Business Code of Conduct
Rajburi Sugar Co., Ltd. and its subsidiaries conduct their businesses in accordance with the principles of good corporate governance, supported by effective, transparent, and accountable management systems. The Group places importance on the interests of its shareholders and stakeholders, with the aim of building trust and achieving stable and sustainable business growth.
In line with this commitment, the Company has established a Good Corporate Governance Policy as an integral part of its business operations. It is the responsibility of the Board of Directors, management, and employees to acknowledge, understand, and adhere to these principles as guidelines for conducting business, as follows:
1. Responsibilities of the Board of Directors
The Board of Directors is responsible for establishing the Company’s vision, strategies, policies, guidelines, and internal control systems, as well as overseeing and monitoring the Company’s operations. The Board shall ensure that management is conducted efficiently and reliably, while taking responsibility for the results of its duties and maintaining independence in decision-making.
2. Leadership and Accountability
The Board of Directors shall serve as a role model in adhering to the principles of good corporate governance. The Board shall also ensure that reliable accounting and financial reporting systems are in place, together with independent auditing mechanisms, in order to manage and resolve potential conflicts of interest.
3. Disclosure and Transparency
The Board of Directors shall ensure that material information, including both financial and non-financial information, is communicated and disclosed accurately, completely, timely, and transparently through appropriate channels that provide equal, reliable, and reasonable access to all relevant parties.
4. Board Committees
The Board of Directors may establish sub-committees as appropriate to assist in reviewing and considering important matters, and shall ensure that the results of their duties and activities are regularly reported to shareholders.
5. Selection of Key Management Personnel
The Board of Directors shall establish an appropriate system for selecting personnel for key management positions at all levels. The selection process shall be transparent, fair, and subject to appropriate review and accountability.
6. Written Corporate Governance Framework
The Board of Directors shall establish a written corporate governance framework to ensure that management and employees are fully informed of, understand, and adhere to the Company’s corporate governance principles as clear, consistent, and sustainable guidelines for business operations.
7. Compliance with Laws and Regulations
Directors, management, and employees shall strictly comply with all applicable laws, rules, regulations, and requirements, and shall perform their duties in accordance with the principles of good corporate governance. Appropriate mechanisms shall be in place to enable the Company’s practices and performance to be audited, monitored, evaluated, and reviewed on a regular basis.
