Corporate Governance is the force that drives TISCO in financial and investment business for 48 years. The Company’s commitment to the highest ethical standards and good corporate governance is the result of its belief that a truly successful business is one that conducts itself as a good corporate citizen of the society in which it operates. This can only be achieved by ensuring that the rights and interests of all stakeholders: shareholders, customers, employees, business partners, competitors, society and the environment, are fully protected.
Corporate Governance Code of Conduct is set up to provide guiding principles of good corporate governance in order to ensure that the company complies with all relevant laws and regulations and carries out duties with maximum accountability, transparency, and equitable treatment to all stakeholders.
TISCO operates our financial and investment businesses in an ethical manner based on the Banking Industry Code of Conduct. Our employees are encouraged to adhere to the highest standard of ethics.
The Board of Directors and Management have adopted the new Banking Industry Code of Conduct, revised in 2016, to govern our business practices in alignment with good corporate governance principles.
The Code encourages TISCO and its employees to conduct business with integrity, sustain the balance between turnover and the impact on shareholders and customers, and adhere to sustainable business practices by taking social and environmental consequences into account.
The Board of Directors has adopted the Policy on Assessing the Independence of Directors with recognition on the importance of transparency in its determination of a Director’s independence. The independence criteria, with international standard in consideration, are determined annually and are according to the Corporate Governance Code for Listed Company 2017. This is to ensure that the directors are able to make independent analysis with transparency, prior to the benefits of shareholders and stakeholders.