Corporate Governance
Our Commitment
JMT Network Services Public Company Limited recognizes the importance of efficient, transparent, and accountable management systems, which are critical factors in building trust with shareholders, investors, partners, employees, and all stakeholders. The company believes that ethical operations, under the framework of relevant laws and regulations, will serve as a solid foundation for the organization's stable and sustainable growth.
To align operations with good governance principles, the company has established a corporate governance policy aimed at elevating existing management processes to an internationally recognized standard. This includes providing clear and comprehensive guidelines for employees at all levels to understand and perform their duties effectively.
Moreover, the company focuses on fostering a culture of good corporate governance within the organization to create a work environment that promotes transparency, responsibility, and integrity in every process. The company is committed to continuously developing this policy to align with changes in the business context and laws, setting an example of good organizational management practices that support long-term sustainability. This ensures that the company creates value and benefits for shareholders and stakeholders in the long run.
The company recognizes that good governance is essential for achieving sustainable business objectives, forming the foundation of all operations and activities. It ensures transparency, fairness, and accountability. The company is committed to promoting good governance principles, including ethical business practices and anti-bribery and anti-corruption measures, which are key processes to strengthen the organization’s effective management and adherence to business ethics and management standards, as per the company’s mission. This demonstrates transparency and accountability, helping the company mitigate negative impacts on stakeholders.
Additionally, the company focuses on developing flexible operational strategies that align with changes in the business environment to enhance stability and increase long-term competitiveness. The company values business practices that consider environmental, social, and governance (ESG) factors, acknowledging the role and responsibility to make a positive impact on the community and the environment throughout its operations.
With this vision, the company is committed to creating sustainable value for all stakeholders, while also building trust with investors, employees, customers, and the communities it serves, aiming to become a reliable organization with sustainable growth in the future.
Stakeholders Directly Impacted
Supporting the SDGs Goals
SDG 5
SDG 8
SDG 10
SDG 12
SDG 16
Goals and Performance
Goals
- Every year, business ethics violations must be zero, including cases where the board of directors, executives, and employees at all levels violate business ethics.
Performance
JMT received a 3-star "Good" rating for corporate governance in 2024 from the Thai Corporate Governance Survey (CGR) conducted by the Thai Institute of Directors (THAI IOD).
In the Annual General Meeting (AGM) Checklist for listed companies, JMT scored 96 points, earning a 4-coin rating, categorized as "Excellent."
JMT was included in the 2024 SET ESG Ratings by the Stock Exchange of Thailand (SET), earning a BBB rating for its performance in key sustainability dimensions—Environmental, Social, Economic, and Governance (ESG).
Corporate Governance Report of Thai Listed Companies
The Corporate Governance Report of Thai Listed Companies (CGR) is a report prepared to present the results of the corporate governance survey of Thai listed companies, conducted annually to assess, review, and improve the evaluation criteria and methods to ensure they are clear and appropriate. JMT Network Services Public Company Limited has been evaluated with a 3-star rating, or "Good" level, reflecting the development of high-standard corporate governance. This survey is conducted by the Thai Institute of Directors (IOD) with support from the Stock Exchange of Thailand and the Securities and Exchange Commission (SEC).
JMT places significant importance on conducting business under good corporate governance principles, alongside organizational ethics. The company recognizes its responsibility towards society, the environment, and corporate governance standards to achieve business objectives. JMT emphasizes transparent, clear, and accountable management practices, ensuring that its personnel are knowledgeable about relevant policies and practices, exhibit good work ethics, and focus on actions that benefit the long-term sustainability of the organization.
The Annual General Meeting (AGM) Checklist for Listed Companies Quality Assessment Program.
JMT received a score of 96 points, achieving a 4-coin level, which falls under the "Excellent" category in the Annual General Meeting (AGM) Checklist for Listed Companies Quality Assessment Program.
The Thai Investors Association organized the "AGM Quality Assessment Program for Listed Companies." In the 2024 annual evaluation, the company received a score of 96 points, falling under the "Excellent" category with a 4-coin level. The management team has planned improvements to enhance the performance and achieve even better results in 2025.
