Corporate Governance Overview
Why is this Important?
EGCO Group integrates sustainability practices into all working processes, aligning with the United Nations Sustainable Development Goals (SDGs). The company sets objectives in line with global targets, committing to efficient and transparent operations based on good governance which are crucial for the company’s sustainable growth and achieving organization goals. As EGCO Group operates domestically and internationally, complying with each country’s regulations is essential to avoid reputational damage and operational disruption.
EGCO Group is committed to conducting business with fairness and transparency, in compliance with regulations and requirements including the guidelines of the Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand (SET). This aims to support practices based on good corporate governance principles. The Board of Directors of Electricity Generating Public Company Limited (the "Board") has established Good Corporate Governance Principles and Code of Business Ethics for the company's directors, executives, and employees. These principles are communicated internally and on the company’s website.
Sustainability Material Topic: Governance, Risk and Crisis Management
Stakeholder Impact on Material Topics
Investors
Employee
Government Agencies
Contractors and Subcontractors
Customers
Creditors
Management Approach
Corporate Governance Framework and Structure
[GRI 2-9 (2021)]
The Board of Directors (BOD) 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
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Definition of Independent Director and its Comparison between Governance Criteria
EGCO Group’s definition of independent director is more stringent than the criteria set by The Stock Exchange of Thailand and the Notification of Capital Market Supervisory Board Re: Application for Approval and Granting of Approval for Offering of Newly Issued Shares.
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Board Diversity, Expertise and Experiences
[GRI 2-17 (2021)]
The composition of EGCO Group’s Board of Directors and their qualifications adhere to the company’s regulations and corporate governance principles, which have a non-discrimination policy concerning gender, sexual orientation, nationality, race, cultural background, and disabilities.
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Board Effectiveness
[GRI 2-18 (2021)]
EGCO Group’s Board of Directors’ performance assessment is conducted on an annual basis to review the achievement and address any issues arising during the previous year. The effectiveness of the operation is evaluated using the self-assessment form verified by the Nomination and Remuneration Committee.
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Management Compensation
[GRI 2-19 (2021)]
Remuneration for senior management is specified by the Board of Directors. EGCO Group’s management received remuneration as monthly salaries and annual bonuses based on the achievement of EGCO Group’s key performance indicators.
Explore moreRelated Documents
Policies, Requirements and Performance
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Sustainability Manual
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Good Corporate Governance Principles and Code of Business Ethics (Edition 2022)
Effective from August 1, 2022 onwards -
Charter of Board of Directors
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Statement of Diversity and Inclusion Promotion
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Management Compensation Guideline
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Management and Employee Stock Ownership Principle
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Corporate Key Performance Indicators
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Key Performance Indicators for President
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Definition of Independent Director and its Comparison between Governance Criteria
Performance Data
Updated as of April 2025
The information reported above was prepared in accordance with the Global Reporting Initiative Standards (GRI Standards). It has been audited by an external party and has received limited assurance through the 2024 Annual Report.