The Good Corporate Governance Policy aims to demonstrate the Board of Directors’ commitment to conducting business operations in accordance with good governance practices. It serves as a framework for management and operational conduct within the organization, covering five main principles as follows:
- Rights of Shareholders
- Equitable Treatment of Shareholders
- Roles of Stakeholders
- Disclosure and Transparency
- Responsibilities of the Board of Directors
Section 1: Rights of Shareholders
The Board of Directors ensures that all shareholders, including institutional investors, are granted fundamental rights freely and equally. These include the right to receive dividends, attend shareholders’ meetings, express opinions independently, and participate in key decisions such as the appointment of directors, approval of significant transactions, determination of directors’ remuneration, appointment of auditors, and approval of audit fees.
Section 2: Equitable Treatment of Shareholders
The Board of Directors is committed to ensuring fair and equal treatment for all shareholders, including major, minority, and foreign shareholders.
Section 3: Roles of Stakeholders
The Board conducts business transparently, with accountability to all stakeholders. The Company ensures fair treatment of all stakeholders in accordance with legal rights, and such principles are included in the Company’s Code of Business Conduct.
Section 4: Disclosure and Transparency
The Board emphasizes the importance of accurate, reliable, and timely disclosure of both financial and non-financial information, as such transparency influences investor and stakeholder decision-making. Information is disclosed in both Thai and English through the SETLink system of the Stock Exchange of Thailand.
Section 5: Responsibilities of the Board of Directors
The Board oversees the Company’s operations under the principles of good governance to ensure efficient and transparent business management. It reviews and approves key policies, monitors performance, continuously assesses potential risks, and supports the establishment of subcommittees such as the Audit Committee and the Nomination and Remuneration Committee. The Board also complies fully with all applicable laws, regulations, and company bylaws.