Corporate Governance Committee's Report

(Mr. Adul Vinaiphat)
Chairman of the Corporate Governance Committee

The Corporate Governance Committee consists of 3 members* as follows:

  1. Mr. Adul Vinaiphat Chairman
  2. Dr. Supriya Kuandachakupt Member
  3. Mr. Pradit Sawattananond Member

Note: * Initially, the Corporate Governance Committee consisted of 4 members and on June 15, 2020, Mr. Somsak Assavapokee completed his term so the committee has only 3 members.

Mr. Kukrit Singhon, Vice President of Compliance Group, is the secretary.

The Corporate Governance Committee has performed its duties under the scope of responsibilities assigned by the Board of Directors.

During the year 2020, the Corporate Governance Committee had a total of 12 meetings and reported the result of each meeting to the Board of Directors with the summary as follows:

  1. Enhance the good corporate governance and emphasize the stakeholding reporting according to the corporate governance code (CG Code) of the Securities and Exchange Commission.
  2. Engage in creating the organization culture with best practices for preventing the abuse of duty and strive to provide the whistleblowing channels. Whistleblowing complaint regarding fraud and corruption can be made directly to the chairman of the Corporate Governance Committee so that dealing with complaints is processed with transparency and fairness, and informants are well protected.
  3. Put the importance on data governance by clearly establishing the insider information policy with annual review or when significant changes made so that directors, executives and employees do not make use of non-public information for personal gain.
  4. Review the policies in order to set up the guidelines to align with the current structure of the company regarding anti-corruption / conflicts of interest which will result in effective and efficient compliance with good corporate governance practices.
  5. Be the company’s representative to communicate, monitor and promote the compliance with good corporate governance policy and anti-corruption policy.

The company is committed to operating its business under the good corporate governance principles which are transparent and verifiable. Moreover, the company also recognizes the accountability to economy, society, environment and stakeholders as well as develops good corporate governance practices which are significant factors in creating sustainable business values.