The Board of Directors attaches great importance to good corporate governance and has assigned the Corporate Governance Committee to the role of formulating corporate governance policies, Anti-Corruption Policy, and Anti-Bribery Policy, as well as business ethics and codes of conduct within the framework of relevant laws, rules, and regulations issued by regulatory bodies.

The policies shall be proposed to the Board of Directors for further consideration, approval and announcements as a guideline for good practices of directors, management, and employees at all levels, including rendering advice and proposing good corporate governance practices to the Board of Directors. The Committee shall also propose a guideline for cultivating corporate values that reflect good corporate governance to strengthen good practices and establish corporate culture.

The Company has established a good corporate governance policy since its inception.

The Board of Directors, by the recommendation of the Corporate Governance Committee, reviewed and amended the Corporate Governance Policy to be in line with the Good Corporate Governance Principles for Listed Companies 2017 announced by the Securities and Exchange Commission (SEC) and constantly consistent with the Company’s contexts. The latest review is the eighth edition, and is referred to by the Board of Directors, executives, and employees when they carry out their work.

Related Documents
Corporate Governance Policy

Compliance with Good Corporate Governance Principles for Listed Companies (CG Code)

BCPG has set a policy to adhere to and strictly comply with the CG code, resulting in BCPG receiving various awards in 2022 and bringing pride to all personnel within the organization. In respect to CG, the following can be summarized:

  • Received the Corporate Governance Report of Thai Listed Companies (CGR) 2022 recognition from the Thai Institute of Directors (IOD) at the excellent level (Level 5) for the fifth consecutive year.
  • In 2022 BCPG was invited to join the ASEAN Corporate Governance Scorecard assessment for the first time. Such assessment is made biennially, and BCPG was placed in the ASEAN Asset Class, meaning that it passed the ASEAN CG Scorecard with a higher score than 75%.
  • Maintained BCPG’s membership in the Thailand’s Private Sector Collective Action Coalition against Corruption (CAC), effective for a three-year term, expiring on December 31, 2023.
  • Consistently recognized by Thaipat Institute as being among the 100 listed companies with outstanding Environmental, Social, and Governance (ESG 100) performance in 2022 for the fifth consecutive year.
  • The stocks of BCPG were assessed by the Stock Exchange of Thailand (SET) and selected to be included on the list of sustainable stocks (Thailand Sustainability Index: THSI) for the second consecutive year.

The details of CG practices were compiled based on the code of corporate governance for listed companies 2017, prescribed by SEC, covering all eight principles:

Principle 1
Establish Clear Leadership Role and Responsibilities of the Board
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Principle 2
Define Objectives that Promote Sustainable Value Creation
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Principle 3
Strengthen Board Effectiveness
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Principle 4
Ensure Effective CEO and People Management
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Principle 5
Nurture Innovation and Responsible Business
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Principle 6
Strengthen Effective Risk Management and Internal Control
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Principle 7
Ensure Disclosure and Financial Integrity
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Principle 8
Ensure Engagement and Communication with Shareholders
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