Corporate Governance Structure
Corporate Governance Structure
Fostering Diversity
SCBX seeks to foster diversity in terms of gender, race, nationality, age, educational background, professional experience, skills, knowledge, and other legal and societal aspects, which take into account social context and relevant laws by integrating diversity factors in director nomination criteria and selection processes to a greater breadth of perspectives and opinions, benefiting all stakeholders and driving sustainable growth.
Promoting Board Effectiveness
SCBX encourages directors’ responsibility by specifying that Board meetings be organized at least six times per year and at least once every three months. Each director is required to attend at least 75% of the total number of meetings in a given year.
SCBX organizes an annual Board and Committee assessment which is divided into four parts, namely: 1. Board assessment, 2. Board committee assessment, 3. Individual director assessment, and 4. Board and chairman assessment. Self-evaluations and cross-evaluations are also conducted by SCBX on an annual basis and by a third party once every three years or as deemed appropriate.
Additionally, SCBX strictly complies with Thai laws, including disgorgement of benefits from directors and executives (Clawback), in compliance with Section 89/18 and 89/19 of the Securities and Exchange Act B.E. 1992. The sections stipulate that in an event that a director/executive performs or omits to perform duties as specified in the Section 89/7, the company has the right to disgorge any given benefits from responsible directors/executives.
Risk Management
