Page 122 - Thailand Post Annual Report 2024

Part 1
Overview of the Organization
Part 2
Business Trends
Part 3
Business Model
Part 4
Strategies and Resource Allocation
Part 5
Risk
Part 6
Corporate Governance
Part 7
Operating Results
Part 8
Other Information
Corporate Governance Structure and
Key Information about the Committees, Subcommittees, Executives and Employees
Corporate Governance Structure
THP’s corporate governance structure consists of THP Board of Directors and 11 subcommittees appointed by THP Board of Directors. There are 6 subcommittees that are appointed under laws and relevant regulations, including Principles and Practices on Good Corporate Governance in State Enterprises, B.E. 2562 (2019) and criteria on assessment of operational processes and management (Core Business Enablers) of the State Enterprise Policy Committee, Ministry of Finance, and 5 additional subcommittees to assist in studying and screening work, as follows :
1. Subcommittees appointed in accordance with related laws, regulations and criteria
• THP Audit Committee
• THP Director Nomination and Remuneration
Subcommittee
• THP Chief Executive Officer Performance
Evaluation Subcommittee
• Corporate Governance, Risk Management
and Sustainability Development Subcommittee • Digital Technology Development and Data
Driven Organization Subcommittee • THP Relations Affairs Committee
2. Additional appointed subcommittees to assist in studying and screening work.
• THP Executive Committee (ExComm)
• Marketing and Communication Strategies
Subcommittee
• Law Subcommittee
• Strategy Driving and Investment Screening
Subcommittee
• Ad Hoc Subcommittee to Consider the THP
Annual Budget 2025
THP Board of Directors shall oversee the performances of the management through the subcommittees and the Chief Executive Officer who work together with the senior management of THP, including Chief Officer of each line of work and Senior Executive Vice President of each aspect (including the Internal Audit Office) to achieve the determined goals by taking account of the rights of government shareholders and relevant stakeholders. In overseeing subsidiaries and joint ventures, THP, as a shareholder, holds the same rights as other shareholders, such as the right to attend meetings and vote. THP Board of Directors appoints representatives to the boards of subsidiaries and joint ventures and defines their roles and responsibilities to ensure that they act with integrity and safeguard the interests of these entities while aligning with THP’s overall policies and operational direction.
120 Thailand Post Company Limited