Page 68 - ACC One Report 2567-En

Business ethics
The company upholds in the corporate regulation on the management and staff’ ethics (Corporate Code of Conduct). Those related can use it as a guideline when conducting the company’s missions through honesty, integrity, and fairness towards the company and all stakeholders, the public, and the society. Those related acknowledge in written signature and agree to comply. Also, the company communicates with the employees regularly, and follows the conduct in compliance with the Corporate Code of Conduct as well as setting disciplinary punishment for those who violate the Code of Conduct.
Balance of power of non-executive directors
The company’s Board of Directors consist of 8 Directors with experiences in the business’ various dimensions: 4 non-executive Directors; 4 directors who are member of Executive Comiitee, and 3 independent Directors. (1 out of 3 of the whole directors) The company exercises an efficient balance of power of Directors through authorized Directors as follows, “Authorized Directors with signatory to the company are Mrs. Supin Siripoke, Mr. Saovapak Sakulromvilas and Mr. Vichien Uasanguankul. Two of these three Directors can sign and stamp the company’s seal.”
The Board of Directors’ meeting
The company organizes the Board of Directors’ meeting at least 4 times per year, and call for a special session if necessary. Letter of invitation along with the meeting’s agenda and necessary information for each agenda’s consideration will be sent to the Directors in advance to give them ample time for preparation on discussions. The meeting normally takes about 1-2 hours. The minutes are noted in detail and sent to every Director for approval. The company’s secretary is tasked with saving the minutes in a systematic and easy manner for searching when needed to.
Sub-Committee
The sub-committee values the good corporate governance which corresponds with international standards and the policies of the Stock Exchange of Thailand. It therefore forms an investigating committee which is a key integral part of the policy of good corporate governance. It consists of 3 independent committees who fit the requirements of the Stock Exchange of Thailand. They are to perform the tasks appointed by the company’s Board of Directors as well as making sure that the financial report is conducted in a concise and transparent manner as much as it could.
Internal audit and control system
• The company requires that the company’s performance must be verified and controlled to ensure its strict compliance with the law and related regulations.
• The company’s management organizes a meeting every month to follow up and keep up with the company’s outcome on whether it reaches the goals. Also, the meeting is to point out problems and obstacles that take place, so solutions and improvement can be explored.
รายงานของคณะกรรมการ
The company’s Board of Directors is aware of its duty and responsibility in supervising and ensuring that the company’s financial report features correct, complete, and transparent accounting information. Consolidated financial statements of the company and its subsidiaries as well as financial information featured in the annual report are processed with widely-accepted accounting standard through the use of appropriate accounting policy that has always been practiced as well as using utmost consideration and the best estimates. Essential information is revealed as necessary in the Notes to Financial Statement, which benefits the shareholders and general investors who can acknowledge the complete, concise, and plausible information on financial status and the overall operation.
Annual Report 2024 (Form 56-1 One Report)
Advanced Connection Corporation Public Company Limited
68