Anti Corruption Policy
Ratchathani Leasing Public Company Limited, or “the Company”, has realized that the corruption is terrible impact and obstacle to the social and economic development significantly. The corruption is the incorrect business practices, creates business unfairness, makes the Company bad reputation on business ethics, competitive capabilities, and be unacceptable, including lessening the confidence of its shareholders, investors, and all stakeholders toward the Company. Therefore, the Company adheres on business operation by not supporting any enterprises, group, or persons engaging on seeking undesirable benefit either directly or indirectly from misusing authority. With its clearly direction on cooperation and support the private and public sectors, the Company has defined the written anti-corruption policy by applying the guidelines of “The Private Sector Collective Action Coalition Against Corruption” for its obviously business conduct. Its directors, executives, and all employees must comply with such policy.
Disclosure of Prevention of Corruption Involvement
Ratchathani Leasing Public Company Limited, a member of Thanachart Group’s companies, has well realized that the corruption undermines to the social and obstructs to the social and economic development of the country, including making unfairness on business practices. The company has cooperation with the public and private sectors under the project of “Private Sector Collective Action Coalition Against Corruption: CAC)” by signing in the project’s pledge to present its intention to be the member of such project.
In 2014, the company has defined “the Anti-Corruption Policy” and criteria, process, and related procedures in order for all employees to comply with such policy. As a result, Ratchathani Leasing Public Company Limited and the companies of Thanachart Group, totally 11 companies, have been certified to be signatory member group of the Private Sector Collective Action Coalition Against Corruption Project from CAC Council.
The action on preventive action coalition on fraud and anti-corruption is the Anti-corruption Policy, which was approved by the Board of Directors of totally 11 companies of Thanachart Group. The definition of the word “corruption” and any forms of corruption are obviously defined. The significant matter is that the directors, executives, and employees must not demand, commit, or accept all types of the corruption, in both directly and indirectly forms, for the benefits of the organization, themselves, families, friends, and acquaintances by behaving as good model on complying with the Anti-Corruption Policy. The management of Thanachart Group is responsible on monitoring and supporting the implementation, including reviewing the appropriateness of measurements in compliance with the changes on business, regulations, and legal requirements.
The company had defined the anti-corruption to be a part of Core Values or C3SIP for all employees to implement as a guideline which having following significances:
Customer Focus: To respond the customers’ needs
Collaboration: To be teamwork
Commitment: Implementation to meet the goal achievement
Spirit: To dedicate on working
Integrity: To adhere on honesty and anti-corruption
Professional: To be knowledge and competence on operation
The risk evaluation of the company is applied the concept of Risk and Control Self-Assessment: RCSA to be a tool for operation risk management. The evaluation shall be reviewed annually; and the progress of action and implementation plans is also monitored at least once a year or whenever there are changes on risk factors effected on the operational procedures significantly in order to present to the Management Committee to acknowledge and such information will be used for risk management onward.
The anti-corruption criteria are defined for employees of the company to conduct under the internal control principles in compliance with the corruption risk and the anti-corruption policy. Such measurement is reviewed appropriately in accordance with the risks annually, including defining the penalties for employees involved in corruption.
The company pays more attention on all forms of corruptions, especially on the matters of “providing, accepting of gifts, bribery, entertainment, or other benefits”, which are greatly concerned by Thanachart Group. Since these shall lead to corruption easily;; the company has defined in the Code of Conduct, regulations covering procedures, practices and control, including the report to supervisors to acknowledge on the matters of the giving and accepting gifts. The violation or not complying with the anti-corruption criteria, as well as any actions supporting or cooperating on corruption, are offense and shall be punished according to the regulations.
To make the anti-corruption be effectively, the company has specified the regulations, process, suggestions on notifying and complaining regarding to the corruption particularly. The secured channels are defined for outsiders and employees within the company, who find a suspecting issue which will be corruption actions, to notify or complain. The information of whistleblower will be sent to the top management of internal audit, kept confidentially, and presented to the Audit Committee and reported to the Board of Directors, respectively. In addition, the company has policy to give fairness and protection to an employee denying on corruption even if such action shall make the organization loss its business opportunity.
- Providing the directors, executives, and all employees to sign and agree to seriously comply with the anti-corruption policy and measurements, including other related regulations.
- Communicating to employees to acknowledge and develop its personnel to have knowledge and understand on complying policies, measurements, and significant practices concerning to the anti-corruption through the channels and other media of the group, such as the message from the Managing Director to employees on the issue of anti-corruption, the training to the directors and top management on the topic of “Anti-Corruption for Executives”, the training to new employees, self-evaluation of the executives and all employees for every 6 month, etc.
an order to assess the implementation under the policy and measurement of anti-corruption, the Audit Committee shall review such conduct to ensure that the company has adequate internal audit and its conduct is compliance with the anti-corruption policy. Such evaluation is annual planned.
To have outsiders acknowledge the intention of Ratchathani Leasing Public Company Limited on its anti-corruption, the company has distributed its anti-corruption policy through its website.
The Channel for Whistleblower to Report
Those who see or suspect that corruption or corruption has been committed or have been affected by anti-corruption. Can report clues Or complaints by any of the following channels:
- Website: www.ratchthani.com at The Channel for Whistleblower to Report page (Submit with Subject: Corruption Report)
- Direct notice managing director
- Direct notice Top management of the inspection agency.
- Inform supervisor The case is related to top management. Or director To report directly to Chairman of the Audit Committee