Business Ethics Policy

Corporate Governance

Regulatory compliance and Promoting Ethical Behaviors

The Company is determined to encourage and support the principles of good corporate governance along with its business operation because it realizes that good corporate governance would drive management system towards efficiency, transparency and accountability. This would enhance the confidence of the shareholders, investors, stakeholders and all relevant parties, which leads to a sustainable growth and increases value for the shareholders in the long term. Apart from conducting business with highest standards of conduct (both organizational and personal) according to “Tata Code of Conduct: TCOC”, the company has followed the five categories of the principles of good corporate governance for listed companies issued by SET. This has been documented in the Company’s “Good Corporate Governance Policy” since 2005. The principles were adapted for appropriate use in relation to Company’s situation and have been reviewed and improved to make it up-to-date and aligned with the ever changing business environment. The Company has been always been rated as “very good” in the Corporate Governance evaluation.