Singha Estate Earns 5-Star CGR Rating with Commitment to Sustainable Growth as a Global Holding Company
Bangkok – Mr. Naris Cheyklin Chief Executive Officer of Singha Estate Public Co., Ltd. said, “We are extremely proud that Singha Estate received a 5-star rating or ‘Excellent’ score on the Corporate Governance Report (CGR) of Thai Listed Companies 2019 by the Thai Institute of Directors (IOD) in collaboration with the Stock Exchange of Thailand (SET). Singha Estate received a CG score of 93%, which reflects upon its business operations which is responsible, transparent, and places great importance on all stakeholders as stated in its philosophy to strike a balance between business excellence and community and environmental sustainability. The company continues on its course of becoming a Global Holding Company that adheres to the principles of Good Corporate Governance and enhancing its corporate governance to promote sustainable growth.”
The survey of corporate governance of companies registered in 2019 is a survey of listed Thai companies in which 677 companies registered as participants. Scores are classified into 5 score groups including shareholder rights, fair treatment of shareholders, roles of stakeholders, disclosure and transparency, and responsibility of the Board of Directors. The average CGR score this year was 82%. The score is an important tool to develop good corporate governance which benefits listed companies in promoting the development of business operations and stakeholders in providing crucial investment information.