Any actions against moral principles, violation of business ethics, failure to comply with laws and regulations, or corruption will have a direct impact on stakeholders’ confidence as well as the Company’s reputation and image. Furthermore, such acts could impede the Company’s sustainable growth and the development of the country.
The Company's stability and sustainability can be ensured by operating a business with transparency, ethics, and moral values, considering the impact on all stakeholders, which will gain support from those affected and attract talented individuals, investors, or businesses that share the same values.
The Company aims to conduct its businesses operation with integrity and responsibility towards its stakeholders. It places a strong emphasis on transparency, honesty and compliance with laws, regulations as well as the principles of good corporate governance and a business code of ethics. These guidelines establish the scope and standards of behaviors that all employees, including the Board of Directors and executives, must adhere to in order to work in alignment with ethical values.
All executives and employees are obligated to follow the Company’s Code of Ethics policy and manual, in order to instill values of morality and accountability in the organizational culture. It is important for each executive and employee to behave with civility and consciousness, to consider the benefits and impacts of their actions on the Company’s stakeholders impartially and fairly, to conduct business with responsibility and to establish robust work system that prevents corruption through internal audit system.
The Company has announced revised policies and guidelines that are more suitable for the current business environment, comply with generally accepted criteria and regulations, and promote and support ethical business operations. The Company has also disclosed its manuals for Good Corporate Governance and Code of Ethics, along with other policies, on its website and intranet. This allows all employees to learn and use them as a guideline for the operations of the Board of Directors, executives and employees of the Company and its subsidiaries.
In 2022, the Company sent an email to 85 critical suppliers to inform them of the Supplier Code of Conduct and received acknowledgments from all of them, accounting for 100% of the total number of critical suppliers.
for accepting and giving gifts during festivals and other occasions to its executives, employees, subsidiaries and external parties to ensure widespread awareness. This was done to ensure that executives and employees behave correctly in accepting and giving gifts, thereby avoiding conflicts of interest and establishing norms for conducting business fairly and transparently with all relevant parties.
for 41 new employees to ensure that they have a correct understanding of business ethics, policies, measures, and procedures.
for employees at all levels to emphasize their understanding of good corporate governance and anti-corruption practices. There were 51% of all employees participated in the training.
annually with a minimum score of 80%. In 2022, 100% of employees took the online test and achieved a score of more than 80%.
since 30 September 2020.
The Company has established a Whistleblowing Policy and safe communication channels for its employees and stakeholders to report any clues, advice, grievances, or complaints regarding any misconduct that violates the law, rules, regulations, corporate governance principles, code of ethics, and anti-corruption policy. Measures have been put in place to protect the rights of such persons. The information provided by whistleblowers will be kept confidential and accessible only to those responsible for investigating the complaint. Such complaints will be processed according to the process stipulated in the Good Corporate Governance Manual.
Mr. Anucha Sihanatkathakul Chairman of the Audit Committee
Mr. Vikrom Kromadit Chairman & Acting CEO
Mr. Manachai Kaoprapan Head of Company Secretary and Legal