Fundamentals of Corporate Sustainability

Business Ethics & Anti-Corruption

Business Ethics and Anti-corruption

Good corporate governance is a crucial foundation of a stable business growth in a long run, thereby affecting the Company’s credibility and stakeholders’ confidence in the Company.

The Board of Directors, therefore, performs a major role in governing business to meet the Company’s objectives legally and ethically according to the regulations, policies and principles of good governance, and to be responsible for the stakeholders, society and environment.  As such, efficient corporate governance is an important mechanism and process that would lead the Company towards a genuinely sustainable organization. 

Management Approach

The Company intends to operate its businesses with integrity by adhering to responsibility to its stakeholders, placing importance on transparency, honesty and in full compliance with laws and regulations and the Company’s principles of good corporate governance and business code of ethics which sets the scope and standards of behaviors that all employees of the Company, including the Board of Directors and executives, should act and work in the same direction under the framework of morality.

All executives and employees have a duty to comply with the Company’s Code of Ethics policy and manual to promote morality and accountability values to organizational culture.  Each executive and employee must adhere to civility and conscious behavior, impartially and fairly consider benefit and effect of the operation to the Company’s stakeholders, conduct business with responsibility and establish strong work system to prevent corruption through internal audit system.

The Company has announced the revised policies and guidelines which are more suitable to current business environment and comply with generally accepted criteria and regulations, and also promotes and supports ethical business operations.  The Company has disclosed its Good Corporate Governance and Code of Ethics manuals as well as other policies on the website and intranet so that all employees can learn by themselves and use as a guideline for the operations of the Board of Directors, executives and employees of the Company and its subsidiaries.

Performance

The Company is determined to promote knowledge and understanding in business ethics and anti-corruption policies and guidelines to the employees and suppliers through various activities and communication channels. 2021 operating performance is as follows:

1. The Company has adopted and communicated the Supplier Code of Conduct to its suppliers since 2019.

To encourage suppliers to conduct business in line with AMATA Code of Conduct for sustainable growth, in 2021, the Company communicated its Supplier Code of Conduct to 71 critical suppliers via email and received 49 acknowledgments, accounting for 69 percent of the total number of critical suppliers.

2. The Company had communicated the NO Gift policy and guideline

for accepting and giving gifts during festivals and other occasions to executives, employees, subsidiaries and external parties to be widely acknowledged so that the executives and employees could behave correctly in accepting and giving gifts to avoid conflicts of interest and to establish norms in conducting business fairly and transparently with all relevant parties.

3. The Company had organized a training course on good corporate governance

anti-corruption to 27 new employees in order to have correct knowledge about business ethics, policies, measures and procedures
(Disclosure 205-2).

4. The Company organized training on Corporate Governance and Anti-Corruption

for employees at all levels to build understanding of good corporate governance and anti-corruption according to the Thai Institute of Director’s regulation.

5. The Company required all employees to pass the good corporate governance

and business ethics tests every year by scoring more than 80%. In 2021 all employees (100%) attended online tests and 100% employees scored more than 80%.

6. The Company was certified as Thai Private Sector Collective Action against Corruption (CAC)

member since 30 September 2020.

Complaint Handling Process
(Disclosure 102-7)

The Company has set the whistleblowing policy and safe communication channels for its employees and stakeholders to report clues, send any advices or grievances or complaints concerning any wrongdoing that violates the law, rules, regulations, corporate governance principles, code of ethics and anti-corruption policy.  The measures to protect the rights of such person were established.  The information from petitioners will be kept confidential and accessible only to those responsible for an investigation of the complaint.  Such complaint will be proceeded according to the process stipulated in the Good Corporate Governance Book.

Channels to Receive Complaints

Mr. Anucha Sihanatkathakul
Chairman of the Audit Committee
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AMATA Corporation Public Company Limited

2126 Kromadit Building, New Petchburi Road, Huaykwang, Bangkok 10310 Thailand

P.O. Box no.7 Monterey Tower  
Bangkapi, Huai Khwang, Bangkok 10323 Thailand

 +66 (02) 792 0004

Mr. Vikrom Kromadit
Chairman & Acting CEO
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AMATA Corporation Public Company Limited

2126 Kromadit Building, New Petchburi Road, Huaykwang, Bangkok 10310 Thailand

P.O. Box no.7 Monterey Tower  
Bangkapi, Huai Khwang, Bangkok 10323 Thailand

 +66 (02) 792 0004

Mr. Manachai Kaoprapan
Head of Company Secretary and Legal
This email address is being protected from spambots. You need JavaScript enabled to view it.

AMATA Corporation Public Company Limited

2126 Kromadit Building, New Petchburi Road, Huaykwang, Bangkok 10310 Thailand

P.O. Box no.7 Monterey Tower  
Bangkapi, Huai Khwang, Bangkok 10323 Thailand

 +66 (02) 792 0004

Process of Complaint Management

1.

Screen facts
and investigate according to Whistleblowing Policy by authorized person.

2.

Proceed further
on a case by case basis, by the executives authorized as investigation committee should any wrongdoing be found.

3.

Report the summary of complaints
and the complaint management results in every Corporate Governance Committee meeting and to the Board of Directors at least once a year as well as disclosing the information in the annual sustainability report.

In 2021, the Company did not receive significant whistleblowing reports or complaints related to corporate governance and corruption. No employees were found to have acted against the Company’s rules and regulations. (Disclosure 205-3)

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