Corporate Governance and Social Responsibility Committee

  • Profile
  • Scope Of Duties and Responsibilities
  • Nomination of the Board
  • Report
 

Scope of Duties and Responsibilities of the Corporate Governance and Social Responsibility Committee

Duties and responsibilities of the Corporate Governance and Social Responsibility Committee Duties and Responsibilities with regards to the Corporate Governance (CG)

  1. Establish strategies and the Company’s good practices of good corporate governance.
  2. Verify and advise best practices to the Company’s Board of Directors about good corporate governance in order to ensure that the Company’s good corporate governance will comply with the regulations of Ministry of Finance and the Stock Exchange of Thailand, including the practices followed by international standard.
  3. Revise the Terms of Ethics and Code of Conduct for Directors and Employees to be sufficient, up-to-date and conform to the Company’s code of conduct.
  4. Promote the Company’s policies and the Company’s good practices to boost the good corporate governance of the Company.
  5. Report the Company’s corporate governance performance to the Company’s Board of Directors periodically.
  6. Appoint working groups to support the operation as deemed appropriate.

Duties and Responsibilities with regards to the Social Responsibility (SR)

  1. Consider to comment strategies and policies of social and environmental responsibility.
  2. Consider social and environmental responsibility’s activities to propose the Company’s Board of Directors for further approval.
  3. Consider social responsibility’s work plan and annual budget to propose the Company’s Board of Directors for further approval.
  4. Consider and track the progress of social responsibility activities including evaluation of the achievement and quality of activities.
  5. Promote the Company’s policies and the Company’s good practices to boost the social responsibility of the Company.
  6. Report the Company’s social responsibility performance to the Company’s Board of Directors periodically.

Components and the Recruitment of Corporate Governance and Social Responsibility Committee

The Corporate Governance and Social Responsibility Committee is appointed by Board of Directors, comprised of nine members. At least one member must be independent Directors and another one member must be Board of Directors. The Corporate Governance and Social Responsibility Committee’s term is 3 years and may be re-appointed

Corporate Governance and Social Responsibility Committee Report

Dear shareholders,

As the company’s Board of Director assigned scope of duty and responsibility, the Corporate Governance and Social Responsibility Committee has performed our duty based on the charter of The Corporate Governance and Social Responsibility Committee. the Corporate Governance and Social Responsibility Committee has scheduled a meeting twice in 2017. As such, after reviewing all the agendas, the important issues are as follows;

  1. Reconsider the charter and the anti-corruption policy : The Corporate Governance and Social Responsibility Committee agreed to reconsider the charter of the Corporate Governance and Social Responsibility Committee and the anti-corruption annually. Moreover, there should be an announcement to the company’s employees regarding the stated policy and employees’ ethic. As such they can acknowledge and follow the instruction.
  2. Reconsider roadmap of 2013 - 2017 regarding sustainable development : As the Corporate Governance and Social Responsibility Committee has reviewed the sustainable development roadmap from 2013 to 2017, each department is assigned to report the result based on their responsibility. This is for following up and supporting working process to make the most effective.
  3. Sustainable risk management : The Corporate Governance and Social Responsibility Committee has reviewed the possible risk factors related to sustainability and found out 3 main risk factors including quality, safety and supply chain transparency. Therefore, the Board has found the appropriate protections and the solutions. Moreover, all the risks have been carefully considered in order to appropriately plan how to reduce the risk and its factors. All the directors and company’s employees are also informed to follow the plan correctly and appropriately.
  4. Reconsider complaint receiving process and complaint review process : The Corporate Governance and Social Responsibility Committee has seen the value in respect for right, freedom and action to all the employees and the stakeholders equally. Therefore, anyone who feels unfairly mistreated or suspects any illegal action is encouraged to report a complaint, share opinion or give advice through the company’s complaint channel duce to whistleblower policy. This whistleblower policy aims to give the whistleblower protection and justice via a website whistleblow@pps.co.th. However, so far the company has not received any complaints submitted to whistleblower system in 2017.

Considering all the aspects, the company believes that it will be able to shape the company’s business conducting and eventually simultaneously make the company, the community, the society and the environment grow strongly and sustainably in the future.



Yours sincerely

(Dr. Phongthon Tharachai)
Director of the Corporate Governance and Social Responsibility Committee