The Board of Directors realizes the importance of good corporate governance in order to maintain the stability of the organization as well as to increase the competitiveness of the business and to increase the confidence of shareholders, investors and all related parties.
Therefore, the management policy has been established with a commitment to conduct business with transparency and accountability, especially with related parties or stakeholders, for instance, the hospital has a system for patients to check the price of medical treatment for transparency. In addition, for insurance companies that have sent patients to the hospital, there is a system to verify the accountability in terms of medical treatment as well as medical expenses.
In terms of business risks, since private hospitals are considered as a business with stability, the management attempts take care of the risk both at the operational level as well as financial risks and risks arising from the changing of the control system or the Act by monitoring and controlling to be in an appropriate level.
At present, the Board of Directors pays attention to and understands and assesses risks affecting the business with a focus on financial reports. The guidelines are as follows.
- Internal reports, these include reports presenting to the management, directors, and committees for consideration and to monitor the system and monthly performance.
- External reports, the hospital has arranged to have a quarterly statement report which is done in a form of annual reports and disclose it to other external parties.
- It is also the Board of Directors’ responsibility to prepare accurate and complete financial reports in conjunction with the auditor’s report in the annual report.
Risk control through internal control; The Board has a policy to gather and monitor risks with a monitoring and surveillance system to continuously assess risks.