Page 63 - KEX EXPRESS (THAILAND) PUBLIC COMPANY LIMITED : ANNUAL REPORT 2024

KEX EXPRESS (THAILAND) PUBLIC COMPANY LIMITED 63

Good Corporate Governance and Performance Report

Good Corporate Governance Policy Operational Highlights and Financial Summary

The Board of Directors has established the Good responsibilities of the Chairman of the Board and the
Operational Highlights and Financial Summary
Corporate Governance Policy following the CG code of Chief Executive Officer (CEO) are distinctly separated.
the SEC, applicable regulations, and internationally The company also operates under a functional structure,
accepted standards. The Good Corporate Governance with key divisions such as Finance, Operations,
Policy has been communicated to all directors, Marketing, Human Resources, Technology & Information,

management, and staff for implementation. The results and General Administration & Procurement. This structure
are annually reported in Form 56-1 One Report. The is designed to prevent conflicts of interest and mitigate Key Milestones
Board of Directors has also prescribed specific policies the risk of corruption.
and guidelines for important matters, e.g., the Code of
Key Milestones
Business Ethics, the Anti-Corruption and Anti-Bribery To ensure proper oversight, an Internal Audit Unit, which
Policy, and the Corporate Social Responsibilities Policy. reports directly to the Audit Committee, is responsible
for reviewing operations and assessing the adequacy,
Performance report efficiency, and effectiveness of internal control systems
across all divisions. To align with the company’s strategic Business Overview
1. An establishment of clear leadership roles and direction and prevent the misuse of authority, the Table
Business Overview
responsibilities of the Board of Directors of Authority is reviewed annually, ensuring that the roles

As the leader of KEX, the Board of Directors has and responsibilities of the Board of Directors, Chairman
assigned the management to prescribe the business of the Board, CEO, and senior management remain
strategies in conformity with the Company’s vision and appropriate and effective.
mission that has been annually reviewed and approved
by the Board of Directors and allocate sufficient budget 2. Defining objectives that promote sustainable value
for the execution of such strategies. To define KEX’s objectives and KPIs, the Board of
Directors considers KEX’s business environment, Governance Structure and Practices
The Board of Directors has set up the sub-committees changes in business factors, and competitive advantage.
to focus on particular tasks according to their charters In doing this, the expectations of our key stakeholders
set forth by the Board of Directors and required them are considered to analyse and identify issues that are
to report their performance to the Board of Directors at the most significant to the business and actions to be
Governance Structure and Practices
least once every quarter. If a sub-committee has no taken to manage these issues. Under the direction of
meeting in any quarter, its performance report can be the Board of Directors, the management develops a
postponed to the next quarter. The management also strategy roadmap accordingly, proposes it to the Board
provides monthly updates on KEX’s performance and of Directors for its approval, and regularly reports the
significant changes to the Board of Directors. progress to the Board. Financial Performance

The Board of Directors has established a clear separation To uphold the ethical standards across the organisation,
Financial Performance
of powers and responsibilities between the Board and KEX has placed a strong foundation on legal compliance
management by implementing a Table of Authority. This and good corporate governance, enabling us to create
table specifies that matters of significance, such as value in the long term. If an employee or an external
changes to the organizational structure, the determination stakeholder is aware of any violation of the law or KEX’s
of vision, mission, and strategy, must receive approval business ethics, the person has a responsibility to speak
from the Board of Directors. Additionally, the roles and up by sending an e-mail directly to the Audit Committee Sustainable Development

Sustainable Development