Policy on Anti-Corruption
Supalai Public Company Limited operates it business by applying the strategy of fair and transparent business competition and focusing significantly on good quality products while strictly complying with applicable laws. The Company is, therefore, committed to fight against corruption and dishonest acts and will not be tolerant of any form of corruption. It has also required that all levels of employees, directors, executives, supervisors of the Company and its subsidiaries, associated company as well as those related business in all operation area to observe and comply with the anti-corruption policies.
The Company has communicated and carried out public relations to create understanding among people involved with the company of the fact that they must not demand, accept or agree to accept any money or any other benefits from the people having business relations with the Company. In addition, they shall not act or do any act qualified as such and shall not demand, operate or agree to accept bribe for the benefit of the Company, for personal gains or for the gains of the family, friends and acquaintances. In case the directors, executives, supervisors, and employees do not comply with this policy, they shall be subject to disciplinary action and penalty. The disciplinary action and penalty measures shall depend on the fact and circumstances. Meanwhile, the Company has no policy to degrade the position, punish or give negative effects on employees who refuse corruption although such action might cause the Company a loss of business opportunities.
In addition, the Company has assessed the risk of corruption potential in each process regularly as well as trying to find appropriate solutions by establishing channels for reporting on clues or lodging complaints to the independent directors of the Company in case of finding circumstances or acts indicating dishonest acts or misconduct of individuals. The above-mentioned policy has been approved by the resolution of the Board of Directors’ Meeting No. 10/2015 on 13 October 2015.