Bangkok--20 Dec--PTT
PTTEP has earned its second “very good” corporate governance (CG) rating from TRIS. This year’s score is 8.31 points (10-point scale), up from the 8.14 points scored in 2004.
On December 15, 2006 Mr. Maroot Mrigadat (นายมารุต มฤคทัต), President of PTT Exploration and Production Public Company Limited or PTTEP, reported PTTEP’s CG rating result evaluated by Thai Rating and Information Service Co., Ltd. or TRIS. This sound result reflects the firm’s drive and determination to continuously strengthen its CG at all levels.
“PTTEP is quite keen on constantly upgrading corporate governance. It is a vitally important element of our tactical business goals, and is critical to our steady and sustainable growth.” Mr. Maroot said.
TRIS commented that receiving a “very good” CG rating reflected PTTEP’s improvement in more rapid information disclosure as well as in greater investor convenience in accessing information because of the increased number of information channels. TRIS added that PTTEP has also conducted “very good” Shareholders’ Meetings by ensuring that all shareholders enjoy equal basic rights in fair voting procedures. Additionally, PTTEP Risk Management has been developed in a very systematic way throughout the company. Lastly, TRIS noted that the company’s the Board of Directors performed well in the past year, and demonstrated constant awareness of the importance of vigilance in corporate governance matters.
Apart from this “very good” CG rating received from TRIS, PTTEP also received “Best Performance Awards” for its “Resources” Group and “Distinction in Maintaining Excellence Corporate Governance Report”, which the Stock Exchange of Thailand or SET has awarded PTTEP for four consecutive years.
For more information, please contact Sidhichai Jayant/ Tongchit Pongorapin
External Relations Department Tel. +66 (02) 537 4592, +66 (02) 537 4587