Overview of Corporate Governance Policy and Practices
  • Promoting Good Governance: Operates with high standards, transparency, and equality for all stakeholders to foster sustainable growth.
  • Comprehensive Communication: Ensures all directors, executives, and employees understand and apply the policy as a practical guideline.

Establishes policies as good practice guidelines aligned with socio-economic changes, based on the SEC's Corporate Governance Code for listed companies (2017) and SET criteria. Directors, executives, and employees at all levels must adhere to these principles.

The Board of Directors, executives, and all employees are committed to complying with the Company's good corporate governance principles in operations. The Board of Directors will perform their duties with dedication, respect rights, and treat stakeholders equally. The Board of Directors establishes the Company's policy and Business Code of Conduct as practical guidelines for all stakeholders. The Board of Directors plays a role in defining the vision, mission, and approving guidelines for setting strategies, policies, business plans, and budgets, as well as supervising and controlling operations to comply with set policies, to maximize value for the business and shareholders. The Board of Directors ensures there is an organizational structure with a clear segregation of duties and responsibilities among the Board of Directors, Sub-committees, Managing Director, and management. It also ensures there is an internal control and internal audit system, a risk system, and oversees the management of conflicts of interest and related party transactions. The Board of Directors ensures there is an effective anti-corruption support system to ensure the Company recognizes and emphasizes anti-corruption within the Company. The Board of Directors oversees the preparation of financial statements and financial information in accordance with generally accepted accounting standards, with sufficient and reliable disclosure of material information to ensure the reliability of the accounting, financial reporting, and auditing systems. The Board of Directors must provide an annual self-assessment to serve as a framework for reviewing the Board's performance. The Board of Directors ensures there is an appropriate, transparent, and fair recruitment system for key management positions at all levels. The Company has published its good corporate governance policy, business ethics, and code of conduct on the Company's website at www.unionpetrochemical.com for investors, interested parties, and all stakeholders to access and read.

Fair Business Practices

The Company treats trade competitors fairly under applicable laws and business ethics, ensuring mutual fair returns.
  • No Exploitation: Avoids distorting business information that could damage competitors' reputations.
  • Avoiding Conflicts: Refrains from discussing marketing or business plans with competitors' employees.
  • Confidentiality: Protects partners' information and does not use it for undue personal benefit.
  • Intellectual Property: Respects intellectual property rights and promotes the use of properly licensed goods and services.

Anti-Corruption Guidelines

Declaring Intent Against All Forms of Corruption: The Company is committed to operating under good corporate governance, emphasizing transparency. Clear policies and guidelines are established to provide a framework for all directors, executives, and employees.