No Gift Practice
The company
realizes that an act of giving/receiving gifts, assets or other interests and
entertainment might be a channel of corruption. However, establishment of good
relationship with business partners, distributors, business allies and
government agencies are important for business operation. As a result, the
company determines the guidelines on giving/receiving of gifts, assets or other
interests and entertainment for the directors, the management and the employees
to follow with transparency and expression of kindness in various occasions as
appropriate, in accordance with the announcement of the National
Anti-Corruption Commission. For such giving/receiving of gifts, assets or other
interests and entertainment, any behaviors showing corruption shall not be
conducted in order to gain interests in an indirect manner. Giving
gifts, asset or other benefits The
directors, the management and the employees can give any gifts, assets or other
interests traditionally or on occasions as appropriate. Such giving should be
done in the form of promoting the company’s image, and shall not be in breach
of relevant laws. Also, it must not be done with an intention to persuade the
receiver to provide facilitation or advantages over the competitors, or reverse
the company’s wrong action to the right one. Therefore, the company defines the
guidelines on giving of gifts, assets or other interests as follows: - 1) The giving of gifts, assets or other
interests on behalf of the company can be done upon order or approval in
accordance with the company’s authority regulations. Such giving should be made
in public and can be disclosed to the employees or other persons. 2) Any gifts, assets or other interests
given to a government official, a state enterprise official or a government
agency should not exceed the amount to 3,000 baht / piece / person / project.
If necessary, the giving exceeding the amount to 3.000 baht shall be approved
by the chief executive officer. 3) The giving of gifts, assets or other
interests to a person or juristic person who/which is not a government agency,
government official or state enterprise official, the amount can be considered
in accordance with the company’s authority regulations. 4) The abovementioned practices shall
not be in breach of the announcement of the National Anti-Corruption Commission
regarding the regulations of receiving of assets or other interests with
government officials’ morality. Receiving
the gifts, asset or other benefits The company does not allow the
directors, the management and the employees to receive any gifts, assets or
other interests from customers, distributors and business allies, except that
such receiving is done traditionally or on occasions as appropriate. This is to
prevent any frauds, briberies or bad intentions to persuade the employees
to provide facilitation or reverse the wrong action to the right one.
Therefore, the company determines the following guidelines on receiving of
gifts, assets or other interests.
1) The employees can
receive any gifts, assets or other interests on traditions,
festivals or important days and on occasions as appropriate and traditionally,
in order to keep a good relationship between organizations or persons. Such
receiving shall be made with transparency. It must be ensured that the
receiving will not affect or influence on decision making regarding the
company’s operation and business. Also, it shall not cause any risks of fraud,
bribery or corruption.
2) The employees or the management shall receive any
gifts, assets or other interests on behalf of the company and shall report such
giving to their supervisors. The giving should be made in public or can be disclosed
to the third party. In the event that the supervisor considers that it is
inappropriate to receive such gifts, assets or other interests, the receiver
shall return them immediately to the giver. If they cannot be returned, the
employee shall report to the supervisor. Entertainment The company realizes the importance
of good relationship with its stakeholders. Therefore, the following guidelines
on entertainment are specified: - 1) The expenses for business
entertainment, such as food and beverage, sports and recreation activities, the
other expenses directly relevant to the business operation or trade custom as
well as the act of giving knowledge and understanding of business can be done
with reasonable payment and without effects on the receiver’s decision or
conflicts of interest between companies, receivers or other relevant third
parties. 2) The withdrawal of such payments can
be made in writing by specifying names of the provider and the receiver of such
entertainment as well as clear objectives. Then, the approval should be made in
accordance with the company’s authority regulations. Prohibition
of giving or receiving gifts, asset or other benefits and entertainment The company determines the prohibition for the directors,
the management and the employees on giving/receiving of gifts, assets or other
interests and entertainment as follows: - 1) The directors, the management and
the employees are not allowed to give/receive money, assets or other interests
to/from any persons who have an intention to persuasively perform an operation,
disregard duties or commit any actions in the scope of illegality and fraud,
both to the face and behind the back. 2) The spouses, the children and the
family members of the directors, the management and the employees are
prohibited to operate or behave as an agent to give/receive gifts, assets or
other interests in the form of cash, check, bond, stock, gold, jewelry, real
estate or other similar things to/from any stakeholders involved in their
cooperation with any government or private agencies in order to persuade
decision making, perform or neglect to perform any actions which lead to
improper operations and gain improper interests which might cause risks of
giving/receiving bribes or corruption, to persuade decision making on business,
or to cause incorrect and improper trading operation. 3) The directors, the management, the
employees, their spouses, their children and their family members are not
allowed to be an agent to offer giving/receiving of assets, objects or any
other interests to/from those relevant to the business, government agencies or
other organizations in exchange for improper privileges or to make a government
official neglects to perform in accordance with the rules, regulations and
laws. 4) The directors, the management and
the employees are not allowed to organize entertainment or attend entertainment
in order to ask for assistance or persuade decision making of government
officials, partners or business agents or make influence over decision making
on business. 5) It is prohibited to organize
entertainment at the places in scope of sexual indecency and sexual services. |
