Page 269 - CRC_One Report 2021_EN

Business Overview and Performance Corporate Governance Financial Statements Enclosure

(4) Risk Policy Committee consists of at least three (3) (2) Code of Conduct

Risk Policy Committee members to support the Board
of Directors in supervising to ensure that the company The Company has the intention to carry out the business
has an adequate and appropriate risk management transparently, honestly, and with responsibility to
system. This will enable the company to achieve the stakeholders, societies and environments.
its objectives with efficiency and effectiveness and With approval of the Board of Directors, it has set up
complies with relevant laws and standards in order to its Code of Conduct for its employees to adhere as follows:
ensure that the overall risk is at an acceptable level.
Section 1 Guidelines for business conduct
(5) Corporate Governance and Sustainability
Committee consists of at least three (3) Corporate Section 2 Guidelines for dealing with customers,
Governance and Sustainability Committee members suppliers, creditors and competitors
to support the Board of Directors regarding
the corporate governance and sustainability Section 3 Guidelines on conducting towards
development of the Company as well as to ensure the Company
that the company’s directions, policies and strategies
are well-operated with good corporate governance Section 4 Guidelines on social responsibility
and sustainable development.
Section 5 Guidelines on violation or non-compliance
Furthermore, the Company has appointed the corporate to the Company’s Code of conduct
secretary to carry out the Board of Directors’ and
the shareholders’ meetings, support the work of The Company has announced its practices
the Board of Directors in respect to laws and regulations for acknowledgement and compliance by
as well as coordinate to ensure compliance with resolutions all employees via its intranet.
of the Board of Directors’ and the shareholders’meetings.
(3) Conflict of Interests
2. The Board of Director’s Duties and
Responsibilities The Company manages the conflict of interest carefully,
honestly, reasonably and independently under the good
The Board of Directors is accountable to the shareholders ethical framework mainly for the benefit of the Company.
in conducting the Company’s business operation. Person who has a conflict of interest and/or connected
It has duty to define the Company’s policy and direction person and person who has interest in any matter
as well as to ensure the business operation is carried have to disclose information to the Company and
out in accordance with the business goal, objective, must not take part in approving such matter.
vision, strategy and direction for the long-term benefit
of shareholders within the legal framework and The Company also sets a policy related to
the Company’s guidelines while considering the benefit the Related Party Transactions (RPT) and Conflict of
of all stakeholders. Details of the role, duties and Interest Transactions related to laws, regulations of
responsibilities of the Board of Directors are prescribed the Office of SEC, SEC, the Thai Capital Market
in its Charter. Additionally, the Board of Directors Supervisory Board and SET. The transactions will be
is responsible for the following matters: disclosed in the Annual Report (Form 56-1 One Report).

(1) Good Corporate Governance Policy (4) Internal Audit

The Company sets the Good Corporate Governance Policy The Company has set up the efficient internal control
in writing and proposes to the Board of Directors’ meeting system in both management and operation levels.
to approve such policy, with the purposes to serve as The Company’s Internal Audit Department is responsible
a guideline for the directors, executives and employees. for assessing the adequacy of the internal control system
The policy will be reviewed annually. and report to the Audit Committee according to its plan.

Annual Report 2021 (Form 56-1 One-Report) 269