Page 124 - 56-1 One Report 2022 EN

Part 2 Corporate Governance

6. Corporate Governance Policy

Thaicom Public Company Limited (“the Company”) under the supervision of the Board of Directors (“Board”)
realizes the importance of the principles of good corporate governance as a foundation of the Company’s
sustainable growth and as the benefit to the business of the Company by making the management system efficient,
transparent and verifiable. The Board then considered as its essential mission to maintain good corporate
governance, ethics in conducting the Company’s business, and the principle of sustainable development in order
to build confidence among all stakeholders. This will lead to value added and sustainable growth of the Company
in the long term, including rights and equitable treatment of shareholders, the role of stakeholders, disclosure and
transparency, risk management and internal control, and responsibilities of the Board, as well as continuously aware
on Environmental, Social, and Governance (ESG) in accordance to international standard from within to outside
organization in order to achieve the Company’s goal. The Board has adopted and continued to implement the
corporate governance policy to assist it in discharging its duties in a proper manner. This policy is reviewed
periodically to align with the principle Corporate Governance Code (CG Code) of the Securities and Exchange
Commission (SEC) to be used as a guideline for the Company's operations.

Besides the corporate governance policy, the Company also established the Company’s Code of Conduct in 2015
to use as a guide to our ethical business practices, and it has been periodically monitored and reviewed.
Additionally, the Company also places importance on the sustainable development by separately setting out the
Company’s sustainability policy and objectives in order for a clear and throughout execution.
6.1 Overview of Policies and Corporate Governance Practices

The overview of policies and practices of the Corporate Governance Policy covers the following five sections:
Section 1 The Board of Directors

Section 2 Rights and Equitable Treatment of Shareholders

Section 3 Role of Stakeholders
Section 4 Disclosure and Transparency

Section 5 Risk Management and Internal Control

6.1.1 Policies and Practice relates to the Board of Directors
The Company has developed the policies and guidelines for the Board of Directors, which covers the following
matters:

Qualifications of the Directors
1. The Director of the Company must be knowledgeable and competent persons. Be honest and ethical in
conducting business and have sufficient time to dedicate knowledge, ability and perform duties for the
Company.

2. The Director of the Company must possess the required qualifications and meet the eligibility criteria set
forth by the Law on Public Limited Companies, the Securities and Exchange Act, and other relevant
regulations. In accordance with Section 89/3 of the Securities and Exchange Act B.E. 2535 (1992) as

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