The Company is committed to upgrading its Corporate Governance (CG) to practices that promote integrity, transparency and accountability, including Corporate Governance in order to sustainable added business values. In addition to building confidence for shareholders, investors and stakeholders, the Company has adhered to the principles of Good Corporate Governance for Listed Companies in 2012 of the Stock Exchange of Thailand (SET) along with the principles of Good Corporate Governance for Listed Companies in 2017 or the Corporate Governance Code (CG Code) of the Securities and Exchange Commission (SEC) in order to be appropriately applied and it is beneficial to creation value for sustainable the Company.
In 2021, Corporate Governance and Sustainable Development Committee presented to the Board of Directors for consideration and improvement “Good Corporate Governance Policy” to be in line with the principles of Corporate Governance Code (CG Code), aiming to be a good practice guideline for the Board of Directors, executives and employees at all levels as well as reviewing the appropriateness of the CG Code implementation.
The Good Corporate Governance Policy
The Board of Directors has established the Good Corporate Governance Policy in writing arrange for a review of the Good Corporate Governance Policy, including monitoring and evaluating the implementation of the policy at least once a year and the Company has published it to the Board of Directors, executives and employees at all levels for acknowledgment must be signed and take it as a guideline as part of the work to be a commitment and to adhere to concrete practice, including publishing on the Company's website and internal communication channels of the Company.
However, the Good Corporate Governance Policy is available on the Company's website which Board of Directors, executives and all employees can access and download at https://ir.rs.co.th/storage/download/cg/20230127-rs-cg-policy-th.pdf
In addition, the Board of Directors Meeting No. 6/2021, dated on 10 November 2021 has resolved to approve the improvement “Code of Business” to continuously enhance and promote corporate governance of the Company and subsidiaries (“RS Group”). The aim is to ensure that the Board of Directors, executives and all employees in RS Group have knowledge and understanding of Code of Conduct, awareness of duties and responsibilities, apply various practices related with Code of Conduct, Whistleblower Policy, and has established a monitoring and manage process to ensure compliance with the Code of Conduct and review regularly.
The Board of Directors has supports and encouraged has established Code of Conduct is available on the channels of RS Group and arrange for the Board of Directors, executives and employees to training and review on a regular basis. The aim is to make RS Group a transparent organization, acceptable to the stakeholders, developing competitiveness at the international level, including creating sustainable business growth.
Code of Conduct
The Board of Directors has established a Code of Conduct in writing arrange for a review of Code of Conduct, including monitoring and evaluating the implementation of the policy at least once a year and the Company has published it to the Board of Directors, executives and employees at all levels for acknowledgment must be signed and take it as a guideline as part of the work to be a commitment and to adhere to concrete practice, including publishing on the Company's website and internal communication channels of the Company.
However, Code of Conduct is available on the Company's website which Board of Directors, executives and all employees can access and download at https://www.rs.co.th/category/policies_corporate_documents
Policy and Guidelines for shareholders and stakeholders
The Company has followed the principles of good corporate governance in accordance with Corporate Governance Code for listed companies 2017, which is determined by the Securities and Exchange Commission to cover good corporate governance for listed companies on the Stock Exchange of Thailand. There are 5 areas covered, including shareholder rights, equal right to shareholders, roles of stakeholders, information disclosure and transparency and responsibilities of the Board of Directors and Sub-Committees./p>