Page 144 - 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
Report on Compliance with Relevant Laws and Regulations
THP gives importance to supervising compliance with relevant laws and regulations to assure stakeholders that THP 's operations comply with relevant laws, rules, regulations, and performance standards in accordance with the Principles and Guidelines for Good Corporate Governance in State Enterprises, B.E 2562 (2019) and the State Enterprise Performance Assessment Model (SE – AM) as prescribed by the State Enterprise Policy Office (SEPO), Ministry of Finance. Key operations include the following :
• Announcement of the compliance policy by defining the roles, duties and responsibilities of the Board of Directors which focus on compliance control, especially regarding laws of great importance, such as antitrust and trade competition laws, anti-money laundering laws, anti-corruption laws, personal data protection laws, labor laws, human rights laws, etc.
• Appointment of the Senor Executive Vice President (Administration) as the Compliance Officer, and the assignment of the Secretarial & General Administration Department as the Compliance Unit.
• Establishment of processes for monitoring, studying and considering relevant laws, regulations and cabinet resolutions that have a concrete impact on the operations of THP, and application of these requirements to determine THP’s rules and regulations, as well as provision of tools and guidelines for the operations in full compliance with relevant laws, regulations and impactful cabinet resolutions.
• Establishment of processes for assessing impacts of relevant laws, regulations and cabinet resolutions on THP’s provision of key services or business operations (Regulatory Impact Assessment : RIA) by conducting assessment of legal impact on THP, assessment of legal risks and assessment of internal control processes, so that risks can be managed appropriately.
From the supervision of the operations to comply with the laws and related regulations, it was found that the process has contributed to THP’s operations in accordance with relevant laws and regulations appropriately, as well as preparation of accurate and quick performance reports. As a result, the Board of Directors is able to access important and necessary data for supervision of THP’s operation to ensure compliance with the relevant laws, rules, regulations and performance standards with sufficient quality and effectiveness.
142 Thailand Post Company Limited