Be A Most Trusted Bank
Governance
KBank is committed to good corporate governance with ethics, transparency, and strict compliance with regulations and laws. The Bank’s Board of Directors oversees the Bank’s management with independent decision-making authority for the ultimate benefit of the Bank, shareholders, and stakeholders.
The Board approves the review of Vision, Purpose, Core Values, and operational strategies, as well as endorses strategic directions and policies of KASIKORNBANK FINANCIAL CONGLOMERATE, including sustainable development, an effective internal control system, and appropriate risk management processes, to work in coordination with the Management to achieve strong operating performance and sustainable growth.
In addition, the Board has appointed Board Committees, Management Committees, and Sub-Committees to delegate the close supervision and management of work in each area, and to regularly report significant performance results to the Board, thereby enhancing the efficiency and effectiveness of the Bank’s corporate governance.
Corporate Governance
The Bank has a policy to conduct its business in accordance with relevant regulations and laws, with the Board responsible for overseeing regulatory compliance and the Risk Oversight Committee responsible for supervising compliance risk management.
The Bank requires the Compliance Department, which operates independently, to oversee regulatory compliance, assess compliance risks from the Bank’s business operations, develop and review compliance policies and procedures to align with current regulatory requirements, and provide communication and training to the Board of Directors, senior management, and employees.
The Compliance Department is also responsible for monitoring and notifying the Board of Directors, senior management, and employees about changes or amendments in laws and regulations, as well as providing advice and consultation on various laws and regulations. Furthermore, it oversees the Bank’s operations to ensure compliance with regulatory requirements and prevent violations or non-compliance with laws and regulations. The Department also reports its performance to senior management, relevant committees, and regulatory authorities according to established criteria.
You can read more about the Bank’s “Statement of Corporate Governance Principles” here.
Corporate Governance Structure
Drag the image to enlarge