Corporate Governance

Corporate Governance

Organizational Importance and Commitment

Corporate governance based on the principles of good governance includes policies and effective oversight processes to establish a solid foundation for ethical and transparent business operations. This helps to build trust among stakeholders and promotes long-term sustainable growth.

Opportunities and Impact

Good corporate governance is a critical driving factor for organizational sustainability in terms of strategy, operations, and stakeholder relationships. Transparent, ethical, and auditable management reduces legal and reputational risks and provides opportunities to build confidence among investors, customers, partners, and society at large.

Supporting the SDGs Goals

Goal 16:
Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels.

Stakeholders Directly Impacted

Customers
Customers
Conduct business ethically, maintain customer confidentiality, and adhere to agreements fairly.
Trade Partners
Trade Partners
Conduct business ethically, comply with agreements, and act fairly toward one another.
Employees
Employees
Receive fair compensation and benefits, job security, and career advancement opportunities.
Creditors / Lenders
Creditors / Lenders
Strictly comply with agreed terms and conditions.
Shareholders
Shareholders
Respect shareholder rights, treat shareholders equally, and provide accurate and timely company information.
Regulators / Government Agencies
Regulators / Government Agencies
Conduct business in full compliance with applicable laws and regulations.
Competitors
Competitors
Operate within the framework of fair competition, transparency, without infringing intellectual property rights or seeking confidential information.
Media and Analysts
Media and Analysts
Disclose company information and news accurately and transparently.

Goals and Performance

ESG Performance Indicators and Targets 2024 Performance Results
Received an excellent rating (5 stars) from a survey project to monitor and measure the development of corporate governance or corporate governance of Thai listed companies which is operated by Thai Institute of Directors (IOD) with the support of the Stock Exchange of Thailand and Office of the SEC An excellent rating (5 stars)
Achieving 100 scores in quality of the 2024 Annual General Meeting of Shareholders by the Thai Investors Association 100 full Scores
Passed the criteria for SET ESG Rating Passed SET ESG Rating at “A Level”
The percentage of revenue generated from innovations and achieve an average Balanced Scorecard rating of level 3 or higher The percentage of revenue generated from innovations are 5% and achieve an average Balanced Scorecard rating of level 3.02
Long-term Goals

Review and develop the quality of corporate governance regularly by maintaining / upgrading the quality of corporate governance through external assessment standards, including:

1

Achieving a 5-Star Corporate Governance Quality Assessment Score

2

Achieving 100 Points in Shareholders' Meeting Quality Score

3

Passed the criteria for FTSE Russell ESG Scores in 2026

4

Disclosure in accordance with IFRS S1, S2 in 2030

ESG Performance Data

Management Guidelines

Strategy

1
Establish policies and practices regarding corporate governance to be consistent with It is the same direction throughout the organization.
2
Review the adequacy of the corporate governance structure and policy to be consistent with the changes. Suitable for the Company’s business strategy and challenges that arise regularly.
3
Communicate and create understanding with employees, trade partners, and business partners. To realize the importance and comply with corporate governance policies, ethics, and various guidelines.

Management Approaches

1
Supervise and monitor compliance with Corporate Governance Policies and Business Code of Conduct.
2
Regularly review the adequacy and appropriateness of the structure and Corporate Governance Policy at least once a year, and develop and improve various policies to be consistent with the changes and business practices.
3
Enhance the internal control system and manage risks effectively.
4
Communicate, disseminate, and organize training on Corporate Governance Policies, and related Code of Conduct to employees, business partners, to adhere to and act in the same way.
Key Developments
Training of new employees
Organize orientation for new employees, by communicating Code of Conduct and guidelines for Corporate Governance issues.
68
people
83.95%
of new employees who have passed orientation in 2024.
Review and revision of the No Gift Policy
To prevent potential risks arising from transactions that may lead to corruption in the course of business operations.
Monitoring Compliance with the Business Code of Conduct and Corporate Governance Policy
In 2024, the Company received no complaints through the whistleblowing system regarding misconduct or inappropriate behavior by directors, executives, or employees that would violate the Company’s Business Code of Conduct.

Our Projects

ESG DNA Project: A Knowledge Series on Sustainability
Environment Governance and Economic
ESG DNA Project: A Knowledge Series on Sustainability
Explore All Projects in Governance and Economic

Related Documents

Corporate Governance Handbook
Download
Corporate Governance Policy
Download
Results of Monitoring Compliance with the Code of Conduct
Download
Sustainability Management Policy
Download
ESG Reporting Library