Good Governance and Anti-Corruption

Good governance forms the foundation for the sustainable growth of Krungsri and companies in the Financial Business Group (Krungsri Group). It is also the main factor that drives business in an efficient, transparent, and auditable manner with accountability to all stakeholders. Therefore, Krungsri Group aspires to strengthen good governance continuously to ensure that all our business processes give utmost consideration to the risks and the responsibilities to all stakeholders, all the while boosting sustainable economic, social, and environmental development. We also instill into our employees the sense of duly complying with global good governance principles and anti-corruption, given our measure of zero tolerance toward all forms of corruption, both direct and indirect. All this will help bolster the confidence and trust of shareholders, investors, and all stakeholders in us and also add value and worth to the business in the long term.

Management Approaches
Krungsri emphasizes conducting business based on good corporate governance principles and combating all forms of corruptions. Our management approaches are as follows

• The Board of Directors stipulated ‘Good Corporate Governance Principles’ in writing. The contents cover shareholders’ rights and equitable treatment; disclosure of information and transparency; composition and qualifications of the Board of Directors; roles and responsibilities of the Chairman and the Board of Directors including the subcommittees reporting to it; roles and responsibilities of the President and Chief Executive Officer and other executives; internal control system and internal audit system; Krungsri Group’s business philosophy and roles toward stakeholders; Krungsri’s mission, vision, and core values; and the Code of Conduct and employees’ compliance with it. It is stipulated that these principles must be revised every year or without delay upon any significant change to ensure that Krungsri’s Good Corporate Governance Principles are appropriate to the changed situations and correspond with the relevant criteria, including the organization structure and the compliance environment of Krungsri Group.
• Stipulated ‘The Spirit & The Letter (S&L)’ as practices for all directors, executives, and employees in working with integrity under laws and good governance principles. The S&L specifies the matters for acknowledgement, compliance, caution, and punishment in case of violation in order to create continuous awareness of the practices. Krungsri stipulates that all employees must regularly affix signature as acknowledgement and consent to comply with The Spirit & The Letter every year.

• Regulatory excellence

• Improper payments
• Supplier relationships
• International trade controls
• Anti-money laundering
• Privacy

• Working with governments

• Complying with competition laws

• Fair employment
• Environment, health and safety
• Security and crisis management

• Intellectual property
• Controllership
• Conflicts of interest
• Insider trading & stock tipping