Page 76 - annual report AUCT 2025_Eng

Business Operation and Operating Results Corporate Governance Financial Statements Attachments
5. Nurture Innovation and Responsible Business: The Company has developed a modern online
auction system so that the auction is transparent and fair which can create confidence for customers and
trade partners as well. In addition, the customer and trade partner satisfaction assessments have been
arranged to bring feedback received for further development of the services.
6. Strengthen Effective Risk Management and Internal Control: The Corporate Governance and Risk
Management Committee of the Company, considered and evaluated various risks which included finding
solution guidelines and preventing potential risk regularly. In addition, the Internal Audit Office of the Company
reviewed the internal control system and managed various risk on a quarterly which was reported to the
Corporate Governance and Risk Management Committee, the Audit Committee and the Board of Directors,
respectively.
7. Ensure Disclosure and Financial Integrity: The Company provided accurate and effective accounting
processing programs and was audited by an auditor from a reputable auditing company that has no
relationship or interest with the Company, executives, major shareholders or any related person. Therefore,
the auditor is independent to the audit and expressed opinions on the Company's financial statements
and was able to maintain financial credibility and the disclosure of the Company’s information. In this
regard, the Company reviews the appointment of auditors to propose to the shareholders' meeting annually.
8. Ensure Engagement and Communication with Shareholders: The Company always provide business
information, performance and trends for investors, shareholders and interested parties to acknowledge
through various channels such as the online show for investment and organizing company visits for the
analyst and institutional investor.
These principles emphasize the role of the Board of Directors and integrates good corporate
governance principles, corporate social responsibility and sustainable development for business operations
so that all parties can benefit together and use as a practical guideline for the Company’s CG Policy. The
Company has reviewed every year. The Company has announced and informed to directors, executives,
and all employees to ensure their acknowledgement and strict practices.
Policy and Guidelines of the Board
Board of Directors’ Structure
The Board of Directors consists of persons with knowledge, expertise and experience beneficial to
the business and committed to conduct the efficient administration for the quality growth and sustainability
of the business. The business administration focuses on ethics and utmost benefits for shareholders. The
Board of Directors identifies the policy, vision, mission, objectives and supervises the executive team to
76
Annual Registration Statement / Annual Report 2025
(Form 56-1 One Report)