Significance

BPP is committed to operating business in accordance with the CG and code of conduct principles. It aims at conducting business for the sake of shareholders, investors, customers, business partners, communities and all groups of stakeholders. As a result, BPP puts its utmost efforts to create business growth with sound return, along with conducting business with honesty, integrity and adhering to morality and ethics. It also operates business based on the operational guidelines according to laws and regulations related to business operations both within the country and abroad. BPP also supports the creation of good conscience in order to be an organization operating business efficiently and transparently, including driving the organization towards the sustainability leader in terms of good corporate governance.

Management Approach

BPP established a Governance and Nomination Committee responsible for setting and reviewing the CG policy and code of conduct manual, including the anti-corruption policy in order to be in line with the CG principles of legal and regulatory agencies as well as international practices appropriately. In addition, BPP provides training and communication on CG and anti-corruption to executives and employees at all levels. This includes arranging a knowledge test in order to create awareness and promote knowledge and understanding of good operations according to the CG principles.
BPP has prepared the code of conduct manual and communicated about such a guidebook to all directors, executives and employees to use as a guideline for working and performing their duties with honesty and transparency, upholding to the rules of law, standing firms in justice and ethics, including paying great attention to customers and social responsibility, not being involved with politics and taking into account all groups of stakeholders. These also include non-involvement in human rights violations, anti-corruption, no gifts and bribes, no conflicts of interest, no actions infringing others’ intellectual properties or copyrights, as well as having channels for stakeholder’s
whistleblowing.

In 2023, BPP updated its CG policy and code of conduct manual. The role and duties of the Environment, Social and Governance (ESG) Committee have been specified so as to raise the level
of sustainable business management, covering the areas of environmental, social and corporate governance.

BPP focuses on developing business ethics to meet the international standards and adheres to operating business in accordance with applicable laws, rules, regulations and criteria related to business operations both domestically and internationally, for example:

• The Good Corporate Governance principle for listed companies by the Stock Exchange of Thailand and the Securities and Exchange Commission
• Articles of Association of the Company according to the Securities and Exchange Act.
• Policy Statement on Code of Best Practices of Directors of Listed Companies
• The CG ASEAN Scored Card by ASEAN Capital Market Forum
• Principles of Corporate Governance โดย The Organization for Economic Co-operation and Development (OECD)

BPP continues fighting against all forms of corruption, whether directly, indirectly or through the third parties. BPP’s anti-corruption operation is in accordance with the anti-corruption guidelines and policy regarding accepting and offering of gifts, hospitality or other similar forms. The aim is to be a clear practice guideline for operating business with honesty, transparency and verifiability. In the fourth quarter of 2022, BPP was renewed as a member of the Thai Private Sector Collective Action Against Corruption (CAC) for the first consecutive period, with a certification period of 3 years.

Performance

• A membership in Thailand’s Private Sector Collective Action Coalition Against Corruption (CAC) was renewed in Q4/2022, marking the second term after being certified for the first time in 2019.
• Having received the “Excellence CG Scoring” rating or accountable for 97%. The rating received was based on the 2023 corporate governance survey of listed companies organized by the Thai Institute of Directors (IOD).  BPP has received this “Excellence CG Scoring” rating for the fourth consecutive year, reinforcing its commitment and success in sustainability operations, which has taken into account the environmental, social and good governance (ESG) issues.
• BPP was ranked as one of 234 listed companies from six ASEAN countries, namely Thailand, Malaysia, Singapore, Philippines, Indonesia and Vietnam. The Company was selected in the “ASEAN Asset Class Publicly Listed Companies 2021” group, receiving an ASEAN CG Scorecard of 50 points up.
• BPP was appraised by the Thai Investors Association on the topic of “Tutoring Intensively, receiving 100% Scores”, or “Tiwkhem Hai Temroi” in Thai. BPP received a full 100% score.

Moreover, BPP has cultivated a culture of ethical operation by defining it as one of the corporate core values and one of the key performance indicators (KPI) of all executives and employees. In 2023, BPP continued promoting various activities so as to ensure that all of its personnel know about business ethics and anti-corruption as follows:

• A training on organizational business ethics for newly hired employees with 100% attendances.
• A knowledge test on corporate governance and business ethics was conducted with executives and employees accepting such policies 100%.
• No significant complaints relating to corporate governance.
• None of incidents associated with corporate governance and corruption.
• The 2023 corporate culture survey conducted with employees found that the Adhere to Integrity and Ethics, one of the attributes of Committed core value was in a satisfactory level.
• Organizing an internal communication activity under the topic of CG Safeguard, with an aim to create awareness and understanding about business ethics through various activities
• Conducting CG communications in the form of VDO podcast every Friday through the program called “Friday Morning News Program” so as to make executives and employees well aware of the CG principles seen up-close, inclusion of reviewing the correct understanding.
• Assessing the corruption risks and developing preventive measures for the year 2023 by conducting risk assessments covering every business in all countries where BPP has investments, both at the subsidiary and joint venture companies, and reporting the results to the Risk Management Committee.
• Continuously operating business in accordance with the guidelines on accepting and offering of gifts, hospitality, or other similar forms in accordance with the “No Gift Policy”, and communicating the anti-corruption policy to directors, executives and employees throughout the organization, including stakeholders in order to make the policy into materialized practices.

 

Key Activities and Projects

 

เอกสารดาวน์โหลด

Corporate Governance Policy and Code of Conduct

Anti-Corruption Policy