Our CG Principles & Practices

          PTTES conducts its business overseen by the Board of Directors with full accountability to the shareholders and other stakeholders. We believe that Good Corporate Governance (CG) is a key to ensure long term and sustainable increase in shareholder value.

          In addition to compliance with the Company's Articles of Association, our executives have set out a governance policy and business code of conduct which has been continuously revised to provide an operational framework for all staff. Those have been placed on the following principles and practices:-

PTTES Code of Conduct

PTTES's Code of Conduct handbook was made in 2013 in compliance with PTT Good Corporate Governance. The handbook has been launched to the management and staff for use as reference and practical guideline. We strictly adhere to our PTTES Code of Conduct. This shall ensure that all our stakeholders' rights are well treated.

Treatment of Shareholders

PTTES places the highest value on our shareholders' expectations. We strongly commit to trying our best in order to deliver excellent operational performance and a fair return on our shareholders' investment. Our shareholders possess rights to access accurate information disclosed in a reliable and timely manner; rights to attend shareholders' meetings; rights in relation to significant changes in policy; as well as rights to express opinions and question explanations.

Treatment of Stakeholders

PTTES recognizes and respects the rights of stakeholders, including executives, staff, customers, trading counterparties, creditors, competitors and society as a whole. In this regard, we encourage good cooperation between the company and the stakeholders in creating mutual benefit and ensure that stakeholders' rights are thoroughly protected.


PTTES is committed to conforming to anti-corruption and also promoting the transparency across our internal and external work processes.

Internal Control and Risk Management

In PTTES, a comprehensive internal control and risk management system have been implemented. The scope of empowerment including delegation of authority and approval given to all levels is clearly defined. Internal audits are established to ensure that risk identification and mitigation as well as compliance with the laws and contractual obligations are in place. These practices play a major role in assessing the efficiency and effectiveness of the internal control system and ensuring coverage and adequacy of the risk management system.