Page 150 - BAM ONE REPORT 2564 (ENGLISH VERSION)

148 Part 2
Corporate Governance

- Introducing proven technology and innovation - HOPE Project: Building houses for the
for future changes underprivileged people.
- Uplift products and services to best serve our - BAM Upskill for the New Normal Life Project:
customers and all sectors Job creation for life-changing.
- Build an integrated network of partners and
customer base In the wake of the COVID-19 pandemic which has
- Passing on legacy and values to the newly spread globally and has had persistent and far- reaching
trained generations effects, the Company is concerned about its debt
- Uphold ESG integration into governing principle restructuring customers and customers purchasing NPAs
with installment payments who have been hit by this crisis
Guideline 1.2 Sustainable value creation such that they have become less able, or even unable,
The Board of Directors entrusts the Corporate to repay their debts for the time being. Therefore, the
Governance and Social Responsibilities Committee Company has issued three relief measures to assist its
with the duty to support the Company’s operation, by debt restructuring customers and customers purchasing
formulating policies, regulations and guidelines on various NPAs with installment payments, thereby allowing them
business operations of the Company in conformity with to choose one of the three measures that best matches
the principles of good corporate governance and corporate their debt servicing capability, as follows: (1) suspension of
social responsibility, in order to bring sustainable success principal and interest payments; (2) suspension of principal
to the Company. and interest payments and, after that, payment of interest
only; and (3) suspension of principal repayments (payment
In this respect, the Corporate Social Responsibility of interest only) until the December 2021 installment.
(CSR) Working Group was set up to be responsible for Customers eligible for such debt moratorium programs
considering the CSR-related plans and activities and the must be those affected by the COVID-19 pandemic,
provision of assistance to society in various dimensions. including customers undergoing debt restructuring with
The Company has consistently arranged CSR activities by the Company, both retail and SME customers; and
concentrating on four main activities and other projects customers purchasing NPAs with installment payments
as follows: to the Company.
- Education: Granting of 90 yearly scholarships
to primary and secondary school students Guideline 1.3 Authority and duty of the Board
and college students (environmental field), of Directors
renovation of school buildings, improvement The Board of Directors has the authority and duty
of academic institutes, and educational to supervise the Company and its business operation in
development. conformity with the laws, the Company’s objectives and
- Public health: Donation of medical equipment Articles of Association, and resolution of the shareholders’
to 10 hospitals in all parts of the country. meeting.
- Help to the less fortunate or those in trouble:
Donation of items for the National Children’s Guideline 1.4 Authority and duty of board-level
Day activities and donation of sports committees
equipment and educational equipment to The Board of Directors appoints six board-level
needy schools. committees, consisting of the Executive Committee,
- Support for other activities: Public charity the Audit Committee, the Risk Oversight Committee,
and public interest, music, sports, arts and the Corporate Governance and Social Responsibilities
culture, and environment. Committee, and the Nomination and Remuneration
Committee and the Technology Committee to be
responsible for the tasks assigned by the Board of Directors.