Page 75 - annual report AUCT 2025_Eng

Business Operation and Operating Results Corporate Governance Financial Statements Attachments
6. Corporate Governance Policy
Overview of the Policy and Guidelines
The Board of Union Auction Public Company Limited recognizes the importance of having an efficient,
transparent and verifiable management system. A good management system will help build confidence for
shareholders, investors, stakeholders and all related parties.
The Board of Directors established a Good Corporate Governance Policy as a part of the Company's
business ethics which reviewed by the 5/2025 Board of Directors Meeting held on 14 November 2025,
by adhering to the principles according to the good practices of the Organization for Economic Co-Operation
and Development (OECD Principles of Corporate Governance). This covers all 5 principles which includes
the Rights of Shareholders, Equitable Treatment of Shareholders, Role of Stakeholders, Disclosure and
Transparency of Information and the Responsibility of the Board of Directors. The Company also adheres
to the principles of good corporate governance for listed companies 2017 (Corporate Governance Code:
"CG Code") of the Securities and Exchange Commission based on 8 CG principles, details as follows;
1. Establish a Clear Leadership Role and Responsibilities of the Board: The Company reviewed the
duties and responsibilities of the Board and subcommittees which includes the annual evaluation of the
Board of Directors. This includes the Board of Directors’ meeting without the management, so that the
non-executive directors can independently express their opinions on performance of the management and
summarize matters to communicate to the management to apply with the formulation of the strategies
and planning for further works.
2. Define Objectives that Promote Sustainable Value Creation: The Executive and Sustainable
Development Committee set objectives from the presentation of the business operation plans and strategies
of each department which is proposed to the Board of Directors.
3. Strengthen Board Effectiveness: The Nomination and Remuneration Committee is responsible for
recruiting qualified persons with knowledge, abilities, and experience in various fields to be Company
directors in order to strengthen the Board of Directors to develop the plan of business and organization
so that it is strong and has sustainable growth.
4. Ensure Effective CEO and People Management: The Nomination and Remuneration Committee
and Human Resources Department are responsible for recruiting qualified persons who are knowledgeable
and experienced to be senior executives according to the succession plan as well as supervising the
development and training of personnel which includes the welfare of working properly.
บริิษััท สหการประมููล จำำากัด (มหาชน)
Union Auction Public Company Limited
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