Corporate Governance
Goal and Performance Highlights
Supporting the SDGs Goals
Stakeholders Directly Impacted
Challenges and Opportunities
Sikarin Public Company Limited operates in an era of rapid transformation and faces increasingly complex corporate governance challenges. These include adapting to continuously evolving laws and standards and responding to stakeholders' growing expectations for transparency and social responsibility. The Company therefore places strong emphasis on strengthening its corporate governance system, enhancing data transparency, and mitigating risks related to fraud and corruption.
Despite these challenges, Sikarin Public Company Limited continues to see opportunities to raise its governance standards through an effective governance structure, while leveraging digital technologies to enhance transparency and operational efficiency. Additionally, the Company prioritizes integrating sustainability principles across all dimensions of its business, aiming to build long-term stability and stakeholder trust. Through a commitment to strong governance and ethical business practices, the Company is poised for resilient and sustainable long-term growth—capitalizing on opportunities while managing risks arising from external change.
Management Approach and Value Creation
Sikarin Public Company Limited is committed to operating under the principles of good corporate governance. The Company has established clear governance guidelines to ensure that employees at all levels, as well as stakeholders, can follow them correctly and transparently. Governance is reinforced through strategies that promote transparent disclosure and effective operations.
The Company has adopted digital technology to improve data management and stakeholder communication. This includes developing an Investor Relations (IR) Portal to enhance access to business information and a Digital Governance Platform to improve reporting efficiency and operational tracking. Additionally, the Company prioritizes anti-corruption efforts and has joined the Thai Private Sector Collective Action Against Corruption (CAC), while also implementing anti-bribery measures within the organization.
Sikarin Public Company Limited also places importance on managing ESG-related risks and data protection. Cybersecurity practices have been adopted to safeguard patient data and ensure compliance with personal data protection laws. Moreover, the Company promotes environmentally and socially responsible business practices and has established a Supplier Code of Conduct to ensure that suppliers adhere to ethical business standards.
In terms of human capital development, Sikarin Public Company Limited continuously provides governance-related training for board members, executives, and employees. A dedicated Sustainability Leadership Program for senior executives has also been introduced to deepen understanding of ESG and best practices in governance. Sustainability-linked KPIs have been embedded into the performance evaluation of senior executives to ensure business operations align with the Company’s sustainability direction.
Beyond operational strategies, Sikarin Public Company Limited has also established comprehensive corporate governance policies. These include requirements for board structure—with at least one-third of directors being independent—as well as regular board performance evaluations. The Company enforces a conflict-of-interest policy requiring directors and executives to disclose any transactions that may lead to conflicts and has instituted control measures over related party transactions.
For anti-corruption and anti-bribery, all employees and executives are prohibited from offering or accepting bribes. Whistleblower protections are also in place for employees reporting misconduct. The Company promotes transparent and auditable practices to ensure ethical and responsible business conduct.
On the cybersecurity and data protection front, Sikarin Public Company Limited complies with personal data protection regulations and has implemented cybersecurity measures to guard against potential threats. The Company’s ESG and sustainability policies extend to environmentally and socially responsible operations and oversight of its supply chain in line with best practices.
Sikarin Public Company Limited is committed to being an organization with robust governance—driven by transparency, social responsibility, and alignment with sustainability principles. The Company strives to build confidence among shareholders, investors, and all stakeholders while propelling long-term, stable, and sustainable growth.
Governance Structure
Sikarin Public Company Limited is governed by a board of directors with diverse expertise across various fields. The Board is supported by specialized sub-committees, such as the Audit Committee, Risk Management Committee, and Corporate Governance Committee, to ensure that all operations align with the principles of good corporate governance.
Charter of the Board of Directors and Executive Committee
Sikarin Public Company Limited has established clear charters for both the Board of Directors and the Executive Committee to ensure clarity in roles and responsibilities. The Board of Directors is responsible for defining the Company’s strategy and direction, overseeing risk management, and promoting social and environmental responsibility. Meanwhile, the Executive Committee is tasked with implementing these strategies, ensuring legal compliance, and adhering to corporate governance standards.
Board and Executive Diversity, and Nomination Principles
Sikarin Public Company Limited recognizes the importance of diversity within the Board of Directors and executive management in terms of experience, expertise, gender, age, and perspectives. This diversity enhances the organization’s governance effectiveness and strategic oversight.The company follows clear and transparent principles for nominating both directors and executives. The nomination process is based on fairness, merit, and alignment with the company’s long-term vision. The Nomination and Remuneration Committee is responsible for ensuring that candidates are evaluated based on their professional qualifications, ethical conduct, industry knowledge, and suitability for the company’s needs. Consideration is also given to both structural diversity and cognitive diversity, promoting a balance of skills and perspectives across disciplines such as medicine, finance, corporate governance, and digital innovation.For senior executives, the nomination process emphasizes leadership capacity, risk management acumen, strategic alignment, and a deep understanding of sustainability principles. The company seeks leaders who can guide the organization ethically and effectively toward its long-term objectives while fostering stakeholder trust.
Anti-Corruption and Fraud Prevention Measures
Sikarin Public Company Limited enforces a strict anti-corruption policy that prohibits employees at all levels from offering or accepting bribes. The Company also ensures that business operations remain free of conflicts of interest. Fraud risk assessments are conducted annually, and regular ethics training is provided to cultivate ethical awareness among employees.
Whistleblower Mechanism
To promote transparent business practices, Sikarin Public Company Limited has established channels for submitting complaints and reporting potential violations of the code of conduct or incidents of fraud. An internal unit is responsible for monitoring compliance, investigating reports, and verifying facts. The Company has also put in place protocols to ensure the protection of whistleblowers, guaranteeing that individuals who file complaints or reports are safeguarded and can speak up without fear of retaliation. The whistleblower system has been designed to enable effective follow-up and systematic resolution of reported issues.
Our Projects
Sikarin's sustainability program focuses on ESG issues, financial performance, community health, environmental impact reduction, and employee welfare promotion.
