Corporate Governance Framework and Structure
Corporate Governance Framework
[GRI 2-9 (2021), 2-12 (2021), 2-13 (2021)]
The Board prescribes Good Corporate Governance Principles based on 6 pillars – P-R-E-A-C-T – as a framework for overseeing and managing EGCO Group’s business operations as follows:
Promotion of Best Practice
Responsibility
Equitable Treatment
Accountability
Creation of Long-Term Value
Transparency
Corporate Governance Structure
EGCO Group grounded its corporate governance principles by appointing the Board of Directors with the responsibility to oversee and monitor the management’s performance. This includes laying out the corporate strategy and policy which impact EGCO Group’s present and future operational directions. The well-established corporate governance ensures EGCO Group’s compliance with international standards, builds trust and credibility for stakeholders in a transparent and fair management system. Furthermore, the Board has appointed 5 sub-committees responsible in these specific areas as follows: