The directors and management are confident that good corporate governance is a significant factor in promoting our sustainable economic growth and preserving society and the environment. Therefore, the implementation of the principles and guidelines established in this Restated Corporate Governance Policy is one of the missions of the Company's and its subsidiaries boards of directors, executives, and employees. The Human Resources Unit has the duty and responsibility to communicate this Corporate Governance Policy and other policies and regulations established hereunder to the directors, executives, and employees on a regular basis, and to promote the implementation of this Policy and such other policies and regulations throughout the organization. An evaluation of the implementation of this Policy and such other policies and regulations, and report on the results thereof to the Board of Directors, shall be made at least once a year and disclosed in the annual report. In the year 2015, the Company established the Corporate Compliance Unit to ensure that the Company’s operations are in compliance with relevant laws and regulations. The Corporate Compliance Unit is also responsible for setting up and developing compliance standards as well as the promotion of employee’s awareness about the non-compliance risk.
In 2017, the Securities and Exchange Commission announced the Corporate Governance Code (the “CG Code”) as practice principles for the board of directors to apply with each company in order to create long-term sustainable value according to the expectation of business sectors, investors, capital market and society. The Company’s Board of Directors, through Corporate Governance Committee, reviewed and applied the CG Code by means that are suitable for the Company’s businesses.
Regarding the Company’s Corporate Governance Policy, it has been revised to be consistent with certain changes in the capital market community in order to improve our organization's governance in line with international standards. The Company’s Corporate Governance Policy consists of five chapters: "(1)" Rights of Shareholders "(2)" Equitable Treatment of Shareholders "(3)" Roles towards Stakeholders "(4)" Disclosure of Information and Transparency and "(5)" Responsibilities of the Board of Directors with details as follows.