Page 128 - Tata Steel One Report 2024-Eng-Ebook HY

Business Operation and Performance Driving Business Towards Sustainability
Corporate Governance Policy Financial Statements Attachments
responsible for the communication and coordination with the external stakeholders i.e. shareholders, institutional shareholders, investors, analysts, and other related agencies. The Company provides convenient channels for accessing the Company’s information such as disseminating company information in both Thai and English via the Company’s website www. tatasteelthailand.com in relation to business operations, financial statements, press releases, shareholding structure, organization structure, business group structure, information of the Board and Managements, Investor Relations, regulations and corporate governance including downloadable information such as Integrated Annual Report (Form 56-1 One Report), notice of the shareholders' meeting and minutes of the shareholders' meeting, etc. This policy has been developed to strengthen investors’ understanding and confidence in the Company.
Furthermore, after quarterly and annual financial performance is disclosed to SET, the Company conducts quarterly Press conference to disseminate its operational performances and to the public via the Company’s website www.tatasteelthailand.com.
Category V
Responsibilities of the Board of Directors
The Company has specified roles and responsibilities of the Board of Directors to ensure they can perform their duties based on integrity, carefulness, and circumspection with the objective to provide all shareholders with equitable treatment and create mutual confidence between shareholders and the Company. The Company’s management system complying with good corporate governance principles has been implemented to ensure honest, reasonable, and independent supervision and operations under the legal framework and business ethics aiming for greater performances of the Board of Directors, particularly to maximize benefits for all stakeholders.
Structure of the Board
The Company has remained firm in checking and balancing the management principles (checks and balances), while emphasizing clearly the Board diversity strategy. The Board of Directors comprises of qualified persons with appropriate knowledge, ability, experience,
professionalism, gender diversity (at least one woman Director), and leadership backed by organizational management skills and perspectives strictly committing to time and efforts for functioning and responding for the position of Director, who can express freely and independently to benefit the Company’s business operations. Committees are also appointed to consider specific matters leading to appropriate decision making in compliance with corporate governance principles.
In addition, the Board of Directors has also appointed a qualified and experienced Company Secretary to be responsible for secretarial matters in accordance with the provisions of “Management Structure”.
Duties, Roles, and Responsibilities of the Board of Directors
The Board of Directors shall devote time and effort to the Company and would never seek personal gain or be involved in any conflict of interest deemed to have competed with the business operations of the Company and its subsidiary. The ultimate goal is to keep the business stable for the balanced and sustainable benefits of all stakeholders, while being able to increase the shareholders’ value in the long run, conforming to the Company’s vision and goal.
The Board of Directors is responsible for defining the Company’s visions, missions, management strategies, long-term plans, and annual budgets by delegating the Management to propose the aforementioned matters to the Board of Directors, which would be discussed fully and mutually based on cautiousness, honesty, and accountability aiming for greater business efficiency. During the financial year 2024-25, the Board of Directors has reviewed and approved the Company’s vision, mission, policies, long term plan strategies, annual budget including the Company’s operations, risk management and budget allocation plans, while evaluating the overall performance of the Company and its committees on a quarterly basis. The Directors have also reviewed the strategies, objectives and annual budgets. The Board of Directors monitors the implementation of the Company strategy through the performance of the Company on a quarterly basis. Furthermore, the Company has developed effective monitoring and supervision measures
126 Tata Steel (Thailand) Public Company Limited