Thaicom receives ASEAN Corporate Governance Awards for the 2nd Consecutive Time

Information Technology Press Releases Thursday November 22, 2018 17:49
Bangkok--22 Nov--Thaicom

Thaicom Public Company Limited, led by Prasert Bunsumpun, Chairman of the Board of Directors, received the ASEAN Corporate Governance Awards for the Top 50 ASEAN publicly listed companies category for the second consecutive time.

The ASEAN CG Awards reflects Thaicom's outstanding score in terms of corporate governance practices based on assessment using the ASEAN Corporate Governance Scorecard (ACGS). This ranking will help to elevate the level of corporate governance quality among Thai listed companies in ASEAN. The ASEAN Corporate Governance Awards is initiated by the ASEAN Capital Markets Forum (ACMF) with the support of the Asian Development Bank (ADB) to establish a common governance framework across the region and to raise the profile of ASEAN PLCs within the global investment community. The 2nd ASEAN CG Awards Ceremony was held on 21 November 2018 in Kuala Lumpur, Malaysia.

The award also recognized Thaicom's achievements toward sustainable development by adhering to corporate governance (CG) principles and raising the bar for CG practices that promote transparency and consistently create shared value for all stakeholders.

Thaicom has been recognized by leading organizations in Thailand for its sustained good corporate governance, earning itself excellent governance ratings for last six consecutive years. The company has also been selected for the 2018 Thailand Sustainability Investment (THSI) list based on the Stock Exchange of Thailand's (SET) annual sustainability assessment. Thaicom also received the certificate of full membership of Thailand's private sector "Collective Action Coalition Against Corruption" (CAC) from the Thai Institute of Directors Association (IOD) for two consecutive years. The company has continuously raised the standard of good corporate governance, transparent disclosures to shareholders, and the equitable treatment of shareholders.

About The ASEAN Corporate Governance (CG) Awards

The ASEAN Corporate Governance (CG) Awards is initiated by the ASEAN Capital Markets Forum (ACMF) with the support of the Asian Development Bank (ADB) to establish a common governance framework across the region and to raise the profile of ASEAN PLCs within the global investment community. The 2nd ASEAN CG Awards Ceremony was hosted in Kuala Lumpur, Malaysia, on 21 November 2018. It was organized and hosted by the Minority Shareholders Watch Group (MSWG) as the Malaysian Domestic Ranking Body (DRB) for the ASEAN CG Scorecard initiative. The highlight of the event is to announce the top 50 ASEAN publicly listed companies from each participating country in terms of corporate governance practices based on assessment using the ASEAN Corporate Governance Scorecard (ACGS) in 2017.

About THAICOM

THAICOM Public Company Limited, a leading Asian satellite operator, was established in 1991. The Company was the first to launch a broadband satellite in the world, and is a leader in developing integrated solutions for satellite broadband and broadcast services. The Company's engineering teams provide leading-edge innovative solutions for satellite-based telecommunications services. Since its establishment the Company has launched eight satellites, with five satellites in operation: THAICOM 4 (IPSTAR) provides a variety of broadband and data services, including cellular backhaul, mobility, government USO support, content delivery, business continuity and emergency services in thirteen countries in Asia Pacific.

THAICOM 6 is to expand the Company's broadcast carrying capacity in SE Asia and Africa (by the name "AFRICOM 1") and is collocated with THAICOM 5 and THAICOM 8 at 78.5 degrees East. THAICOM 7 was launched in September 2014 to provide media & data services for Asia's and Australasia's entertainment and telecom industries at 120 degrees East. THAICOM 8 was launched in May 2016 to expand Thaicom's servicing capacity and footprint in the region. Thaicom is traded on the Stock Exchange of Thailand (SET) under the trade symbol "THCOM".


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