CH. Karnchang Public Company Limited Group gives priority to
anti-corruption and fraud, as well as supporting and promoting awareness among all of its personnel concerning anti-corruption and fraud of all kinds. The Board of Directors thus formulates the anti-corruption and bribery policy and practices to ensure that its personnel at all levels, including employees, agents, affiliated companies or any other persons acting for or on behalf of the legal entity, whether or not such person will have the authority or duty to do such act, have adhered thereto in their work performance, per the following details:
CH. Karnchang Public Company Limited Group has a commitment to comply with the anti-corruption and fraud laws in accordance with the Organic Act on Counter Corruption (No. 3) B.E. 2558 (2015), to which Section 123/5 imposing liability on persons bribing any governmental officials has been added, as follows:
“Section 123/5 Whoever gives, offers or agrees to give any item of property or any other benefits to any governmental official, foreign governmental official, or international organization official in order to induce such person to do, not to do any act, or to delay the doing of any act, which is in breach of his/her duty, shall be punished with imprisonment not exceeding five years or a fine not exceeding Baht One Hundred Thousand, or both.
In the event that the offender under paragraph one is a person related to a legal entity and commits such offence for the benefit of such legal entity, without such legal entity’s appropriate internal control measures to prevent the commission of the offence, such legal entity shall be liable under this Section and shall be punished with a fine from one times but not exceeding two times of the damages incurred or the benefits gained.
A person related to the legal entity under paragraph two shall include an employee, agent, affiliated company, or any other person acting for or on behalf of the legal entity, whether or not such person has the authority or duty to do such act.”
That is to say, any act in violation of such law is deemed illegitimate and contrary to the compliance policy, in which case, personnel at all levels must oppose and refrain from such violation.
Personnel at all levels of the Company and companies in its Group, including their employees, agents, affiliated companies, or any other persons acting for or on behalf of the legal entity, whether or not such person will have the authority or duty to do such act, must comply with the practices stipulated herein as follows:
Comply with the anti-corruption and bribery policy, code of business ethics, including rules, regulations and Articles of Association of the Company, without any involvement with fraud, corruption of all kinds, whether direct or indirect;
Perform his/her duties with transparency and auditability, which also includes that he/she must be prepared at all times for audit or inspection by the Company or companies in its Group or relevant authorities;
Do not act in any way that indicates the intention of fraud or corruption, including offering or accepting any bribe to and from any person who is related to the Company Group through any matter under his/her responsibility, whether directly or indirectly, in order to gain benefits to the organization, themselves or related persons;
Do not neglect or ignore any act of bribery and corruption related to the Company and companies in its Group, whereby it is deemed a duty of all personnel to report to their supervisors or responsible persons on such bribery and corruption, as well as cooperate in any investigation of facts;
Do refrain from offering money or valuable items or services, such as, gift, entertainment, travel, to any governmental officials, foreign governmental officials or international organization officials, whether direct or indirect, in order to induce such person to do or omit to do any act, which is illegal; and do not support or engage other persons in committing such act.