Page 73 - Tata Steel One Report 2024-Eng-Ebook HY

Business Operation and Performance Driving Business Towards Sustainability Corporate Governance Policy Financial Statements Attachments
Good Corporate Governance and Promoting Ethical Behaviors
The Company received the Corporate Governance Report (CGR) for the year 2024 from Thai Institute of Directors (IOD) in collaboration with the Stock Exchange of Thailand with the rating of “Excellence”, at an average score of 100 points that was higher than the average scores of all listed companies rating of “Very good” at score of 84 points.
Corporate Governance and Regulatory Compliance
of shareholders, role of stakeholders, disclosure and transparency, and responsibilities of the Board of Directors.
The Board of Directors has considered and reviewed the Corporate Governance principles which have been defined in 4 categories: namely, rights of shareholders & equitable treatment of shareholders, role of stakeholders & business development for sustainability, disclosure, transparency and Board responsibilities. The Company has improved the annual performance evaluation forms for Board of Directors and the Committees as well as considered and reviewed the corporate governance reports of each category as recommended by the Stock Exchange of Thailand in accordance with the principles of Good Corporate Governance.
Tax Policy
The Company has formulated a Tax Policy showing its commitment to comply with the law, general accounting standard, and other regulations related to tax management, legal usage of tax privileges, and tax structure. Strategic risk assessment and tax planning are integrated into strategy and regularly reviewed. Tax Policy has been disclosed on the Company’s website.
The Company provides a report on compliance with Good Corporate Governance as mentioned in Part 2: Corporate Governance, which explains the important issues of Corporate Governance Policy, structure of Committee and Sub-Committees, selection and appointment of the Directors and Senior Management Executives, qualifications of Directors and Independent Directors, guideline and voting procedures, Corporate Governance of subsidiaries and affiliates, use of insider information, auditor remuneration, and compliance with Good Corporate Governance principles in other matters that included shareholder’s right, equitable treatment
Structure of Management of Business Ethics
APEX BUSINESS ETHICS COMMITTEE - TATA STEEL (THAILAND) PLC. GROUP
Ethics Counselor
Business Ethics Sub-Committee Head Office, Bangkok
Women Committee Ethics Coordinator
Business Ethics Sub-Committee NTS Plant
Women Committee Ethics Coordinator
Business Ethics Sub-Committee SCSC Plant
Women Committee Ethics Coordinator
Business Ethics Sub-Committee SISCO Plant
Women Committee Ethics Coordinator
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