Governance and Economic Dimension
The company is committed to conducting business in accordance with the principles of good corporate governance, following the guidelines set by the Stock Exchange of Thailand.
It promotes integrity and accountability among directors, executives, and employees to foster trust and responsibility toward society. With confidence in its potential and expertise, the company strives to contribute to social and environmental development by offering innovative products and technologies, enhancing competitiveness, and operating with transparency. These efforts aim to build stakeholder confidence and drive sustainable growth.
Performance Highlights 2024
Received a 5-star rating, or "Excellent" Corporate Governance (CG) Scoring, from the Thai Institute of Directors Association (IOD)
Certified as a member of Thailand’s Private Sector Collective Action Coalition Against Corruption (CAC)
Number of incidents related to violations of corporate ethics and code of conduct (None)
Enhanced production capacity through fully planned implementation of automated manufacturing systems 100% on plan
Integrated production with IoT-based Smart Factory systems 100% on plan
Developed IT infrastructure systems 100% on plan
Corporate Governance
The company places great importance on adhering to the principles of good corporate governance in its operations, in line with the Good Corporate Governance practices for listed companies as prescribed by the Stock Exchange of Thailand. At the Board of Directors’ Meeting No. 1/2013 held on June 27, 2013, a resolution was passed to approve the company’s Good Corporate Governance Policy and Code of Conduct.
This policy serves to promote corporate governance principles and guide directors, executives, and employees in building confidence in their responsibilities to the broader community. The company is committed to social development and environmental preservation by leveraging its capabilities, knowledge, and expertise to deliver outstanding products and technologies. It also encourages creativity and boldness in embracing new challenges to enhance competitiveness and foster trust among shareholders, investors, and all stakeholders. These efforts are driven by a goal of achieving sustainable prosperity for all involved.
Anti-Corruption
Business Ethics and Anti-Corruption
The company’s Code of Conduct applies to all executives of the company and its affiliates, at every level, regardless of whether they have signed an acknowledgment. In principle, a reputation for integrity is highly valued and considered essential to the company’s success. It directly influences business growth and profitability, just as it reflects the character and ethical standards of management personnel—from unit heads upward. These standards of conduct play a critical role in shaping stakeholder confidence in the company as a whole.
Risk Management
Risk and Crisis Management
The company recognizes the uncertainties that may arise from both internal and external business factors, which could impact the achievement of its objectives. To address this, the company has adopted the COSO ERM 2017 international risk management framework. This approach ensures a consistent and integrated risk management process across all levels and activities within the organization, enabling the company to operate effectively and efficiently toward its defined objectives and goals. By implementing this framework, the company aims to continuously create value and enhance organizational performance under a strong corporate governance structure. It helps to control and mitigate risks to an acceptable level, while appropriately addressing the expectations of all stakeholders particularly customers, employees, and business partners thereby supporting the achievement of corporate objectives and long-term sustainable growth.
Tax Transparency
Tax Management
To ensure that the business operations of the company and its subsidiaries align with international standards, the company is committed to conducting its business with transparency, fairness, and accountability to society and all stakeholders. In accordance with good corporate governance and ethical business practices, the company has established a tax policy.
Innovation
The company also promotes innovation at the operational level through on-site improvement techniques such as KAIZEN, encouraging employees to contribute ideas without limitations. All employees are free to initiate KAIZEN projects related to quality, safety, the environment, or energy, based on their own perspectives as long as the effectiveness of each initiative can be demonstrated. To support this, the company has established a Kaizen Committee responsible for developing plans, promoting internal activities, evaluating projects, granting awards, and driving continuous improvement throughout the organization.
Supply Chain Management
The company recognizes the importance of managing a sustainable value chain by fostering awareness and understanding of the business’s impact on stakeholders. This covers all aspects from procurement, production, and logistics to marketing, sales, and waste or unused material management from the production process. The company is committed to operations that minimize social and environmental impact while effectively addressing stakeholder needs throughout the value chain. It is also dedicated to continuously improving the efficiency of value chain management.
To support this, the company has established policies, strategies, and operational guidelines that span the entire process from sourcing and selection to development, monitoring, evaluation, and stakeholder engagement. As part of this framework, the company manages supply chain risks with a strong focus on responsible sourcing, particularly in areas related to safety.