Goal and Performance

A solid corporate governance foundation can help Charoen Pokphand Group realize our business strategy and commitment to creating long-term value for the country where we operate, the people, and our workers. As a result, the Group required all business units to carefully adhere to all applicable laws, rules, and regulations and the Group's standards.

All businesses implement a corporate governance impact scoring assessment.

Supporting the SDGs

Charoen Pokphand Group's corporate governance actions support the achievement of two Sustainable Development Goals

More Details on Sustainable Development Goals Report 2022

Stakeholders Directly Impacted

Charoen Pokphand Group performs stakeholder assessment and prioritization process on an annual basis to evaluate impacts we have on them and how can they influence our strategies and actions over time. In 2022, the evaluation results showed that our works in corporate governance directly create impacts on all 11 stakeholder groups.

More Details on Stakeholder Engagement Report 2022

Our Impact by the Numbers

Ethisphere Awards for the 3rd consecutive year, C.P. Group has been honored as “World’s Most Ethical Companies®”

Training on Codes of Conduct 100% of BoD and Employees received communication and training

Risk Management 100% of executives and employees participated in corporate risk management training

Transparent Organization 100% of business groups have been audited on transparency and fairness

  • Anti-Money Laundering Policy and Guidelines
  • Whistleblowing Policy and Guidelines
  • Personal Data Protection Policy and Guidelines

Governance Management Approach

Charoen Pokphand Group upholds the principles of corporate governance in conducting our business. We also treat all stakeholders equally. Throughout the past century, the Group has operated with transparency through the corporate governance principles which have been seamlessly merged into our business operations.

The Board of Directors governs the Group in accordance with the principles of corporate governance to ensure respect of stakeholder rights as well as control and manage risks to achieve maximum business efficiency. These endeavors contribute to adding value and creating sustainable growth for the country, the society, and Charoen Pokphand Group.

Charoen Pokphand Group has defined a work process to tangibly drive corporate governance operations, such as collaborating with representatives from affiliated companies to ensure a common operational approach and compliance with Group policies and guidelines. The Group’s corporate governance mechanisms consist of corporate governance structure development, work process creation, communication and engagement, monitoring and reporting, and disclosure.

Executives’ Responsibilities and Accountabilities toward Sustainable development

Charoen Pokphand Group’s Board of Directors approved the establishment of the Sustainability Committee, which is chaired by Mr. Suphachai Chearavanont, the Chief Executive Officer, and Chief Sustainability Officer of C.P. Group. The roles and responsibilities of the Sustainability Committee included supervising and formulating policies and sustainability goals to create maximum benefit for stakeholders, determining sustainability strategies and guidelines, driving sustainability implementation, and managing and monitoring sustainability performances across the Group. To ensure that Sustainability Frameworks and Goals are being systematically executed across the Group, the implementation of all 15 goals of Charoen Pokphand Group’s 2030 Sustainability Frameworks and Goals has been incorporated as one of the indicators for the performance evaluation of executives according to their scope of responsibility. The result of the evaluation will be reflected in their annual remunerations. The performance of executives is reviewed by the executive board, then the Board of Directors, respectively, to ensure transparency or the evaluation and remuneration process. This approval hierarchy is the same as the reporting line of sustainability activities. For more information on Sustainability Structure, please visit Sustainability Governance

Sustainability Frameworks and Goals Accountability
Group CEO CSO Director of Sustainable Development Executives / BU Managers Employees
Corporate Governance
Human Rights and Labor Practices
Education and Inequality Reduction
Leadership and Human Capital Development
Cybersecurity and Data Protection
Health and Well-being
Social Impact and Economic Contribution
Food Security and Access to Nutrition
Stakeholder Engagement
Climate Resilience
Circular Economy
Water Stewardship
Ecosystem and Biodiversity Protection
Responsible Supply Chain Management
Full Responsibility
Designated Responsibility

Risk Management Approach

Charoen Pokphand Group commits to enhancing risk management efficiency by adopting the Integrated Governance, Risk Management and Compliance (Integrated GRC) approach. Furthermore, the Group has also developed a corporate risk management system based on the international standards of the Committee of Sponsoring Organizations of the Treadway Commission (COSO) to ensure the Group’s improvement and resilience in managing risks in response to the needs of the changing business environment.

