Corporate Governance Policy and Business Ethics

Praram 9 Hospital Public Company Limited (“the Company”) was registered as a public limited company on 29 March 2018 and listed its ordinary shares on the Stock Exchange of Thailand on 30 October 2018, under the ticker symbol “PR9”.

Recognizing the importance of compliance with the principles of good corporate governance, the Board of Directors has, therefore, set a policy to continuously promote better corporate governance within the organization with a belief that it is a significant factor promoting the Company’s effective business operations.

Good corporate governance is a tool to demonstrate the effectiveness, transparency, fairness and accountability of management systems, which will enhance confidence of the Company’s shareholders, investors and all stakeholders that enables long-term growth and sustainable value for the business.

Since the conversion into Rama 9 Hospital Public Company Limited, the Board of Directors has developed a written policy on corporate ethics and good corporate governance of the Company (which does not have any subsidiary and affiliates). The main content of the policy complies with the aws, CG Code of the Securities and Exchange Commission’s, CG Principles of the Stock Exchange of Thailand, the criteria set by the Institute of Directors (IOD), ASEAN Corporate Governance Scorecard (ASEAN CG Scorecard), covering five significant good corporate governance principles -- shareholders’ rights, equitable treatment of shareholders, role of stakeholders, disclosure of information and transparency, and responsibilities of the Board of Directors. The Company has also prepared for complying with the Corporate Governance Code for Listed Companies of the 2022 Corporate Governance Report of Thai Listed Companies (CGR) to incorporate all sustainability issues with an emphasis on disclosing environmental, social and corporate governance (ESG) data in order to cover all key factors and support changes in business environment requiring making adjustments to the Company’s goals, strategies and operations.

The Company has established the Code of Conduct, which have been included as part of the Company’s employee training programs and new employee orientation to raise employee awareness to the Company’ s Code of Conduct. The Code of Conduct was communicated to directors, executives, and employees via the Company’s Intranet, documentation and web site www.praram9.com under the Investor Relations Section. The communication encompassed 100% of the Company’s directors, executives and employees as planned. In addition, at the end of such training program, successful completion of the training requires a minimum passing percentage score to assess knowledge improvement of the participants. Compliance monitoring has also been put in place to ensure that all relevant stakeholders strictly observe the Company’s Code of Conduct. In addition to internal stakeholders, the Company also communicated with external stakeholders, including service recipients, shareholders, clients, suppliers, business partners, etc. As a result, in 2022, no case of misconduct or failure to comply with the Company’s Code of Conduct was found against anyone.

In 2022, the Company uplifted its corporate governance as follows:

  • The Board of Directors reviewed the Corporate Governance Policy and determined that the Company should communicate and monitor compliance with the Corporate Governance Policy and the Anti-Corruption Policy of the Company.
  • Focusing on expanding a transparent business network to clients, suppliers, business partners as well as persons and/or related agencies and encouraging them to join in tackling all forms of corruption and join the CAC Change Agent.
  • Communicating the Company’s Corporate Governance Policy and the Anti-Corruption Policy to all executives and employees and all relevant stakeholders via its intranet and web site: www.praram9.com under the Investor Relations Section, under the title “ Corporate Governance”.

The Board of Directors has placed great importance on corporate governance and sustainable development and encouraged employees to apply such policies and guidelines to their day-today operations. This has resulted in the following achievements we have been proud of.

  1. The Company received the Sustainability Excellence Award in the category of Rising Star at the SET Awards 2022.
  2. The Company was selected one of the 170 listed companies in the 2022 Thailand Sustainability Investment (THSI) list (Services Sector) for the second consecutive year, which reflects that the Company has placed great importance not only on maximize its performance but also to the responsibility towards the society and environment, and corporate governance.
  3. The Company achieved the “Excellent” recognition level for the assessment of Corporate Governance Report of Thai Listed Companies, (CGR) 2021 and was one of the Top Quartile of listed companies with market values of Baht 3,000 - 9,999 million for the fourth consecutive year from the first year of its listing on the Stock Exchange of Thailand.
  4. The Company received 100 full score for the 2022 Annual General Meeting (AGM) Quality Evaluation Program for the fourth consecutive year from the first year of its listing on the Stock Exchange of Thailand.
Business Ethics
Corporate Governance Policy
Anti-Corruption Policy
Tax Policy
Tax Performance of PR9
Privacy Policy (Patients and any persons who have relationship with the patients)
Privacy Policy (Healthcare professionals, employees and job applicants)
Privacy Policy (Stakeholders)
Privacy Policy (Third Party)