Fundamentals of Sustainable Development

Good Corporate Governance

Risk

Ineffective corporate governance can have a significant impact on many key stakeholders, resulting in negative social and environmental consequences. This will have a negative impact on the Company’s reputation and ability to generate future value, as well as the trust of the affected stakeholders.

Opportunity

Ensuring ethical, transparent, and responsible business operations toward all stakeholders is a crucial foundation for instilling confidence among the stakeholders. This impacts the Company's credibility and ability to achieve long-term sustainable growth.

Board of Directors

In 2023, the Company’s Board of Directors had six members, consisting of one executive director, and five non-executive directors, which accounted for 83.33% of the total number of board members. Four independent directors accounted for 66.67% of the total number of board members. All directors were chosen based on legal qualifications and criteria specified by the Office of the Securities and Exchange Commission (SEC). The Nomination and Remuneration Committee determined the selection criteria and process for achieving a Board of Directors with diverse qualifications, expertise, capabilities, and experiences according to the Skill Matrix. This contributes to the Company’s effective governance and the maximization of benefits for all stakeholders.

Board Skills Matrix

Mr. Vikrom Kromadit

Industrial estate business aspect
Marketing / business development aspect
Strategy aspect

Mr. Chackchai Panichapat

Technological aspect
Corporate governance aspect
Strategy aspect

Mr. Anucha Sihanatkathakul

Corporate governance aspect
Marketing / business development aspect
Risk management aspect
Financial / accounting aspect

Mr. Noppun Muangkote

Corporate governance aspect
Legal aspect

Assoc. Prof. Dr. Somchet Thinaphong

Industrial estate business aspect
Technological aspect

Mr. Tevin Vongvanich

Technological aspect
Risk management aspect
Strategy aspect

Background and information of the Board of Directors, please see 56-1 One Report 2023, Corporate Governance Structure section.

Performance of the Board of Directors

The Company encourages and supports the development of the directors’ capability by facilitating their participation in national and regional training programs and activities. This enables them to leverage their acquired knowledge and experience for the benefit of the Company. The following directors participated in these training programs in 2023:

Vikrom Kromadit attended the Director Accreditation Program (DAP) 205/2023, organized by the Thai Institute of Directors Association, on 12 June 2023.
Tevin Vongvanich attended the training course "Hot Issue for Directors: Climate Governance," organized by the Thai Institute of Directors Association, on 28 November 2023.

Building Capability of the Board of Directors

1） Vikrom Kromadit attended the Director Accreditation Program (DAP) 205/2023, organized by the Thai Institute of Directors Association, on 12 June 2023.

2） Tevin Vongvanich attended the training course "Hot Issue for Directors: Climate Governance," organized by the Thai Institute of Directors Association, on 28 November 2023.

Board of Directors’ meeting to follow up the sustainable development performance in 2022

There were four Board of Directors meetings held to follow up on the Company’s sustainable development activities. The Chairman of AMATA’s Sustainable Development Committee reported the progress of various activities to the Board of Directors in order to acknowledge and seek advice on sustainability topic management as well as to determine the Sustainability Corporate Goals and KPIs, which serve as key performance indicators of the Company’s leaders and top executives in addition to financial KPIs.

Furthermore, the sub-committees convened a total of six meetings to evaluate sustainability performance; two meetings of the Corporate Governance Committee and four meetings of the Risk Management Committee. The Chairman of AMATA’s Sustainable Development Committee reported the results of the materiality determination to the Corporate Governance Committee for acknowledgment and advice, as well as considering management approaches to each strategic priority. The material topics related to economic, social, and environmental risks were reported to the Risk Management Committee in order to determine and identify the enterprise risks properly.

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Good Corporate Governance