Business Ethics and Anti-corruption

Risk

Any actions against moral principles, violation of business ethics, failure to comply with laws and regulations, or corruption will have a direct impact on stakeholders’ confidence as well as the Company’s reputation and image. Furthermore, such acts could impede the Company’s sustainable growth and the development of the country.

Opportunity

The Company's stability and sustainability can be ensured by operating a business with transparency, ethics, and moral values, considering the impact on all stakeholders, which will gain support from those affected and attract talented individuals, investors, or businesses that share the same values.

Management Approach

The Company is dedicated to conducting its business operations with integrity and responsibility toward its stakeholders. It strongly emphasizes transparency, integrity, and compliance with laws and regulations, alongside adherence to the principles of good corporate governance and the business code of ethics. These guidelines define the scope and standards of behavior that all employees, including the Board of Directors and executives, must follow to align with ethical values.

All executives and employees are obligated to adhere to the Company’s Code of Ethics policy and manual to instill values of morality and accountability in the organizational culture. It is important for each executive and employee to behave with civility and consciousness, to consider the benefits and impacts of their actions on the Company’s stakeholders impartially and fairly, to conduct business with responsibility, and to establish a robust work system that prevents corruption through an internal audit system.

The Company has announced policies and guidelines that are more suitable for the current business environment. These policies comply with generally accepted criteria and regulations, promoting and supporting ethical business operations. Additionally, the Company has published its manuals for Good Corporate Governance and a Code of Ethics, along with other policies, on its website and intranet. This enables all members of the organization, including the Board of Directors, executives, and employees of the Company and its subsidiaries, to access and use them as guidelines for operations.

Performance

The Company is committed to promoting knowledge and understanding of business ethics and anti-corruption policies and guidelines among its employees and suppliers through various activities and communication channels. The operating performance in 2023 is as follows:

1. The Company has developed and announced the Supplier Code of Conduct for its business partners since 2019

In 2023, the Company increased awareness of the Supplier Code of Conduct among its partners to promote business practices aligned with AMATA's business ethics for sustainable development. The Supplier Code of Conduct was emailed to 63 existing critical suppliers and 52 new suppliers, totaling 115 suppliers. all of them acknowledged receipts, representing 17.58% of the total number of suppliers.

2. The Company has communicated the "No Gift" policy and guideline

for accepting and giving gifts during festivals and other occasions to its executives, employees, subsidiaries, and external parties to ensure widespread awareness. This initiative aims to ensure that executives and employees behave correctly in accepting and giving gifts, thereby avoiding conflicts of interest and establishing norms for conducting business fairly and transparently with all relevant parties.

3. The Company organized a training course on good corporate governance and anti-corruption

for 46 new employees to ensure that they had a correct understanding of business ethics, policies, measures, and procedures.

4. The Company requires all employees to take an annual test to assess their understanding of good corporate governance and business ethics

with a passing score of over 80%. In 2023, 100% of employees completed an online test, and all of them scored above 80%.

5. The Company has renewed its membership certification

with the Thai Private Sector Collective Action Against Corruption (CAC Certification) since 30 September 2023 (valid until 30 September 2026).

6. The Company has invited its suppliers to participate in the "Thai Private Sector Collective Action against Corruption" (CAC Change Agent) project.

In 2023, the Company sent invitation letters to 85 suppliers in order to promote them to join the CAC Change Agent project and received acknowledgment responses from 45 suppliers, which accounts for 52.94%. Additionally, invitations were extended through Town Hall Meeting held on May 24, 2023, with a total of 64 suppliers attending.

Monitoring and Auditing Business Ethics Compliance

The Company has established a Whistleblowing Policy and safe communication channels that allow employees and stakeholders to report any signs, advice, grievances, or complaints related to misconduct violating laws, rules, regulations, corporate governance principles, code of ethics, or anti-corruption policy. Measures are in place to protect the rights of these individuals. The information provided by whistleblowers will be kept confidential and accessible only to those responsible for investigating the complaints. All complaints will be processed according to the procedures stipulated in the Good Corporate Governance Manual.

Channels to Receive Complaints and Clues

Mr. Anucha Sihanatkathakul
Chairman of the Audit Committee
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This email address is being protected from spambots. You need JavaScript enabled to view it.

AMATA Corporation Public Company Limited

2126 Kromadit Building, New Petchburi Road, Huaykwang, Bangkok 10310 Thailand

P.O. Box no.7 Monterey Tower  
Bangkapi, Huai Khwang, Bangkok 10323 Thailand

 +66 (02) 792 0004

Mr. Vikrom Kromadit
Chairman & Acting CEO
This email address is being protected from spambots. You need JavaScript enabled to view it.
This email address is being protected from spambots. You need JavaScript enabled to view it.

AMATA Corporation Public Company Limited

2126 Kromadit Building, New Petchburi Road, Huaykwang, Bangkok 10310 Thailand

P.O. Box no.7 Monterey Tower  
Bangkapi, Huai Khwang, Bangkok 10323 Thailand

 +66 (02) 792 0004

Mr. Manachai Kaoprapan
Head of Company Secretary and Legal
This email address is being protected from spambots. You need JavaScript enabled to view it.

AMATA Corporation Public Company Limited

2126 Kromadit Building, New Petchburi Road, Huaykwang, Bangkok 10310 Thailand

P.O. Box no.7 Monterey Tower  
Bangkapi, Huai Khwang, Bangkok 10323 Thailand

 +66 (02) 792 0004

Process of Complaint and Clues Management

1.

Screen facts
and investigate according to Whistleblowing Policy by authorized person.

2.

Proceed further
on a case by case basis, by the executives authorized as investigation committee should any wrongdoing be found.

3.

Provide appropriate remedy

to the affected parties and establish corrective measures to prevent future incidents.

4.

Report the summary of complaints and clues management and results

in every Corporate Governance Committee meeting and to the Board of Directors at least once a year as well as disclosing the information in the annual sustainability report. 


In 2023, the Company received several significant whistleblower notifications and complaints concerning corporate governance issues, primarily focusing on corruption risks due to deficiencies in the oversight system and employee behaviors that enable corruption. A total of four complaints were reported directly to the Chief Executive Officer and are currently being investigated in accordance with the Company's whistleblowing policy. These investigations are expected to conclude by the first quarter of 2024.

Regarding complaints about trade competition in 2023, the Company has not received any complaints regarding unfair competition or disputes with competitors.

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Contact us for more details.

Thailand
+66 38 939 007
Vietnam

+84 251 3991 007 (South)
+84 203 3567 007 (North)

Myanmar
+95 1 230 5627
Laos

+85 620 5758 0007

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