Management Approach
In order to operate with good corporate governance, JMT Network Services Public Company Limited has established a Code of Best Practice for directors of listed companies, focusing on transparency at all levels of operation, from employees to executives and the board of directors. This approach not only enhances efficiency and effectiveness in business operations but also lays a solid foundation for sustainable business development.
The company has made good corporate governance policy an integral part of its corporate strategy, with the goal of building trust among shareholders, investors, business partners, and all stakeholders. This ensures that the company's operations are transparent, fair, and auditable. The company adheres to the Corporate Governance Code (CG Code) in accordance with the guidelines of the Stock Exchange of Thailand. These principles cover clear policies on board responsibility, transparency in decision-making processes, effective risk management, and fair treatment of stakeholders.
Moreover, the company promotes strict adherence to the Code of Business Ethics by employees at all levels to foster a positive corporate culture and align the company’s operations with international standards. Continuous development in governance is also emphasized, enabling the company to meet the expectations of shareholders and stakeholders in a sustainable manner, and to position itself as a leading financial services provider, recognized both nationally and internationally in the future.
To create long-term value for shareholders and all related stakeholders, the company adheres to the Corporate Governance Code of the Stock Exchange of Thailand, which includes 15 key practices covering all aspects of governance, including ethics, transparency, social responsibility, and fairness in business operations.
Corporate Governance Structure
In the context of a complex, volatile, and ever-changing business environment, JMT Network Services Public Company Limited has designed a corporate governance structure to promote operations in accordance with the principles of good corporate governance. Decision-making will rely on efficient and sufficient information, ensuring that the board of directors and management at all levels act responsibly, prudently, and with integrity, in compliance with laws, regulations, shareholders' resolutions, and the policies or guidelines established. The goal is to achieve the maximum benefit for the company, shareholders, and all relevant stakeholders.
The company has a board of directors responsible for setting policies and guidelines for the company. The board members are fully qualified in accordance with Section 68 of the Public Limited Companies Act and the regulations of the Securities and Exchange Commission regarding the approval and offering of new shares. Additionally, they do not have any disqualifying characteristics under Section 4/2 of the Asset Management Company Act. The board plays a crucial role as the leadership of the company, overseeing the protection of shareholders' and stakeholders' interests. It establishes policies, objectives, strategies, and directions for the company’s business operations both in the short and long term, and ensures processes for auditing and governance so that the company operates in compliance with laws, objectives, company regulations, and shareholders' resolutions in a transparent manner to create value and ensure sustainable growth.
The board of directors has set up three sub-committees: the Audit Committee, the Nomination and Remuneration Committee, and the Executive Committee. In addition, to ensure that business operations align with policies, objectives, strategic plans, and the vision of the company, business goals are set as a framework for operations.
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Board of Directors
As the ultimate responsibility bearers of the company, the Board of Directors has the duty and responsibility to oversee the company's operations to ensure they align with the company’s objectives and goals. They are also responsible for protecting shareholder interests and ensuring compliance with laws and regulatory requirements. The Board must perform its duties with care, diligence, integrity, and transparency, always considering the company’s best interests to create value for the business and its shareholders.
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Nomination, Remuneration, Corporate Governance, and Sustainability Development Committee
Appointed by the Board of Directors, this committee oversees corporate governance for sustainability, promoting and supporting high standards in governance practices. Its role is to develop the business sustainably by considering stakeholders throughout the value chain and addressing risks comprehensively in the areas of the environment, society, and governance. It also promotes transparency in disclosing governance practices and sustainable business development to reflect the true value and worth of the JMT Group.
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Audit and Risk Management Committee
To ensure the effective performance of the board and to guarantee the company complies with laws, government regulations, and company policies, and that its financial reports are accurate and reliable, the company has established an Audit Committee. This committee operates independently of management and is tasked with reviewing the adequacy of internal control systems and risk management processes. Additionally, the committee carries out other duties as delegated by the board to ensure that the company's operations align with its objectives.
