---
id: 6113
title: "Thaioil: Best Energy Corporate Governance Thailand 2018"
award_year: 2018
published: 2018-10-16 13:40:57
published_gmt: 2018-10-16 12:40:57
author: "CFI.co Editorial"
url: "https://cfi.co/awards/asia-pacific/2018/thaioil-best-energy-corporate-governance-thailand-2018/"
categories: ["Asia Pacific", "Best Practice", "Corporate Governance", "Industries", "Oil & Gas"]
content_class: award_rationale
independence_status: independent_editorial
sponsor_disclosure: none
editorial_lens: constructive_positive_lens
historical_status: current_at_publication
correction_status: none
archive_policy: no_delete
provenance_layer: github_versioned
wayback_status: archived
wayback_first_snapshot: 20190426094420
wayback_snapshot_url: "http://web.archive.org/web/20190426094420/https://cfi.co/awards/asia-pacific/2018/thaioil-best-energy-corporate-governance-thailand-2018/"
license: CFI-OAAL-1.0
content_sha256: 2aabeaec5a1d7040046de4023d49dac7a79171da82d17ea522dba29f6ad41cad
canonical: 6113-thaioil-best-energy-corporate-governance-thailand-2018.json
---

# Thaioil: Best Energy Corporate Governance Thailand 2018

> Verbatim archived copy. Canonical machine record: `6113-thaioil-best-energy-corporate-governance-thailand-2018.json`.

[caption id="attachment_6330" align="aligncenter" width="1000"]<img class="size-full wp-image-6330" src="https://cfi.co/awards/wp-content/uploads/2018/10/Atikom-Terbsiri.jpg" alt="" width="1000" height="686" /> <strong>President &amp; CEO:</strong> Atikom Terbsiri of Thaioil Public Company Limited[/caption]
<p style="text-align: justify;"><strong>Good corporate governance enables transparent and sustainable profits that benefits all stakeholders.</strong> To achieve Thaioil’s corporate vision of being “a leading fully integrated refining and petrochemical company in Asia Pacific” the company has endeavored to ensure that it adheres to the highest possible standards of governance. The results of the past five years clearly show the strategy has been paying off, with a steady growth benefitting all stakeholders. The CFI.co judging panel found that while Thaioil was adhering to international best practice for its governance principles, it was the overriding commitment to fairness that really set Thaioil apart. Corporate governance is not a tick-box exercise for the company; rather, it is a way of delivering the company’s value set of always trying to be fair – and ensuring that the systems are in place to deliver “fairness” throughout the organisation. Thaioil responds quickly and effectively when a policy or practice needs adjustment. The CFI.co judges were unanimous in declaring Thaioil as having the Best Energy Corporate Governance Thailand 2018.</p>