Corporate Governance Principles

Corporate Governance is an internal management tool to link relationships among shareholders, the Board of Directors, executives, and employees with due regard for stakeholders at large, leading to the best interests of shareholders and all stakeholders. Thaioil Group’s CG principles are as follows:

Every Thaioil staff is well-aware of the responsibility in the refining and petrochemical business, which depends on natural resources and environment. The Company recognizes the importance of using natural resources effectively and efficiently. It also has environmental management process, operating to preventand reduce future risks. In addition, Thaioil also instill the concept and practice, by focusing on CG principles as a foundation for sustainable growth of the Company.