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The Board of Directors, in its capacity as the Corporate Governance Subcom-mittee, is committed to ensuring that the Company’s operations comply with the good corporate governance guidelines which are stipulated by the Stock Exchange of Thailand and are in line with the international practice. The Company encourages employees at all levels to operate according to the good corporate governance principles with the aim of assuring shareholders, investors, customers and stakeholders that the Company’s has adopted efficient, transparent, accountable and fair management mechanism which adds values and promotes sustainable growth of the Company in accordance with its vision and goals of achieving continuous growth and remarkable competi-tiveness as well as gaining recognition and trust from both local and interna-tional customers. The Company constantly conducted the training program on good corporate governance and code of conduct in an effort to concretely communicate the Company’s relevant policies to the management and employees at all levels; to encourage the employees to recognize the importance of good corporate governance and their roles and responsibilities and to comply with the Com-pany’s code of conduct; and to consistently cultivate the good corporate governance culture within the Company. In addition, the Company partici-pated in a wide array of anti-corruption initiatives. According to the Employee Opinion Survey (EOS) for 2014, the average score of all entities under the topic of anti-corruption was 4.49 (out of the total of 5.00), which was the highest compared to other topics and the Company has participated into the certification process of the Private Sector Collective Action Coalition against corruption (CAC). Our consistent adherence to the principle of good corporate governance earned the Company the Top Corporate Governance Report Award from the Stock Exchange of Thailand for five years (2003-2006 and 2010). In 2014, the National Corporate Governance Committee assigned the Company the good governance score of 81 % or “Good” which was above the average score of 80% assigned to peer listed companies in the SET 100 Index. This marked the fifth consecutive year of the Company’s accomplishment of the “Excellent” rating. In addition, the Company’s 2014 shareholders meeting was rated 98.25 points or “Excellent” by the Thai Investors Association. In 2014 the company won the CSR-DIW Continuous Award for the fifth con-secutive year as an entrepreneur who operates a sustainable social re-sponsibility, ready for ISO 26000 international standard towards Sustainable Development of the Department of Industrial Works, Ministry of Industry, The company also makes a report responsibility in compliance to the Management System Certification Institute (Thailand). This indicates that the company is operating a social responsibility continuously. Moreover the company focused more on developing the capacity of employees by creating and promoting a happy workplace in the company. TIPCO Foods Public Company Limited (the Company) has been awarded the outstanding establishment Labour Rela-tions and Welfare from the Department of Labour Protection and Welfare, continued for four consecutive years. Others awards are the National Award for Safety from Occupational Health. Environment from Department of Labour Protection and Welfare, Award for the Loss Reduction and Productivity increase Project from the Department of Skill Development. REPORT OF THE CORPORATE GOVERNANCE SUBCOM-MITTEE ANNUAL REPORT 2014


EN_Tipco_Annual Report 2014
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