(Mrs. Pranot Tirasai) Member of the Corporate Governance and Sustainability Committee (Mr. Chaiyaporn Phuprasert) Member of the Corporate Governance and Sustainability Committee 2. Sustainable Development The Corporate Governance and Sustainability Committee provides oversight for implementation of the company’s sustainability practices to align with the business direction and in keeping with the internationally accepted standards based on the ESG framework, which can be summarized as follows: • To approve the Corporate Sustainability Plan and Corporate Social Responsibility Plan to ensure consistent implementation of such plans that are appropriate and in alignment with the company’s vision and business strategy. • To approve the Climate Change Policy and Biodiversity Policy ensuring they align with the Sustainability Policy and sustainable business operational framework. • To promote and support sustainability communication on a regular basis to cultivate understanding and develop sustainable corporate culture and mindset. 3. Stakeholder and Minority Shareholders • To ensure equitable treatment and promote minority shareholders’ rights by giving them the opportunity to nominate qualified individuals to be considered for election as directors. Minority shareholders are also encouraged to initiate and propose meeting agenda topics for the 2023 Annual General Shareholders’ Meeting in advance of the meeting. Guidelines for the exercise of such rights were disclosed and publicized in a transparent manner through the company’s communication channels (www.irpc.co.th) and the SETLink news bulletin service. • To oversee the organizing of the 2023 Annual General Meeting of Shareholders in accordance with good governance principles and guidelines prescribed by regulatory agencies and relevant laws. This is to ensure correct procedures and fairness. All shareholders were given the opportunity to exercise their rights fully. As a result, the company was awarded “excellent” rating for scoring the full mark of 100% for its 2023 Annual General Meeting of Shareholders from the Thai Investors Association (TIA). • To promote Corporate Social Responsibility (CSR) projects and activities covering such diverse areas as education, health, religion, culture, traditions, quality of life, along with job creation, livelihood and community economy. IRPC’s steadfast commitment to upgrade its corporate governance practices was widely recognized. In 2023, the company was honored through various domestic and international awards for its exemplary governance practices. Notable among them is the Model Human Rights Organization Award 2023 conferred by the Department of Rights and Liberties Protection, Ministry of Justice, marking the fifth consecutive year of recognition. Additional accolades include the Commendation Award for Transparent Organization from the Office of the National Anti-Corruption Commission, and the Golden Peacock Global Award for Excellence in Corporate Governance 2023 from the Institute of Directors (IOD), India, among others. These prestigious awards stand as a testament to the high standards of corporate governance, social responsibility, and sustainability management fostered by the dedicated and unrelenting efforts of the Board of Directors, management, employees, and supportive stakeholders. The Corporate Governance and Sustainability Committee reiterates our commitment to the continual development of the company’s corporate governance and sustainability practices. Through these efforts, we aim to create maximum value for shareholders in a sustainable manner over the long term. 57 56-1 ONE REPORT 2023 Message from the Corporate Governance and Sustainability Committee
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