Delta Maintains Excellent Rating in 2023 Corporate Governance Report of Thai Listed Companies for 8th Consecutive Year

By Delta Thailand - Published January 23, 2024

Bangkok, Thailand, January 5, 2024- Delta Electronics (Thailand) PCL. received a high score of 104% for another year of “Excellent” recognition in the Corporate Governance Report (CGR) of Thai Listed Companies 2023. This is the eighth consecutive year for Delta to receive the top rating after a score of 94% in 2022. The Thai Institute of Directors Association (Thai IOD), with support from the Stock Exchange of Thailand (SET), conducts the CGR every year to assess the corporate governance practices of Thailand’s listed companies.

The CGR classifies companies into six groups according to their corporate governance scores. The top five groups of companies have scored over 50% and one to five National Corporate Governance Committee logos to signify their level of recognition. In 2023, the Thai IOD recognized listed companies that placed importance on cultivating sound corporate governance to achieve sustainable growth and the trust of both domestic and international investors necessary to gain global recognition.

In 2023, Thai IOD introduced new assessment criteria to meet international standards focusing on sustainability. The new set of 172 criteria and a weighting scheme required adjustments to the scoring algorithm. Of the 654 companies assessed with the average scores of 60% or higher, 405 companies (52%) received the “Excellent” recognition for 80% or higher score, 120 companies (15%) obtained the "Very Good" recognition for 70-79% score and 129 companies (17%) received the "Good" recognition for a 60-69% score.

Delta’s high score of 104% in 2023, maintains its leading role among the top-scoring Thai companies with five logos and an “Excellent” level ranking. This showcases Delta’s commitment to sustainable growth with good corporate governance and benefits for stakeholders and society.

Established in 1999, the Thai IOD is a membership organization that aims to promote professionalism in directorship. In 2023, 782 listed companies took part in the assessment, with an average score of 81% after adjusting criteria to align with international standards that highlight sustainability and a more proactive role and leadership of the board of directors per the CG Code and investors' expectations.

Delta’s years of excellent CGR performance underscore its successful sustainable development strategy and effective ESG actions. As a SET-listed company and global corporate citizen, Delta commits to adding value to stakeholders and delivering on its brand promise: Smarter. Greener. Together.