Corporate Governance and Anti-Corruption Activities
Communicate policies and guidelines related to corporate governance
In 2021, the Company reviewed policies and guidelines according to the changing of business direction, social conditions, regulations, standards, and risks. The Company has revised the policies such as,
- Corporate Governance Policy in the topic of holding directorship position in other company of chief executive officer.
- Code of conduct in the topic of blackout period of securities trading and securities holding report of the board of directors and executives.
- Anti-corruption policy
The Company communicated the changes in such policies to directors, executives and employees throughout the organization including all stakeholders as a guideline for practice.
Assess corruption risk
The Company managed a corruption risk assessment and preventive guidelines for 2021 by conducting a comprehensive business risk assessment in every country the Company operates in both subsidiary and joint venture companies
The Principles of Good Corporate Governance
The Company regularly organized an orientation session on the principles of good corporate governance and the Code of Conduct for new employees in every country.
Awake Your CG
The “Awake Your CG” was organized as a means of internal communication, featuring case studies from news about violations of the CG and Anti-Corruption Policies and their impacts. The communication channels are through the PA system every Friday morning in the news talk program and via email to educate employees about corporate governance principles and to prevent them from violating the CG Policy and the Code of Conduct.
Corporate Governance Update
The Company published articles on corporate governance trends and directions in Thailand and ASEAN countries in the “Corporate Governance Update” column in a quarterly Banpu e-Bulletin, a digital communication channel, distributed to Banpu’s subsidiaries in all host countries. The articles published under this column aim to create an understanding as well as awareness of corporate governance among employees. The topics presented in the past year were:
• ESG: Environment, Social and Governance
• ESG in COVID Action Plan from Thailand Responsible Business Network (TRBN)
• CG Report 2020