Corporate Governance and Sustainability

Corporate Governance

The Company operates its businesses in a fair manner, upholding the long-practiced culture under an ethical framework, which has been developed to suit the ongoing economic and social changes, and being responsible towards every stakeholder groups. As a result, in 2016 the Company was rated as being “Excellent” in the Corporate Governance Assessment of Thai Listed Companies undertaken by the Stock Exchange of Thailand (SET).

The Company’s Board of Directors has established the Good Corporate Governance Policy, as part of the Company’s overall policies, which came into effect in 2004. The Good Corporate Governance Policy Guidelines have been developed and, since then, regularly revised to be current and appropriate to the latest situation.

The Board of Directors appointed a Good Corporate Governance Committee in 2012 to work with the Good Corporate Governance Working Group, which was also established in the same year. This working group is responsible for monitoring, assessing and improving the Company’s Good Corporate Governance Policy, so that it remains appropriate and consistent with the changing economic and social environments as well as with the relevant and applicable laws. It also has to ensure that it is consistent with the Corporate Governance Policy of Thai Listed Companies as specified by the Stock Exchange of Thailand and involved regulatory authorities.

The Board of Directors approved and published the “Good Corporate Governance Policy (3rd Edition, Revised – 2013)” in order to be appropriate and correspond to the amended regulations which encompasses the following key points.

Sustainability Development

The Company is committed to producing high-quality and consumer-safe products while taking into account its responsibilities and impacts on communities, the environment, stakeholders, and society as a whole. This commitment extends to all aspects of its business operations. The Company upholds principles of transparency, accountability, and ethical conduct, respecting human rights and the interests of stakeholders. It also ensures compliance with laws, regulations, and relevant international standards. Furthermore, the Company is dedicated to continuous development and improvement to establish a strong foundation of social responsibility alongside sustainable business growth.

Environment

The Company implements a systematic environmental management approach throughout the supply chain, driving, monitoring, and evaluating performance to ensure continuous improvement and the sustainable reduction of environmental impacts.

Social

The Company promotes and instills a culture of safety among stakeholders to enhance work quality and support a sustainable way of life.

Corporate Governance

The Company is committed to conducting business with transparency, fairness, and accountability in accordance with good corporate governance principles. This commitment goes hand in hand with delivering high-quality products to enhance sustainable quality of life.

Corporate Governance Policy

Sustainable Development Policy

Risk Management Policy

Whistle Blowing Policy

Policy and Guidelines on Company Securities Trading and Insider Information Usage

 

Business Code of Conduct

 

Procurement Policy

 

Business Partner Code of Conduct

Responsible on Marketing and Advertising Policy

Anti-Corruption Policy and Guidelines
 
Audit Committee Charter
 

Charter of the Nomination and Remuneration Committee

Charter of the Good Corporate Governance and Sustainable Development Committee

Risk management sub-committee charter

Board of Directors Charter

Supplier Notification Letter on Anti-Fraud Policy

Connected Transaction Policy

Policy of Investment and Supervision of Operations in Subsidiaries and Associates

WHISTLEBLOWING

The Board of Directors had provided the opportunities for employees and stakeholders, having a channel for complaints and reporting illegal acts.