Page 90 - BAM ONE REPORT 2564 (ENGLISH VERSION)

88 Part 1
Business Operation and Performance

BAM and Sustainable Development Corporate Governance

Bangkok Commercial Asset Management Public Good Practice
Company Limited or BAM creates opportunities and value 1. BAM's intention is to operate the business efficiently
through integrated asset management. In an effort to stimulate and in accordance with good governance, with the focus on
Thai economy and society to achieve sustainable growth and generating benefits for general stakeholders.
maintain the Company’s status as the largest asset management 2. The Board of Directors, executives, and employees
company (AMC) in Thailand, the Company has a mission to at all levels are committed to adhering to and practicing
manage non-performing loans (NPL) with policies that aim to the principles of good corporate governance in accordance
help debtors, resolve the issues of NPL in financial institutions with the following 7 international standards:
and provide the ability to recuperate assets to generate
performing loans back to the economy including management Accountability
of non-performing assets (NPA), to restore second-hand real
estate business back to quality and available for sale at a (Responsibility to the performance results
reasonable price. These objectives are achieved by effectively of one’s duty)
outlining policies, plans, and business strategies with adequate Responsibility
essential sustainability concerns for stakeholders under BAM's ‘5 (Consciousness of one’s duty with sufficient
Good’ concepts: “Good for the country”, “Good for society”, capability and efficiency)
‘Good for customers and debtors’, “Good for shareholders”,
and ‘Good for employees”, which will cover environmental, Equitable Treatment
social, and governance dimensions and ensure sustainable (Equitable treatment of shareholders of all
growth in all relevant dimensions. types)

Policies and Sustainability Management Transparency
Goals (Verifiability in operational transparency

and disclosure of information)
BAM integrates sustainability policies and plans into
its business operations by connecting to its visions, missions, Value Creation
strategies, and business direction. BAM is committed to playing (Generating additional value to the business
a crucial role in the recovery of non-performing assets throughout both in the short term and in the long term)
the country, helping to strengthen the economic system Ethics
through excellent organizational management to ensure
customers and stakeholders’ satisfaction with good governance (Promoting excellence and good work ethics
and effective risk management, resolving conflicts of interests, in business conducts)
and determining information disclosure pertaining to financial Social Awareness
reports and non-financial information that is adequate, reliable, (Implementing awareness of social
and up-to-date for all stakeholders to receive equally. Those responsibility in business conducts)
duties are to ensure that the value meets the shareholders’
expectations, with the belief that good business practices must 3. BAM will support and encourage shareholders in
take all stakeholders into account in order to generate proper exercising their rights in an equitable and fair manner.
driving forces and growth, with focusing on the importance 4. The Board will carry out its obligations with devotion
of balancing three dimensions: environment, society, and and responsibility, ensure independence, and establish clearly
good governance, which are critical foundations for stable and defined roles and responsibilities. They will operate the
sustainable business growth and development. business for the highest benefit of BAM and take into consid-
eration the roles of various stakeholders.