The economic operations for sustainable development of the organization are divided into the following main activities:
Corporate Governance
The Company utilizes the 8 principles of Good Corporate Governance for listed companies 2017 of The Securities and Exchange Commission, Thailand (SEC) in guiding the policy development through consideration and approval from the Board of Directors and made in a manual form as guidelines in accordance with the said principles to be used by the Board of Directors, Executives and Employees. The Board of Directors has always reviewed and improved the principles of corporate governance.
Read MoreAnti-Corruption
From its inception, the Company consistently and strictly upholds the policy of white business in its law, morals and ethics. The Company has also made its commitment against corruption by joining the Thailand's Private Sector Collective Action Coalition Against Corruption or “CAC.” Moreover, it is determined, as the main policy of the Company, that everyone in the Company shall refrain from asking for or accepting any corrupted benefits from the business partners, as indicated in the Business Code of Conduct. Everyone in the Company is expected to have good understanding on anti-corruption and to conform to the policy. Also, it is expected that the stakeholders learn about the Company’s determination to fight corruption.
View AllFair Operating Practices
The Company upholds business ethics in its operation and management. In this regards, the Board of Directors provided the Manual on “Good Corporate Governance and Business Code of Conduct” for the Directors, Executives and Employees of the Company to adhere to as the guidelines for performing their duties in an honest, up-to-standard, high-quality and fair manner. The same practice is expanded to cover the care of every group of stakeholders which are shareholders, employees, clients, partners and creditors, competitors and society. The practice guidelines regarding the rights and benefits of all stakeholders are stated in the Company’s manual on “Good Corporate Governance and Business Code of Conduct” and published on the Company’s official website as well as the Company’s Annual Report.
Risk Management
The Company has realized the importance of risk management, the sufficient risk management system is then created by the Board of Directors through a working group of risk a management team consisting of executives of each division who need to take charge of risk assessment, plan and creation of risk management measures, assessing risk which might put an impact on the Company’s business, and monitoring activities of risk management performed by other internal divisions. In this regard, risk management is the responsibility of all executives including the installation of risk management as a part of performance.
Innovation Development
The company attaches great importance to research and development to discover new properties of plants and herbs that can be found in Thailand, in order to create innovative products that meet the needs of consumers according to the vision of the company. At the same time, APCO aims to meet the health care needs of people in the New Normal era, by developing the innovative “Wattanachiwa” that is an innovation to increasing the quality of life for those who need health care in this age.