Thai Rubber Latex Group Public Company Limited is committed to sustainable business growth under good corporate governance, effective risk management, and social and environmental responsibility. This is in line with the principles of corporate governance for listed companies as announced by the Securities and Exchange Commission.
The Company has established this Business Code of Conduct and Best Practices as guidelines for directors, executives, and employees at all levels to perform their duties with honesty, integrity, transparency, and ethical conduct. Additionally, the Company has adopted AI to enhance text composition, improve work efficiency, and strengthen data management, ensuring accuracy, transparency, and the highest standards in its operations.
Code of Conduct
1. Anti-fraud and corruption
2. Conflict of interest prevention
3. Prevention of the use of inside information for personal gain
4. Information disclosure
5. Information security
6. Business confidentiality and intellectual property protection
7. Whistleblowing and whistleblower protection
8. Supervision of subsidiaries and associates
9. Anti-money laundering
10. Compliance with laws, regulations, and rules
11. Offering and accepting bribes, receiving money, gifts, business entertainment, or other benefits from business partners
12. Key business sustainability issues
13. Use and protection of information and assets
14. Combating unfair competition
15. Environmental management
16. Human rights
17. Occupational safety and health
18. Political rights and other activities
19. Guidelines and operational measures related to shareholders
20. Guidelines and operational measures related to government agencies or the public sector
21. Guidelines and operational measures related to employees
22. Guidelines and operational measures related to business partners
23. Guidelines and operational measures related to customers
24. Guidelines and operational measures related to creditors
25. Guidelines and operational measures related to competitors
26. Guidelines and operational measures related to communities, society, and the environment
27. Guidelines and operational measures related to company directors and executives
Interpretation of Doubts
Supervisors are responsible for advising their subordinates to ensure their understanding and compliance with the established Code of Conduct. In cases not covered by the Code of Conduct, or if there are any doubts or uncertainties regarding actions or decisions, consult with higher-level supervisors accordingly. In the event of a conflict, the decision of the Managing Director, President, or the Board of Directors shall be final
Overseeing Compliance with the Business Code of Conduct
The Company designates it as the duty and responsibility of all directors, executives, and employees to acknowledge, understand, and strictly comply with the policies and practices stipulated in this Code of Conduct, and they cannot claim ignorance of these established guidelines. All levels of management in the Company must be responsible for and consider it important to ensure that all employees under their supervision are aware of, understand, and strictly adhere to this Code of Ethics in order to achieve business goals while upholding business ethics for the benefit of shareholders, stakeholders, the Company, and society.
The Company does not condone any actions that are illegal or contrary to good ethical principles. If any director, executive, or employee violates the stipulated Code of Conduct, they will be subject to disciplinary action as determined by the Company. If the action is deemed to be a violation of laws, regulations, rules, or government regulations, the Company will promptly report the matter to the relevant government authorities without delay.
The Board of Directors and the Audit Committee require an annual review of the Code of Business Conduct. Issues arising from whistleblowing, complaints, or risk assessments are used as topics for review to prevent recurrence or potential problems in the future.
Penalties
Individuals who engage in fraud and corruption will be subject to disciplinary action in accordance with the Company's regulations. If such acts are illegal, they will also be prosecuted under the law. The Company has established the following penalties for those who violate the Code of Business Conduct:
- Verbal warning and recording
- Written warning.
- Suspension without pay for a period not exceeding 30 days, along with a written warning.
- Termination without severance pay.
The Company will consider penalties based on the severity of the offense committed, taking into account the history, conduct, and intent of the offender. The Company may impose penalties under one or more of the following clauses at the same time without having to follow the order mentioned:
Dissemination of the Code of Business Conduct
Dissemination
- The Company communicates and disseminates the Code of Business Ethics to all employees in the organization. Employees are required to acknowledge receipt of the Code in writing. The Company also provides training on the Code of Business Ethics.
- Post the Business Code of Conduct on notice boards in prominent locations where it is accessible to all personnel
- The Code of Business Ethics is disseminated through various communication channels of the Company, such as circulars, bulletin board postings, intranet, company website, and annual disclosure reports
- The Company will regularly review and update its Business Code of Conduct to ensure that its guidelines are up-to-date, ethical, and meet recognized standards.
