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Policy on Corporate Governance |
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Since the year 2003 that the company has first formulated the policy of Corporate Governance, the first revised edition was initiated in the year 2005 under the policy of the Board of Directors to undertake regular revision, 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.
It is through the coordinated contributions of Directors, Executives and employees that the Company has received awards and national recognition in Corporate Governance (CG)
- Board of the Year Awards 2008/09 Project organized by the Thai Institute of Directors (IOD) in conjunction with the Stock Exchange of Thailand (SET), Board of Trade of Thailand, Federation of Thai Industries (FTI), TBA, Thai Listed Companies Association, and the Federation of Thai Capital Market Organizations (FETCO).
- The Board of the Year Award for Exemplary Practices for the third consecutive year, ranking in the top five with the highest average score.
- Audit Committee of the Year Award, ranking in the top five with the highest average score.
- Honorary Award (Hall of Fame) for being a Board with Consistent Exemplary Practices, presented to the Board that has received the Board of the Year Award for Exemplary Practices for three consecutive years.
- SET Awards 2009 organized by SET and Finance and Banking Magazine.
- The Top Corporate Governance Report Award as a listed Company with outstanding good corporate governance practices for the fourth consecutive year.
- The Corporate Social Responsibility Award as a listed company with outstanding corporate social responsibility (CSR) and environmental practices for the third consecutive year.
- The IR Excellence Award as a listed company with outstanding investor relations (IR) practices, which values participation from across the board in the organization for investor relations with investors and shareholders. The Company received this award for the second consecutive year.
- The Assessment of Corporate Governance Report of Listed Companies 2009 organized by IOD, in conjunction with SET and the Office of the Securities and Exchange Commission (SEC).
- Being the companies in the “excellent” criteria, and received average high scores in all criteria compared to other companies.
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
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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.
Throughout 2009, the Company launched of public relations activities to promote a corporate governance culture, participated in corporate governance publicity by sharing understanding of the corporate governance policy with interested companies and organizations on several occasions and welcomed delegates from public and private agencies, as well as several educational institutions, to its operation, where experiences were shared and studied the Company’s corporate governance practices.
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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