Statement of Corporate Governance Principles
The Board of Directors of KASIKORNLEASING (“the Board”) strongly believes that good corporate governance will enhance the sustainable growth of performance of KASIKORN LEASING Co.,Ltd ( “the Company” ) , and is central to achieving the Company’s primary objective of maximizing shareholder value. The corporate governance practices at KASIKORNLEASING provide the structure which enables this objective to be achieved, whilst ensuring that the business and affairs of the Company are conducted competitively under high ethical standards and in accordance with the law.
As a subsidiary Company of KASIKORNBANK PCL., a leading financial institution in Thailand, the Board has confirmed that it embraces the main characteristics of good corporate governance, namely:
- integrity
- transparency
- independence
- accountability
- responsibility
- fairness
- social responsibility
This “Statement of Corporate Governance Principles” reflects the values, practices and directions that apply within the Company, as determined and approved by the Board.
Risk Management and Internal Control
The Board and the Company’ Senior Executives concentrate on keeping culture of risk management and internal control in every part of Company’ operations which having communication to all staff via policy making, standard operation procedure and controlling manual, and always arrange to have memorandums from Executives. It must have defining riskiness and business control by using regulations for instant credit, trading transaction, approval authority, function arrangement, auditing, asset appraisal. Also it must have good budgeting and assessment, and reporting to the Board as always in following details;
- Over all strategies
- Business Plan
- Each Core Business Operation Result
- Differentiation Result of : Actual Operations Vs Budget and Present Year’ Actual Operations Vs Previous Year’ Actual Operations
- Detail Result Of Other Operations
Code of Conduct To The Board
The Board have responsibility to all share holders of the Company. Each one of them is the representative to all share holders and does management to the Company with independence and neutrality. Including, taking a roll in closely monitor to assure that policy and proper process have been used effectively. Moreover, continuously pursuing to get the best operation result regarding to risky condition to benefit to share holders and to other all beneficiary, subject to that they will never get involve in any decision which relate to their own private benefit.
Code of Conduct To Staff
The Board have approved code of conduct to Staff which committed company’ value relating to compliance and ethic. All Staff received code of conduct document and comply with respect to high standard in generating relationship to customers, Staff and the Company with faithfulness and fairness. This code of conduct is a part of the Company’ compliance frame work including policy and standard operation based on rule and regulation.
The Company’ Business Operation Ethic
While the Company competes hard to achieve leadership and business success, the Company is concerned not only with results, but with how those results are achieved. The Company will never accept efforts or activities to achieve those results through illegal or unethical dealings.
Relations with Share Holders
The Board always concern to the important of communication and fair treatment to Share Holders. The Company send annually Financial Information, Balance Sheet and Reports which explain in more detail of the Company’ Operations to Share Holders. In General Meeting of Share Holders is also an opportunity for all Share Holders to communicate to the Board. The Company uses website (www.kasikornleasing.com) to communicate to other beneficiary as well.