which dismissal of the Company’s petition for business rehabilitation on 3 November 2015 under the Supreme Court Decision No. 2541/2558. This situation affected the authotiry of management and properties of the Company vested in the management, the Board of Directors and the shareholders of the Company, including the power of business engagement of the Company.
The Company has prioritized to the Good Governance, executing to account of the importance of basic rights of shareholders by means of acceptable and creditable standards. The Company has encouraged the shareholders to exercise their rights covering the legally basic rights such as acknowledging information, attending meetings, and participating in making a decision of significant issues which affect to the Company’s business operation, etc.
In addition, the shareholders shall have a voting right according to the number of share held: one share equal to one vote. And no shareholder has preferential beyond other shareholders. In addition, the shareholders have any other rights of shareholder under the Public Limited Company Act, the Securities and Exchange Act or the regulations of the Stock Exchange of Thailand and the Office of the Securities and Exchange Commission and other relevancies.
The Company has given importance to the rights of all groups of stakeholders, by fairly treating them whether they are employees, trade account payables, and customers as well as communities and the environment surrounding the factory as specified in the Company’s Code of Good Governance and Ethics as practice guidelines for directors, management and employees of the Company based on the fairness and balance of mutual interest coordination.
The Company issued regulations regarding ethics and those prohibited acts against the management and employees to be adhered by the management and employees as practice guideline in honesty and good faith to all groups of stakeholders, public and society. All management and employees signed, acknowledged and agreed to adhere therewith, effective from 1 April 2002 and the Company has followed up their performance under the said practice guideline constantly and has set disciplinary punishment as well.
The Company has improved its Codes of Conduct for the business to be consistent with the current situation. Furthermore, the development of this Codes of Conduct is aimed to be guidelines for the management and employees to act in honesty and faithful manners to all groups of stakeholders, public, and social. The latest version was revised in 2019 and announced to directors, executives, and employees to acknowledge and act strictly. This Codes of Conduct was effective since 7 November 2019.
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