board of Directors for consideration to express and debate prior to mutual agreement and approval. The Board of Directors has continuously been taking the good corporate governance of the Company seriously since the adoption of a good corporate governance policy to raise the standard of the corporate governance of the Company and to conform to the best practices as required by the Office of the Securities and Exchange Commission and the Stock Exchange of Thailand.

            In 2006, the Corporate Governance Center of the Stock Exchange of Thailand announced its updated version of the Principles for Good Corporate Governance for Listed Companies having been adjusted to be comparable to the Principle of Corporate Governance of the Organization for Economic Co-operation and Development (OECD Principles of Corporate Governance). The principle comprises of 5 categories, namely:

1. Rights of Shareholders

2. Equitable Treatment of Shareholders

3. Role of Stakeholders

4. Disclosure and Transparency

5. Responsibilities of the Board of Directors

In 2016, the Company received awards and assessments related to good corporate governance activities as follows:

  • The Company received a “Very Good” accomplishment in the Corporate Governance Report of Thai Listed Companies 2016 which was rated by the Thai Institute of Directors (IOD) in cooperation with the Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand (SET).

 

  • The Company was evaluated by the Office of the Securities and Exchange Commission, in cooperation with Thai Investors Association and Thai Listed Companies Association, on the quality of the Annual General Meeting for the year 2016. The Annual General Meeting of shareholders for the year 2016 was rated “Excellent”, the same result received since the years 2010. As a result, the Company was awarded in Investors’ Choice Award No.3 of 2016 from Thai Investors Association on 27 July 2016 for Thai Listed Companies having achieved a full rating of 100 full AGM assessment score.