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Corporate Governance


          The board of Directors faithful and observe to the principles of good corporate governance continually to oversees that the Company operates on the foundation of good corporate governance principles and adheres to ethical business practices to ensure transparency and efficiency, as well as to garner trust from stakeholders. The board of Directors understands that, as a governing body of the Company, it has the responsibility to ensure good corporate governance for the benefit of the Company in the long run. In other words, competitiveness and good long-term operating results will be brought about by operating ethically, respecting every group of stakeholders and upholding the Company’s responsibility towards, contributing to society, developing for the sake of environmental impact minimization and ensuring adaptability amid changes.

Supporting the SDGs

Peace, Justice and Strong Institutions
Partnerships for the Goals

Management Approach
          The board of Directors has established the Corporate Governance Policy, Corporate Governance Principles, Business Code of Conduct, and Code of Conduct for directors, Executive Officers and Employees. These have been formulated in conformity with the Corporate Governance Code for listed companies 2017 (CG Code) that was designed by the Securities and Exchange Commission, Thailand to use as a guidance for directors, executives and employees of the Company in operating our business. The Company reviews its principles of Good Corporate Governance policy annually so as to be appropriate with any changes that may occur from the operation, environment, situation, of laws.

          The board of Directors regularly monitors its Corporate Governance Committee according to good corporate governance policy is announced to all employees through the Company’s intranet system, the company's line group, has determined that it is the duty of every new employee to receive new employee training and receive the details in “Good Corporate Governance Principles Handbook” and also to public through the Company’s website (www.sahapat.co.th) under “Investor Relations : Corporate Governance” section, are as follows:

  • The Good Corporate Governance Principles

         The board of Directors thereby prescribes the following Good Corporate Governance Policy as practical guidelines for all directors, executive officers, and employees which covers the 8 Good Corporate Governance Principles as follows:

  1. All directors, executive officers, and employees shall be fully committed to the application of the Corporate GovernanceCode, Business Ethics, and Code of Conduct for Company Directors, Executive Officers, and Employees.
  2. All directors, executive officers, and employees shall perform their duties responsibly, prudently, earnestly, and honestly in accordance with relevant laws, Articles of Association, and notifications.
  3. Action shall be taken to ensure that the Company’s management structure contains clear prescriptions of powers, duties, and responsibilities of each committee and executive officer.
  4. There shall be a suitable internal control system and an appropriate risk management system, as well as an accurate and reliable accounting system and financial statements.
  5. Information shall be disclosed in a sufficient, reliable, and timely manner to the extent that legitimate interests of the Company are not prejudiced.
  6. Shareholders’ ownership rights shall be appreciated and respected. Shareholders shall be treated equitably.
  7. Undertakings shall have regard to the Company’s responsibilities towards its shareholders, stakeholders, communities, society, and the environment.
  8. All shall strive towards business excellence with commitment to customer satisfaction created by being attentive and conducting self- assessment to enhance management capabilities and continually promote productive creativity.
  9. Virtue, ethics, and good values shall be instilled. Employees shall be treated fairly with a commitment to develop and enhance their capabilities.
  10. Dishonest conduct, corruption, and intellectual property violation shall be suppressed. Laws and human rights shall be respected.
  11. Conflicts of interest shall be dealt with prudently and reasonably with due regard to the Company’s interests.
  • The 8 Good Corporate Governance Principles
    Principle 1 The board of Directors shall be aware of its leadership roles and responsibilities in the creation of the Company’s sustainable prosperity.
    Principle 2 The board of sustainability Directors shall define the Company’ s objectives to ensure.
    Principle 3 The board of Directors shall strengthen its effectiveness.
    Principle 4 The board of Directors shall nominate and develop senior executive officers and ensure good people management.
    Principle 5 The board of Directors shall nurture innovations and responsible business practices.
    Principle 6 The board of Directors shall provide an adequate system of risk management and internal control.
    Principle 7 The board of integrity Directors shall ensure information disclosure and financial.
    Principle 8 The board shall encourage engagement and communication with shareholders.

Stakeholders Directly Impacted
  1. Shareholders
    - Monitor the company’s management to ensure transparency, ethical conduct, and adherence to the Good Corporate Governance Manual.
  2. Employees and Management
    - Perform their duties responsibly in alignment with good corporate governance principles.
  3. Suppiler/Business Partners
    - Conduct business with the company fairly, transparently, and without discrimination, in accordance with good corporate governance practices.
  4. Government Sector
    - Establish regulations and oversee the company to ensure compliance with the law.

Related Documents
  1. The Good Corporate Governance Principles Handbook (2024 Revised Edition)