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Bangkok Post

CP Axtra touts good governance for sustainable growth

CP Axtra Plc, the operator of the Makro-Lotus's wholesale and retail brands, recently held "Axtra CG DAY: Good Governance for Sustainable Growth". The event reflects the company's dedication to establishing good governance principles as the foundation of its business practices and to fostering a culture of transparency, accountability and fairness for all stakeholders. By prioritising equitable treatment of shareholders and meaningful stakeholder engagement, CP Axtra aims to drive long-term, stable and sustainable growth. Suphachai Chearavanont, chief executive of Charoen Pokphand Group, chairman of the board of directors and chairman of the executive board of CP Axtra, said good governance is not merely about rules and regulations but also about moral values deeply embedded in the corporate culture. He added that good governance is at the heart of sustainability, reflected in four key pillars of the group's corporate governance. These include integrity; commitment to delivering excellence; empowering employees to grow together; and responsible resource utilisation to generate lasting value for society, the economy and the environment. "True sustainability must begin from within and radiate outward to positively impact the broader community," he said. The event also featured a panel discussion titled "Combining Strengths: Driving Organizational Sustainability Through Good Governance," led by Teerapon Tanomsakyut, CP Axtra's director, who emphasised the board's critical role in translating governance policy into practice, grounded in six core principles: accountability, transparency, fairness, stakeholder engagement, ethics and executive responsibility. These values form the foundation of a sustainable and trustworthy organisation and demonstrate a commitment to leading with transparency and integrity. In addition, Tanit Chearavanont, chief executive of Makro Thailand, and Sompong Rungnirattisai, chief executive of Lotus's Thailand, shared insights concerning the application of good governance across all areas of operations, from procurement and compliance across nationwide branches to internal communication on corporate governance. They stressed the importance of ensuring that employees at all levels understand and align with these principles.