Risk Management Culture

To enable Charoen Pokphand Group’s stable and sustainable growth amidst business uncertainties, the Group places importance in reinforcing a risk management culture across the organization by establishing and implementing risk management policies and guidelines throughout the Group, reviewing risk management structure to define roles and responsibilities more clearly, communicating and offering trainings related to risks, and sharing knowledge in risk management.

The Charoen Pokphand Group aims to ensure that all levels of employees are attentive to their daily tasks and are aware of the Group's risk management rules. Risk management parameters have been incorporated into the employees’ performance evaluation form.

Risk Training

In 2022, Charoen Pokphand Group organized training courses for executives and employees from business groups related to risk management as follows:

  1. Risk Control Effectiveness Course: The course was designed for executives and departments that are responsible for the risk management of business groups. It was aimed to create executive and employees’ understanding of the risk control measures and be able to apply the guidelines and methods to monitor, measure, and assess the risk management measures of the business.
  2. Enterprise Risk Assessment Course: The course was designed for executives and employees of the business group. The course objectives were designed to create an understanding of the standardized risk management practices of the organization and encouraged executives and employees to apply such management guidelines to identify and assess the risks involved in being part of the decision-making strategy, plans, and operations in various areas of the business.

Analysis of Emerging Risks

Charoen Pokphand Group has appointed the Corporate Governance, Risk and Audit Steering Committee to supervise overall risk management, analyze internal and external business environment as well as global economic, social, environmental, political, and technological trends to assess key risk factors/trends and consider the formulation of appropriate mitigation measures for such key risks. In 2022, the analysis of emerging risk factors that may cause widespread impact on the Group and relevant industries within the next 3-5 years include, biodiversity loss, elimination of non-compostable plastic use, and technological development impacting the environmental and societal health.


Charoen Pokphand Group has defined operational and behavioral guidelines in the Charoen Pokphand Group Code of Conduct which has been submitted to directors, executives, and employees at all levels for their acknowledgement, understanding, and adherence as guidelines in performing their duties.

Code of Conduct

The process to Identify Risk from Non-compliance

Compliance Risk Profiling: The assessment of both the likelihood and severity of non-compliance. The assessment is carried out at least once a year, or when significant changes occur, in order to prioritize compliance and determine appropriate control measures.

Compliance Training

The appropriate type of communication is selected based on the target audience, content, and objectives according to the established communication and training plan. Additionally, consulting channels are provided for clarification of any queries. The issues in question will be used to further improve communications.

Employee Engagement in Compliance Development The Group has used the survey results of employees’ acknowledgment of corporate governance and compliance to develop operational processes as well as training and communications. The Group used the survey results to plan for the improvement of employee acknowledgment, as follows:

  • Awareness Development in compliance operations
  • Awareness Development in whistleblowing and complaints
  • Awareness Development in Accessing the Code of Conduct, policies, guidelines, and regulations.

Complaints and Whistleblowing

Charoen Pokphand Group has established the Whistleblowing Policy and Guidelines to accept opinions, recommendations, and complaints from both internal and external parties who have been affected or are likely to be affected by the Group’s business operations. Furthermore, to demonstrate clear, honest, and transparent practices, the Group has determined guidelines that are consistent with international standards regarding the roles and responsibilities of concerned parties, whistleblower/complainant protection measures, investigation process, and penalties. Moreover, the Group also integrates the guidelines stated in the Code of Conduct, other relevant policies and guidelines, as well as those set forth in the applicable laws, rules and regulations into employee performance evaluation criteria. The result of the compliance is not only linked to employees' annual remuneration but also career promotion opportunities.

Number of Complaints Relating to Employee Misconduct and Management Measures in 2022

2022 Management Measure
No. of Cases Under Investigation Substantiated Case Non-substantiated Case Verbal Warning Written Warning Suspension Dismissal
Complaints Related to Ethics and Morality (case)
Fraud 3 2 - 1 - - - -
Conflict of interest 5 3 - 2 - - - -
Non-compliance 7 - 5 2 3 2 - -
Discrimination - - - - - - - -
Harassment 1 - 1 - 1 - - -
Corruption 1 - 1 - - - - 1
Insider Trading - - - - - - - -
Anti-competitive Behavior - - - - - - - -
Complaints Related to Anti-Competitive Behaviors (case)
Violation of Customer Personal Data - - - - - - - -
Total (Case) 17 5 7 5 4 2 - 1

Remark: The number of complaints shown in the table are the numbers received through Charoen Pokphand Group’s website: https://grc.cpgroupsustainability.com

Details on violation of the Code of Conduct and ethics