The Company intends to promote operating business with efficiency and focuses on developing business to grow steadily and sustainably amid challenges from both internal and external factors whether it is innovative or technological changes, the shift in global economic power, tax policy, and resources security to natural disasters that may impact business operation. Operating business with transparency, ethics, and good corporate governance. Able to manage risks effectively.

Good Corporate Governance

The Company focuses on operating business under good corporate governance principles with fairness, transparency, accountability, and having responsibility towards stakeholders according to corporate governance structure. The Board of Directors is responsible for overseeing interests of the Company, shareholders, and all group of stakeholders. In addition, the Company has established “Good Corporate Governance policy”.

Key Performance in 2023
The Company was assessed by Thai Institute of Directors Association (IOD) for the 2023 Corporate Governance Report (CGR) to be a listed company with an “Excellent” rating; an average score of 111 percent and the scores in all categories were rated excellence for the seventh consecutive year.

Anti-Corruption

The Company adheres to operate business with transparency, ethical, and under good corporate governance framework, including having social responsibility and towards all group of stakeholders, and countering against all forms of corruption. The Company has established Anti-Corruption and Whistle Blowing policy to serve as guideline for directors, executives, employees, and all group of stakeholders not to get involved in corruption, either directly or indirectly. Furthermore, the Company has been certified to be a member of Thai Private Sector Collective Action Against Corruption : CAC)

Key Performance in 2022
Number of employees who accepted anti-corruption policy
100%
Number of new employees who took orientation course on anti-corruption
100%
Anti-corruption knowledge test score 91%
None Case

of fraud and corruption complaints Free from complaints for the sixth consecutive years

As the Company has invited suppliers to join anti-corruption network, there were tier 1 suppliers that accepted and participated in the performance evaluation according to business ethics
Totaling 106 suppliers or representing 100%

Risk and Crisis Management

Risk and crisis management is a key point that the Company places importance to, therefore, the Company has established Enterprise Risk Management policy to be a systematic approach to risk management under good corporate governance and sustainable development principles to support operational efficiency and achieve goals sustainably, as well as, enhancing ability to adapt under uncertain circumstances of changes in economic, society and environment, crisis such as value chain, climate change failure, epidemic, cyber threats, political tension, and other risks that may occur and impact business operation, either positively or negatively. The Company has assessed and reviewed its risk issues continuously and has a systematic risk management process that is in accordance with the standards of Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework for directors, executives, and employees at all level to be able to manage risks efficiently.

Supply Chain Management

The Company commits to sustainable long-term value creation, has developed a Supplier Code of Conduct for its suppliers, and conducts a risk-based sustainability assessment for all suppliers, covering ESG issues. The purpose is to encourage suppliers to conduct business ethically, respect individual rights and liberties, and treat employees fairly according to human rights principles, with social and environmental responsibility. And improve efficiency in supply chain management to be able to support the stable growth of the business. The following is a detail of related topics:

Key Performance in 2022
32 new suppliers

100% of the new suppliers

who have been assessed and selected to cover sustainability risks

106 people
who are Critical and have a direct impact on the Company
Participated in the performance assessment according to the supplier code of conduct, representing
100%
Received a sustainability assessment covering of economic, social and environmental issues, representing
100%

Tax Management

The Company operates business and manages tax with transparency and is aware of the duty and responsibility of tax operation in order to build trust among stakeholders in all sectors. At present, the Company has improved its measures and procedures to be up-to-date, globally accepted, and in the same direction for accounting personnel and related employees to have knowledge and understanding of tax requirements, guidelines for preparation of financial reports, and tax planning. This is to ensure that they will be able to perform and operate correctly in accordance with the organization’s activities and law, which will help reducing the risk of additional fines, error in tax calculations, and careful planning to prevent tax problems that may occur in the future. In addition, the Company has organized additional training courses every year for related employees to know tax practices and able to apply it with business effectively.