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Policy |
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Since the year 2003 that the company has first formulated the policy of Good Corporate Governance, this document is the second revised edition under the policy of the Board of Directors to undertake regular revision, first revised edition was initiated in the year 2005, so that the document would be definitive, complete and in compliance with the prevailing situation to serve the company as principles of conduct for directors, executives and staff members. It is the firm intention of the Company to attain excellent performance as concerned Good Corporate Governance on the basis of ethics and transparency so as to create equitable and sustainable benefits to the shareholders and all stakeholders.
Corporate Governance (CG)
The Board of Directors has been satisfied with cooperation from the Company’s Executives and employees that resulted in acceptance of the Company from the public and various institutions. The Company was selected as one in the group of Top Quartile Company for the third consecutive year and was ranked as one of the Top Ten from 3 of the 5 evaluation topics concerning Good Corporate Governance.
The Board of Directors was also granted the reward of Board of the Year 2004/2005 for Exemplary Practices from the Thai Institute of Directors Association (IOD) and the reward for Best Corporate Governance Report from the Stock Exchange of Thailand. All rewards constitute moral support to the Board of Directors, Executives and employees in further developing the Company’s performance on Good Corporate Governance to be at par with the international standard, which would enhance the strengthening position of the Company and its sustainable business operations along with responsibility towards the environment and general society.
The Board of Directors of BCP is fully committed to conduct businesses under the principles of Good Corporate Governance. It has therefore formulated policies on management mechanism and supervision system to ensure that the company performs its operations with efficiency to attain its objectives and targets in adhering to transparency, accountability towards all stakeholders, and responsibility to the society as a whole. Corporate Governance Policy Statement is composed of 10 sections as follows: |
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In 2008, the Company improved its vision to “Greenergy Excellence” or “the determination to build an energy business that is friendly to the environment for sustainable development” by setting the corporate values for employees to hold and practice to achieve the values, as follows:
B – Beyond Expectation
C – Continuing Development
P – Pursuing Sustainability
| In pursuing sustainable business development, it is necessary to carry out business justly, transparently in a way that can be audited, looked up to by the general public, emphasizing the highest returns for shareholders, taking into consideration all stakeholders, as well as be conscious of the responsibility towards the environment and society in accordance with good corporate governance principles, which the Company has adhered to as its guiding principle since the Company’s establishment which states that “The Company shall develop sustainable business, while safeguarding the environment and society” The Company has continually focused in building the knowledge and understanding of good corporate governance principles among our employees in their daily routines, until it has become part of the corporate culture which corresponds with the employee culture to “Be virtuous, knowledgeable, and contributive to society” To this end, the Board of Directors and executives have served as exemplary role models for the employees, in coordination with ongoing public relations activities to promote good corporate governance culture. The Company has stipulated a good corporate governance policy shared by Directors, executives and especially employees who also have opportunities to participate in drafting the actual principles so that they can execute it.
In the past year, the Company had promoted and stressed its employees to consistently abide by the principles of good corporate governance, and made efforts to elevate its corporate governance policies to be comparable to international standards in order to take a step towards sustainable excellence. The Company also has a role in the dissemination of the Company’s corporate governance principles to the general public. The Company was received public recognition and acceptance, receiving SET Awards in three categories, namely the Top Governance Report Award, for the third consecutive year, the Corporate Social Responsibilities Award, for the second consecutive year, and the IR Excellence Award, which is sponsored by the Stock Exchange of Thailand and the Money and Banking Magazine. Additionally, the assessment of the Company’s governance report of listed companies in 2008 by the Thai Institute of Directors (IOD) received scores in the “excellent” criteria, and received average high scores in all criteria compared to 448 other companies.
To this day, the Company has continued its commitment to the development of good corporate governance for the benefit of our shareholders and various groups of stakeholders, with the goal of developing the standard of corporate governance to meet international standards in accordance to the intention of the National Corporate Governance Committee, the Stock Exchange of Thailand, and the Securities and Exchange Commission, which is determined to elevate the credibility of the Thai capital market to be internationally accepted levels and competitiveness, inevitably benefiting the entire country.
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