Corporate Governance

Conflict of Interest Policy

Conflict of Interest Policy
The Board of Directors recognizes the potential for conflicts of interest therefore a Code of Conduct has been established as part of the overall Code of Business Conduct This Code aims to ensure that executives and all employees avoid potential conflicts with the personal interests of employees and executives, including their spouses and underage children, with respect to the company and its shareholders’ dealings with other businesses and third party persons.
In addition, the Board of Directors decrees that any transaction that may potentially involve a conflict of interest, or is a connected transaction or related-party transaction must be brought to the Audit Committee to consider its appropriateness. The Board has set clear policies and procedures for approval in accordance with the regulations of the Stock Exchange of Thailand, by requiring those who are involved in, or connected with, the transaction to inform the Company of their relationship or connection to the transaction, to not allow such persons to participate in the adjudication or approval process, and in such cases involved persons must abide by all prices and conditions as when transacting with a third party.

In the case where the Audit Committee does not have the expertise to evaluate a potential related-party transaction, the Company will assign an internal auditor, an independent expert or the Company’s auditor to offer their opinions on the said transaction for the benefit of the Board of Directors or shareholders in their decision-making, as the case may be.
Disclosure of the connected transaction, or such related-party transactions, are to be recorded in the Annual Registration Statement 56-1, and in the Company’s financial statements.

Conflict of Interest Policy ::Download.(pdf)