The Erawan Group is managed on
the principle of good corporate governance

The Board of Directors has announced a Corporate Governance (CG) Policy with commitment to pursue our business on the CG principle on the basis of legal compliance, integrity and the Code of Conduct where information is disclosed with a transparency and internal control system and mechanism is put in place to reassure confidence among shareholders, financial institutions, business partners and all stakeholders.

The Company focuses on operating the hotel business by earnestly giving priority to Environmental, Social and Corporate Governance and is ready to strengthen the business and to be stable and sustainable regional recognition.

In 2023, the Company has been awarded the “Excellent” for Corporate Governance Rating by Thai Institute of Directors (IOD) and the “Excellence – Recommended as a Role Model” for AGM Checklist 2023 by Thai Investors Association. We also passed the selective criteria required for inclusion in the SET ESG Rating 2023 and received the Certificate of Recognition of A-Level among the Group of Listed Company that have market capitalization between 3,000-10,000 billion baht in Service Industry which organized by The Stock Exchange of Thailand.

The Company also has the greater development in earnest setting the Anti-corruption Policy that consists of reviewing the Anti-corruption Policy on 9 August 2023, determining the Standard Operating Procedure for Anti-corruption Policy and issuing the Facilitation Payment and Revolving Door Policy.

Directors, executives and all staff have a good understanding and acknowledgement of the Corporate Governance policy, Code of Conduct and Anti-corruption policy. Internal Audit Division also has been assigned to monitor and survey customer satisfaction and to prevent all forms of corruption. In addition, the Company actively raises awareness by communicating with employees through company’s website and continues organizing internal training to share corruption knowledge. In 2023, The Company provided an internal training on the topic of “We Prompt Anti-Corruption” to raise awareness and knowingly of fraud and corruption to staff and has formatted it as the Orientation Training Program for the new staff.

Corporate Governance can be divided into eight areas as follows: