Corporate Governance

UPG Paint & Coating Co., Ltd. (UPG P&C) and the parent company, United Paints Group Co., Ltd. are committed to establishing a good corporate governance framework. Our corporate governance efforts are aimed at promoting transparency, accountability, and ethical business practices across all levels of the organization. With a focus on sustainable growth and long-term value creation, we have outlined the following objectives to guide our corporate governance initiatives.

Enhance Transparency and Accountability
To ensure that all stakeholders, including shareholders, customers, employees, regulatory bodies, have access to accurate information about the company’s operations, performance, and strategic decisions.

Promote Ethical Business Practices
To uphold the good standards of integrity and ethical conduct in all business activities, nurturing a culture of compliance and respect for legal and regulatory requirements.

Strengthen Risk Management and Internal Controls
To implement effective risk management framework and internal controls to protect the company’s assets, ensure operational efficiency, and minimize the risks.

Promote Sustainable Growth and Corporate Social Responsibility
To pursue sustainable growth by integrating corporate social responsibility (CSR) initiatives into the company’s business model, thereby contributing positively to the community and environment.

Risk Management

UPG recognizes the importance of a comprehensive Risk Management Framework to identify, assess, and mitigate potential risks that could impact our business operations. UPG’s Risk Management Framework can be view as below.

Risk Management for Environment and Occupational Health & Safety

As UPG Paint & Coating Co., Ltd. (UPG P&C) operates under the Integrated Management System (IMS) that incorporates the ISO 14001:2015 Environmental Management System (EMS), ISO 45001:2018 Occupational Health and Safety Management System (OHSMS), and Responsible Care Management System (RCMS), we manage risks related to environmental impact and occupational health and safety through our comprehensive documentation. These include detailed manuals, procedures, and work instructions, ensuring consistent application of best practices and compliance with the ISO standards.

Our environmental and occupational health and safety related risk management procedures are as follows.