The Company fully acknowledges that corruption is a social threat that impacts the Company’s sustainability, as well as, economy, society, political stability, and international confidence. For this reason, the Company had signed a declaration of intent to join Thailand’s Private Sector Collective Action Coalition Against Corruption (CAC), and has clearly established various anti-corruption policies that emphasize on raising awareness of employees and the management at all levels so as to realize the danger of corruption. In addition, the right values have been instilled in order to develop organizational transparency and create confidence in joint business operation with investors, financial institutions and business partners to increase the Company’s competitiveness in both short and long term.
Thus, the Board of Directors has assigned the Audit Committee to coordinate and oversee the implementation of anti-corruption measures. Appointment of personnel responsible for defining the criteria, methods, follow-up measures and reports, is documented. There is a straightforward disclosure of information, prepared to be reviewed and examined in every process. Furthermore, the management system and guidelines have been continuously developed to ensure that the internal control system is sufficient and effective in reducing risks that may arise from corruption.
Anti-corruption-related policies are to be strictly followed by directors, executives and employees of the Company, its subsidiaries including those under the supervision of the Company. These policies comprise
Policy on Anti-Corruption
Policy on Political Contributions
Policy on Gift and Hospitality
Policy on Whistleblowing and Complaints
Policy on Provision of Financial Support
Policy on Charity Donation
The adoption of policies and principles as well as the internal control system to prevent corruptions will bring about concrete and auditable transparency and good corporate governance. The Company fully hopes that all stakeholders will gain long-term benefits from such practice as follows:
Shareholders Gain confidence on a worthwhile return on investment.
Employees Receive fair treatment in performing their duties and are provided with channels to report on clues regarding corruption to Independent Directors.
Business partners Receive fair selection, contract agreement and evaluation.
Customers Having received good quality products and services.
Contractors Facilitated in a number of ways without being charged in activities such as loan procurement, receive payment on time, there shall be inspection to accept the work and the preparation of transportation routes of materials and equipment into and out of the construction area.
Social and the Country The state receives the right and full amount of tax which will further be used for the development of the country, while at the same time, the society will gain indirect benefits from the culture of honesty fostered among employees in the organization, which will further expand widely into the society.