Corporate Governance Policy GC, under the supervision of the Board of Directors, is committed to maintaining its corporate governance standard in conformity with international standards since its establishment in 2011. To this end, the Board of Directors has established a Corporate Governance Policy as part of the Business Operations Policy. The Corporate Governance and Sustainability Committee has been assigned to oversee relevant matters and ensure that GC’s corporate governance practices meet international standards, align with the Company’s business strategies and directions, and comply with any other requirements, laws and guidelines. The committee is also tasked with monitoring and assessing the effectiveness of corporate governance implementation on a yearly basis through meetings of each subcommittee. The assessment results are also regularly reported to the Board of Directors. Overview of Corporate Governance Policy and Practices The Board of Directors has established a fair management structure that governs the relationship of the Board of Directors, the management, and shareholders. The Board of Directors also plays an important role in formulating visions, strategies, policies, and important action plans, ensuring that there are effective performance monitoring/assessing and risk management systems, in addi t ion to maintaining i ts independence and accountability for the outcomes of its performance of dut ies pursuant to good corporate governance principles. The objectives are as follows: Strengthening the management system so that it is transparent and fair to all groups of stakeholders, complies with the applicable laws, regulations, rules, and requirements of the government agencies, and meets international and distinct standards, which will help enhance GC’s competitiveness adaptability and enable it to prevent and eliminate any potential conflicts of interest. Building confidence among investors and the general public both in Thailand and overseas and taking part in increasing the value of GC’s shares in order to protect its interests while taking into consideration the interests, rights, and equality of the shareholders and relevant stakeholders. Monitoring GC’s performance assessment and inspecting the operation in order to improve and rectify, a more effective operation. Establishing the scope of responsibilities of the Board of Directors and Executives towards all stakeholders, to ensure that the management exercises its authority within the defined scope. In this connection, the Board of Directors has established a Corporate Governance Policy as operational guidelines for al l of GC Group’s Directors, Executives and employees in adherence to both domest ic and international practices, such as guidelines of the Stock Exchange of Thailand (SET), the Corporate Governance Code for Listed Companies of the Securities and Exchange Commission (CG Code), the ASEAN Corporate Governance Scorecard, the Dow Jones Sustainability Indices (DJSI). Moreover, the Board of Directors is determined to continuously improve the Company’s corporate governance to meet international standards, which include taking into consideration the shareholder’s rights, equitable treatment of shareholders, emphasis on the roles of stakeholders, information disclosure and transparency, and the accountability of the Board of Directors. GC’s good corporate governance principles consist of Creation of long-term value, Responsibility, Equitable treatment, Accountability, Transparency, and Ethics (C R E A T E). These principles have been adopted by the Company as guidelines to ensure that its operation complies with the applicable laws and regulations of every country in which it operates. The Board of Directors and Executives serve as ethical leaders and role models for compl iance wi th the Corporate CREATION OF LONG-TERM VALUE RESPONSIBILITY EQUITABLE TREATMENT ACCOUNTABILITY TRANSPARENCY ETHICS GC’s good corporate governance principles C R E A T E CREATE 132
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