Corporate Governance
Importance and Mission
Good corporate governance, characterized by fairness, transparency, and accountability to all stakeholders, is fundamental to building stakeholder confidence and the Company’s credibility. Conversely, ineffective 32 Sustainability Report 2024 corporate governance can negatively impact stakeholder trust, damage the Company’s reputation, and diminish its competitive edge and value creation potential in the future.
The Good Corporate Governance PrinciplesGoals and Performance
Goals
- No significant complaints have been received regarding the company’s services.
Performance
No complaints were observed indicating that there were no significant issues with the company's services.
Supporting the SDGs
Peace, Justice and Strong Institutions
Partnerships for the Goals
Management Approach
The Company has established a development target for a sustainable growth under the principles of good corporate governance. The listed company must adhere to the morals, ethics, transparency, social responsibility, environmental responsibility, and stakeholders responsibility. Thus, the Board of Directors has established the Good Corporate Governance Policy and Guideline that compliance with the Good Corporate Governance Principle for a listed company 2017 of the Securities and Exchange Commision (SEC) Thailand in writing for the Company to use as a guideline to operate under the principles in every level include directors, executives, and employees. The policy and guidelines are to be reviewed once a year to be able to create a culture of transparency and auditability
In regard to the corporate management structure, the Board of Directors is responsible for defining and reviewing the board structure, including the size, composition, and proportion of independent directors, ensuring it remains well-suited to achieving the Company’s strategic objectives and targets. The Company has a well-defined management structure, consisting of the Board of Directors and four key subcommittees that oversee critical functions: the Audit Committee, the Nomination and Remuneration Committee, the Corporate Governance and Risk Management Committee, and the Sustainability Committee. In addition, the executives are entrusted with the management of the Company with a Company’s secretary to comply with related laws and regulations and as assigned by the directors.
Sustainability Governance Structure
Directors
Executive Directors
Non-Executive Directors
Independent Directors
Stakeholders Directly Impacted
Employee/ Executive
- Responsible for overseeing and setting the organization’s policies
- Execute tasks in alignment with established guidelines and policies
- Operate with transparency and uphold ethical standards
Shareholders
Monitor and ensure confidence in the company’s performance
Suppliers
Comply with good corporate governance standards
