Report of Governance Committees

Dear Shareholder,

The Governance Committee consists of three members who have experience in good corporate governance of companies listed on the Stock Exchange of Thailand, with an independent director as the Chairman. The Governance Committee acts independently and strives for the Company to be a company with good corporate governance on par with international standards and in accordance with the objectives of the Governance Committee Charter. The Governance Committee is responsible for overseeing the policies and framework in matters of good governance and overseeing the Group's reputation and interests.

The performance and opinions of the Governance Committee for the year 2023 can be summarized as follows:

  1. The Governance Committee held two meetings with all three members attending each meeting. In 2023, the Governance Committee completed its responsibility under the Governance Committee Charter, which resulted in an improvement in good corporate governance. Because of this, the Governance Committee expressed satisfaction with their performance in their yearly self-assessment.
  2. In 2023, the Governance Committee is pleased to announce that the Company has obtained the “excellent” rating for corporate governance from the IOD for the eighth consecutive year and also has been chosen for inclusion on the Stock Exchange of Thailand's Sustainable Stock List in the SET ESG Rating Program for the fifth consecutive year. Additionally, the Company was able to continuously renew the membership in the Coalition for Private Sector Collective Action Against Corruption. This reflects the Company’s excellent corporate governance and boosts the confidence of stakeholders across a range of industries.
  3. The Governance Committee provided recommendations to Management in relation to corporate governance guidelines for implementation and disclosure, to enhance the confidence of shareholders and stakeholders.

As a result, considering the Group’s corporate governance performance in various areas, the Governance Committee has the opinion that the trust of the shareholders and stakeholders in the Group’s good corporate governance and culture are well placed , and these strengths will lead to the Company’s continued sustainable growth.

Mr. Charin Satchayan
Chairman of the Governance Committee