Siam Piwat has established a Good Corporate Governance Policy and set forth clear operational guidelines in its Code of Conduct to promote ethical conduct across all activities, including stakeholder relations, competitive practices, legal and regulatory compliance, information technology security, intellectual property use, data confidentiality, procurement, gift/benefit handling, social and environmental responsibility, and the exercise of political rights, among others. These affirm Siam Piwat’s commitment to transparent, fair, and sustainable business operations.

Siam Piwat has established a whistleblowing policy and procedure and offers channels for employees and executives to safely submit information or file complaints about corruption, non-compliance with laws, regulations, or company policies, or other misconduct. These channels include internal website forms, email, and LINE application. Reports should be factual, detailed, and verifiable. Complaints qualifying as misconduct are forwarded to a screening committee for impartial review, with protections in place for whistleblowers throughout the fact-finding process.

Siam Piwat has appointed a Risk Management, Governance, and Sustainability Committee, which consists of at least one-third independent directors and reports directly to the Board of Directors. The committee is responsible for defining the scope and policies for Siam Piwat’s governance and sustainability to align the operations of all departments with its objectives, goals, and strategic plans. Additional oversight is provided by the Audit Committee, which examines Siam Piwat’s risk management and internal control systems to ensure the efficiency and effectiveness of the risk management, governance, and sustainability practices and enable the company to navigate risks and changes effectively, thereby sustainably generating added value for Siam Piwat, its shareholders, and all stakeholders – a key component of good corporate governance.