BDMS Corporate Governance

Corporate Governance

As a leading one-stop healthcare service provider, BDMS is aware of the importance of conducting business on the basis of good corporate governance and a Code of Conduct widely accepted at both the local and international levels. In the future, the Company will apply the concept of risk management throughout the value chain and supply chain to further ensure the trust of all stakeholders. With an ethical and high-potential leader, BDMS will adhere to business ethics, conduct business with transparency and consider all risks that could occur during all business activities.

The BDMS corporate governance structure consists of the Board of Directors and 5 subcommittees: Executive Committee, Risk Management Committee, Audit Committee, Nomination and Compensation Committee, and Corporate Governance Committee. Their responsibilities are to set effective and verifiable policies, internal control measures and guidelines in accordance with international standards, while ensuring compliance with policies and constant performance evaluation.

The President is responsible for ensuring that operations and corporate governance comply with the company’s internal control measures and corporate governance guidelines. In addition, the President is in charge of communicating the policy and assigning the operational and corporate governance guidelines to senior executives, who will then communicate them to other executives and employees at all levels.

Corporate Structure

Corporate BDMS Committee

The President approves the establishment of the Corporate BDMS Committee which is responsible for putting into effect and aligning corporate policy and management, as well as reporting performance to the President, Subcommittees and the Board of Directors respectively.

  • Enterprise Risk Management Committee Manages corporate risks to the appetite level.
  • Standardization & Compliance Committee Sets guidelines in accordance with the hospital’s quality standards.
  • Sustainability Development Committee Develops strategy for sustainability by integrating technology and innovation.

Code of Conduct

See BDMS Policy Influence Contribution in here

Medical Ethics

Reporting Channels

The central Human Resources Management and Human Resources departments of BDMS subsidiaries have established contact channels for stakeholders. Any stake-holder can send a letter or e-mail their inquiries or concerns to the related personnel who continuously monitor reports and follow up cases. The reporting channels are also published in the Code of Conduct and the Whistleblower Policy.

See further details Ethics Reporting Channel here.

See further details Procedure of Ethics-related Task Management here.

Risk Management

BDMS risk management is set following the corporate Risk Management Policy. The Policy comprises risk identification and assessment, guideline establishment and integrated management throughout all business operations. The risk management performance is reported to the Risk Management Committee quarterly. In addition, any emerging risks related to the medical service business in line with global trends, population structure and technologies are assessed.

Crisis Management

BDMS sets up the guidelines and assigns responsible personnel for crisis management such as an emergency, pandemic or natural disaster according to the corporate quality and safety standards. The guidelines are to ascertain an efficient and systematic response plan to the crisis. BDMS collaborates with the stakeholders to establish the guidelines for crisis management considering both internal and external factors of the organization and prepares response plans for all scenarios.

  • See further details Responsibilities in Crisis Management here

Crisis Management during COVID-19

In 2020, COVID-19 impacted the business operations of existing and upcoming BDMS registered companies. Consequently, BDMS was required to expedite the education and establish measures to counter the impact, resulting from the pandemic. BDMS determines to display its efficiency and immediate response plan to lessen the impact, assist the stakeholders and establish a recovery plan to restore normal operations as soon as possible. See further details here.