Code of Conduct

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For the purpose of preserving the interests of all its stakeholders, Thai Wah Public Company Limited (“the Company”) has adopted the following Code of Business Conduct in the course of its operations. The Code has been drafted based on the principles of integrity, transparency and good corporate governance and social ethics to achieve sustainable growth.

Business Conduct in the Operations of the Company

  • Carry out their duties and responsibilities prudently, with due care and at all times take into consideration the interests of the Company's various groups of stakeholders.
  • Attend every meeting except for special circumstances, which make attendance not possible, with a view to effectively contributing to issues being considered. Sufficient time should be allocated to important matters for in-depth discussions and independent views and opinions should be sought from each director / senior management.
  • Ensure that the legal rights of stakeholders, including employees, suppliers, communities, competitors, and creditors are not violated by any of the Company's actions or decisions.
  • Support cooperation between the Company and the various groups of stakeholders in order to secure the wealth and stability of the business.
  • Resolve conflicts of interest carefully, honestly, fairly, and independently in the best interest of the Company.
  • Fix remuneration and welfare benefits, which are commensurate with market rates in the same industry, with the performance of the Company and the individual.
  • Disclose information correctly, completely, transparently, and on a timely basis together with adequate supporting data, if any.
  • Implement and maintain an effective internal monitoring and control system over finance, operations, and regulatory compliance of the Company. The system should incorporate risk management to capture early warning signs of problems and extraordinary items, which may arise.
  • Value the importance of human resources by providing competitive compensation packages to attract, retain, and motivate quality staff and treat each employee fairly and without prejudice as well as by providing a safe and hygienic working environment.
  • Define the proportion of executive directors and independent non-executive directors to balance their power. There should be a clear separation of power and authority so that no person would be granted unlimited power.
  • Ensure all corporate business is conducted in accordance with high standards of corporate governance with legally and ethically accepted corporate practices.
  • Keep the Company's information and activities strictly safe and confidential, and do not use any internal and/or confidential information of the Company for personal gain.
  • Strictly follow all rules and regulations of the Company and instructions from their superior. Be polite, obedient, respectful, and to maintain esprit de corps among colleagues and assist each other in the course of work.
  • Perform their duties diligently and punctually and not abandon or disregard any duty or work that has been assigned to them.
  • Treat all the Company's clients fairly, courteously, respectfully and promptly, not disclose customers' confidential information, and not use customers' information for personal and/or related person gain.
  • Perform their duties by utilizing the Company's property and resources economically with utmost benefits, and safeguard the Company's property so it does not unnecessarily depreciate in value or produce a loss.
  • Keep the Company's information and activities strictly safe and confidential, and do not use any internal and/or confidential information of the Company for personal gain.
  • The Company shall not undertake any activity, which may adversely affect the national security, economy, and well-being of the people. The Company shall consider supporting charitable organizations at its discretion.
  • The Company shall give support to the employees, the management, and Board of Directors to pursue environmental and nature conservation activities and shall not undertake any activities, which may cause harm to the environment or community.
  • The Board of Directors, management and all employees shall uphold themselves as honorable citizens and avoid any illicit activities, which may damage the reputation of the Company.
  • The Chief Executive Officer of the Company shall obtain prior approval for any External Directorship from the Nomination and Remuneration Committee.
  • All other Senior Management of the Company shall obtain prior approval for any External Directorship from the Managing Director or the Chief Executive Officer of the Company.