5 days ago
CP AXTRA Champions Governance for Sustainable Growth
Bangkok, July 17, 2025 – CP AXTRA Public Company Limited, the operator of Asia's leading wholesaler and retailer 'Makro - Lotus's', reaffirmed its commitment to corporate governance by hosting 'AXTRA CG DAY: Good Governance for Sustainable Growth'. The event reflected the company's dedication to embedding good governance principles as the foundation of its business practices and to fostering a culture of transparency, accountability, and fairness for all stakeholders. By prioritising equitable treatment of shareholders and meaningful stakeholder engagement, CP AXTRA aims to drive long-term, stable, and sustainable growth.
Distinguished attendees included Ms Sineenart Chamsri, Senior Vice President of Corporate Sustainability Development at the Stock Exchange of Thailand, alongside CP AXTRA's Board of Directors and senior executives. Their presence demonstrated unified support for strengthening corporate governance across all levels of the organisation.
Mr Suphachai Chearavanont, Chief Executive Officer of Charoen Pokphand Group, Chairman of the Board of Directors, and Chairman of the Executive Board of CP AXTRA Public Company Limited, emphasised the Group's four main pillars of corporate governance, stating: 'Good governance is not merely about rules and regulations; it is about moral values deeply embedded in our corporate culture. It is the heart of sustainability, reflected in four key pillars: (1) Integrity, (2) Commitment to delivering excellence, (3) Empowering employees to grow together, and (4) Responsible resource utilisation to generate lasting value for society, the economy, and the environment. True sustainability must begin from within and radiate outward to positively impact the broader community.'
The event also featured a panel discussion titled 'Combining Strengths: Driving Organisational Sustainability Through Good Governance', led by Dr Teerapon Tanomsakyut, Director of CP AXTRA. He emphasised the Board's critical role in translating governance policy into practice, grounded in six core principles: accountability, transparency, fairness, stakeholder engagement, ethics, and executive responsibility. These values form the foundation of a sustainable and trustworthy organisation and demonstrate a commitment to leading with integrity.
In addition, Mr Tanit Chearavanont, Chief Executive Officer of Makro Thailand, and Mr Sompong Rungnirattisai, Chief Executive Officer of Lotus's Thailand, shared insights on applying good governance across all operational areas—from procurement and compliance across nationwide branches to internal communication on corporate governance. They stressed the importance of ensuring that employees at all levels understand and align with these principles. This 'tone from the top' is vital to building a strong and enduring governance culture within CP AXTRA.
CP AXTRA continues to embed good governance into its organisational DNA, implementing governance principles across all work processes from the head office to more than 2,600 Makro and Lotus's stores nationwide. The company remains committed to becoming a trusted business leader, driving steady growth through robust governance and ethical practices in every dimension.
