Good Corporate Governance As a state enterprise listed in the Stock Exchange of Thailand, THAI has committed to comply with the principles of good corporate governance and implement the principles in the Company’s best practices including disclosure, transparency and social responsibility. The Company has also applied the principles of accountability and equitable treatment in to its operations. Accordingly, authority, responsibilities and independence of the Company’s Board of Directors are clearly stated, efficient audit and risk management systems and transparency information disclosure are in place to ensure the best interest of the stakeholders. By considering international trend and movement, the Company’s Board of Directors has suggested the Good Corporate Governance Committee in adjusting the good corporate governance policies to be more suitable for constantly-changed social and economic affairs. Consequently, the policies have been inform and strictly observed by the Company’s employees, and the policies compliance has also been monitored and assessed on regular basis. For THAI’s efforts in embracing principles of good corporate governance, THAI was assessed and subsequently awarded and recognized by independent entities including a “very good” rating consecutively since 2006 and an “excellent” rating for 2012, a plaque of “outstanding” on state enterprise’s good governance promotion plan in the category of public company for 2012, an “outstanding” award for efficient integrated materials management project and a “good” award for information center development project.
1. Policies on Good Corporate Governance THAI understands the importance of having good corporate governance and diligently observes such principles in practice. The company, therefore, instill a culture of good corporate governance into the Board members, the executives and employees to enhance THAI’s competitiveness leading to long-term sustainable. The Company’s Board of Directors has approved key business plan in accordance with the principles of good corporate governance and set a business management oversight framework covered 4 major areas includes:
Government Sector, Society and Community Conserve and promote positive impacts on environment in the Company’s operations Emphasize and raise the awareness on environment and social responsibility to all departments of the Company Promote and support the Company’s operations and services in accordance with environment and social responsibility and relevant environmental legislation and regulations
Customers and Stakeholders Emphasize on providing of excellent services to customers and stakeholders Enable customers and stakeholders to lodge their comments through various channels Promote and encourage innovations and technology enhancements in services improvement and upgrade.
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