Anti-corruption

On November 25, 2020, the Company established a working panel to work on drafting and adjusting the existing operation guidelines and related policies to prevent corruption. The working panel is also required to determine the information disclosure channel and the channels to receive complaints and propose them to the Corporate Governance Committee and the Board of Directors, respectively.

The Company submitted a request for an accreditation from Thailand’s Private Sector Collective Action Against Corruption (CAC) to the Thai Institute of Directors (IOD), as a secretariat body to the CAC. On September 30, 2021, the Company received the accreditation and became a CAC certified organization. This is for creation of standards for transparent business and promotion of business ethical standards. Accordingly, the Company announced the anti-corruption policies aimed at tightening internal control measures and preventing corruption practices, e.g., offering gifts, special service compensation, and other expenses to officials or any individuals that may involve conflict of interests; receiving gifts or assets from outsiders. If the values or gifts are high and it is believed that receiving of such gifts is not appropriate, such items shall be returned to the senders. Regarding work transparency, all budget disbursement transactions and expenses must be done in accordance with the Company’s regulation. Regarding a procedure to choose a supplier, the purchasing department has to follow bidding process. Moreover, the Company also arranges whistleblowing action and determines guidelines to protect whistleblowers under the relevant legal framework.


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