The Corporate Governance Plan MCOT Public Company Limited For the Years 2013-2015

1. Principles and Reasons

Corporate Governance is the formation of an organizational structure and internal management mechanisms that bind the relationship between the organization’s Board of Directors, executives, employees and shareholders and mainly aims to enhance the best interests of shareholders while taking regard of all the stakeholders. The formation of the structure and management mechanisms must include the main principles as follows:

  1. Responsibility for work performance outcome (Accountability)
  2. Responsibility for work performance that exhibits adequate competence and efficiency (Responsibility)
  3. Equitable and fair treatment for stakeholders with clear explanations: for example, fair and equitable procurement for everyone, clear explanations in the case of complaints, etc.
  4. Transparency in its operations and information disclosure to all related parties
  5. Short-term and long-term value creation to enhance all dimensions of business competitiveness
  6. Enhancement of corporate governance and business ethics
  7. Public participation to enable the general public to be involved in sharing opinions on any matter concerning the operation of the Company that may have impact on the environment, health and quality of life and general well-being (participation)

The Board of Directors of MCOT Public Company (Limited) has approved the Principles of Corporate Governance on November 26, 2009, in order to establish in writing the principles of corporate governance and good practices of Directors to protect the best interests of shareholders and all the stakeholders. This also coincides with how both public and private sectors place very much importance on corporate governance and how employees and the people want to take part more in expressing opinions in corporate management and governance.

2. Objectives

To equip MCOT Plc. with Corporate Governance Policy and to enhance its performance quality and efficiency as well as its good public image.

3. Goals
  1. To determine methods for enhancing corporate governance
  2. To monitor the application of corporate governance policy to the Company’s operations
  3. To create credibility, confidence and belief in the Company
4. Measures and Methods

Strategy 1: Enhancing Knowledge and Understanding among Executives and Employees

  1. Enhancing knowledge and understanding about Corporate Governance Plan
  2. Enhancing strength in communication and public relations

Strategy 2: Increasing Efficiency in Corporate Management

  1. Revising and establishing Corporate Governance Plan of MCOT Plc.
  2. Revising the Corporate Governance Policy, ethics and code of conduct of MCOT Plc.
  3. Ensuring the compliance with the evaluation criteria for listed companies

Strategy 3: Stakeholders Engagement

  1. Providing channels for complaints and enquiries
  2. Encourage minor shareholders engagement
  3. Providing reports on conflict of interest
  4. Providing reports on personal interest
  5. Disclosing information
5. Corporate Governance Action Plan and Budget
Corporate Governance Plan for the years 2013-2015 of MCOT Plc.
Objectives
  • MCOT has corporate governance
  • quality and efficient performance
  • Good public image and approval
Goals
  • Establishing means to promote corporate governance
  • Monitoring corporate governance in all operations
  • Enhancing approval, credibility, confidence and faith in the organization
Measures and Methods Strategy 1
Enhancing knowledge and understanding among executives and employees
  1. Enhancing knowledge and understanding about Corporate Governance Plan
  2. Enhancing strength in communication and public relations
Strategy 2
Increasing Efficiency in Corporate Management
  1. Revising and establishing Corporate Governance Plan of MCOT Plc.
  2. Revising the Corporate Governance Policy, ethics and code of conduct of MCOT Plc.
  3. Ensuring the compliance with the evaluation criteria for listed companies
  4. Organizing meetings with listed companies with excellent scores in their corporate governance evaluation
Strategy 3
Stakeholders Engagement
  1. Providing channels for complaints and enquiries
  2. Encourage minor shareholders engagement
  3. Providing reports on conflict of interest
  4. Providing reports on personal interest
  5. Disclosing information
Monitoring and Evaluation
  • Corporate Governance Committee monitor the progress
  • Reporting to the Board of Directors

Plan/ Activities on Corporate Governance of MCOT Plc. for the Year 2013

Strategy 1 Enhancing Knowledge and Understanding among Executives and Employees


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Strategy 2 Increasing Efficiency in Corporate Management


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Strategy 3 Stakeholders Engagement


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6. Expected Outcomes

MCOT Plc. will be able to effectively and efficiently manage the organization in accordance with the Corporate Governance Principles and will gain good corporate image and credibility in the eyes of the public.

7. Monitoring and Evaluation
  1. Responsible units shall report the progress and problems/obstruction of the application of Corporate Governance Plan
  2. Corporate Governance Committee shall monitor the progress of the application of Corporate Governance Plan and report the results to the Board of Directors