Business Ethics

Business Ethics

The Company adheres to operate its business with transparency, honesty and fair so it has issued a Code of Conduct for the Board of Directors, management and employees and requires the directors, executives and employees to strictly follow the Code of Conduct, perform their duties in lines with the Company’s mission within the law and Company’s regulations on the basis of the professional ethics. The Company has prepared the Code of Conduct for dissemination in the Company’s central database. There are activities to encourage compliance with the Code of Conduct and good corporate governance culture and also provide the effective communication of practice guidelines and follow up on compliance with the Code of Conduct for all employees such as

  • New employees’ orientation. There must be a topic on the principles of good corporate governance and employee ethics for understanding and as a guideline.
  • Communicating to employees about the Code of Conduct for employees via electronic mail system.
  • Organizing activities through the media in the electronic network system within the organization especially public relations which relates to the Code of Conduct and Corporate Governance principles on the first home page (Welcome Page).
  • Follow up through the operational control of the heads of each unit and through the mechanisms of the internal audit unit in monitoring and evaluation.

The Company has annually followed up and monitored the performance of the Code of Conduct. The Company also assigned the Audit Department and develop a system to monitor the practice under the audit work. The report of the Audit Committee acknowledged the audit results and suggested solutions. In addition, in 2021, the Company’s auditors who are independent auditors outside the Company have assessed their compliance with the Code, in which the assessment results have no further clarifications.

The Company emphasizes the importance to run the operations by promoting free trade competition, honesty and fairness within the framework of the law and the Company’s business ethics, avoiding the actions that may cause conflicts of interest. There are measures to supervise the use of inside information for themselves and other relatives. Respect the rights and equality of all stakeholders, including shareholders, employees, customers, business partners, competitors, creditors as well as communities, society and the environment. It has established guidelines that cover the rights and the benefits that stakeholders should receive thoroughly in the Company’s ethics and business codes.