Sustainable Governance

Sustainable Governance

GULF prioritizes sustainable organizational management and emphasizes risk management in business activities from strategic planning to day-to-day operations.

From source to destination, we conduct our businesses to grow sustainably.

Within the corporate governance framework, we established the Sustainability Governance and Risk Management Committee in 2020.

The committee operates at the board level and is tasked with setting directions and strategies for and strategies for organizational sustainability and risk management. This is done in compliance with legal requirements and international standards to foster a business culture that prioritizes economic, social, and environmental balance, as well as to enhance transparency throughout the organization.

The Sustainability Governance and Risk Management Committee

Mr. Somprasong Boonyachai
  • Chairman of the Sustainability, Governance and Risk Management Committee
  • Independent Director
An esteemed committee member of the National Strategic Committee on Human Capital Development and Strengthening, Somprasong Boonyachai is a technology expert and is dedicated to advancing operational efficiency and human resource development in organizations.
Mr. Santi Boonprakub
  • Member of the Sustainability, Governance and Risk Management Committee
  • Director
The former Secretary-General of the Office of Natural Resources and Environmental Policy and Planning, Santi Boonprakub, haswith extensive experience in social-environmental management and governance.
Mrs. Sirivipa Supantanet
  • Independent Director
  • Member of the Audit Committee
  • Member of the Sustainability, Governance and Risk Management Committee
A finance and capital markets specialist, Sirivipa Supantanate brings extensive experience in financial regulation, corporate governance, risk management, and securities market development. She previously served as Deputy Secretary-General of the Securities and Exchange Commission of Thailand and has held several key positions on audit, risk management, and governance committees.

Board and Executive Accountability

GULF recognizes the importance of effective corporate governance and the accountability of its Board of Directors and executives in overseeing the Company’s sustainable operations. The Company is committed to supporting the effective discharge of their duties and responsibilities through appropriate governance practices and risk management measures.

GULF maintains a Directors' and Officers' Liability Insurance (D&O Insurance) to provide appropriate protection for members of the Board of Directors and executives in connection with the performance of their duties and responsibilities. The coverage is reviewed annually to ensure alignment with the Company's governance framework and applicable legal requirements.