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The first step of SC Asset Corporation PLC in real estate development business start with office buildings for rent before expanding, with a high level of professionalism, to residential projects development.
SC Asset has continued to give importance to and focus on continuous development of corporate governance. The Board of Directors has shown its strong sense of responsibility. The management system is effective, transparent and accountable. Shareholders and stakeholders are provided with equal rights, contributing to increased confidence of the shareholders, investors, stakeholders and all parties involved. Results of the assessment are shown below.
Annual General Meeting of the Shareholders Quality Assessment
In 2014, the Company was one of the 128 listed companies with the full assessment score of 100, or “excellent” level, out of 528 listed companies under quality assessment for the arrangement of its 2014 Annual General Meeting of the Shareholders, that received the full assessment Indeed, the Company has consistently enjoyed this “excellent” status for years from 2008 to 2014.
ASEAN Corporate Governance Scorecard Assessment
It was assessed by the Thai Institute of Directors (IOD) for its 2013/2014 corporate governance status as a Thai listed company under the ASEAN CG Scorecard criteria and obtained the assessment score of 94.45. The score of “90 or higher” represents the highest range. This assessment is supported by the Securities and Exchange Commission and the Stock Exchange of Thailand. The Company was one out of 529 ASEAN listed companies under the assessment, and one out of 3 Thai listed companies in the real estate sector.
Corporate Governance Report of Thai Listed Company (CGR) Assessment
In 2014, it was assessed by the Thai Institute of Directors (IOD) for its corporate governance status as a Thai listed company. This assessment is supported by the Securities and Exchange Commission and the Stock Exchange of Thailand. The Company was one out of 29 listed companies under the assessment which obtained the “excellence” status with the mark of 94 out of 100, which is the highest assessment score out of 550 listed companies under the assessment. The Company has enjoyed this “excellence” status for the past seven years; from 2008 to 2014.
Investors’ Choice Award
It obtained the Investors’ Choice Award with the full assessment score of 100 for the quality assessment for the arrangement of its 2014 Annual General Meeting of the Shareholders for six consecutive years from the Thai Investors Association. The Company was one of the 13 listed companies that were awarded, out of 528 listed companies under the assessment. This is the second year that the Company has received this award.
The first assessment of corporate governance practices of the Company was performed in 2005. The assessment was cancelled in 2007 to allow listed companies to get ready for the following year. SC Asset’s progress can be seen as follows:
Note: In order to conform to the ASEAN CG Scorecard standard, there are many changes in the criteria and method for 2014 CGR assessment. Accordingly, the 2014’s result is not able to be compared with the previous ones.