Governance & Risk

Thai Union Group Public Company Limited has a strong corporate governance framework to support the Company’s operating efficacy, sustainable growth, and market confidence. Its strict Corporate Governance Policy adheres to the rules and regulations of the Stock Exchange of Thailand and internationally accepted corporate governance principles and best practices.

Thai Union also has an official Anti-Bribery and Corruption Policy. The Company will not allow corruption in any form, covering the business and all transactions in every country and every business unit. The Company has organized principles and determined procedures of anti-corruption practice which have strict details to prevent and or deal with corruption in all forms to be compliant with this policy. The business is operated based on correctness and fairness with directors, executives and employees compliant with the policy on a broad basis, and the policy is communicated to external stakeholders to prevent the risk of corruption, as well as giving training to employees. Further to this communication, employees may access the various associated policies through Ocean Connect Thai Union, an internal communications channel.

The Company shall provide protection to Board members, management, and employees who act against corruption in accordance with this Policy and respective Code of Conduct. The Company has also provided a Whistleblower Platform for Thai Union employees around the world. In this, the Company has a policy of confidentiality and protection for whistleblowers.

Thai Union Group is aware of the importance of risk management and is committed to systematic and consistent risk management throughout Thai Union and its subsidiaries with an aim to promote good corporate governance, bolstering confidence among investors, and facilitating the achievement of the Company’s objectives. The Board of Directors (BoD) promotes risk management as part of the organizational culture, is aware of existing risks and mitigation plans, and has appointed the Risk Management Committee (RMC) to oversee risk management implementation. Thai Union’s risk management framework is in accordance with the international standards of COSO ERM.