EGCO Group encourages its directors, executives, and staff to take part in the initiatives and responsibilities of EGCO Group’s obligations by complying with code of business ethics.
Such business ethics include code of conduct for executives and employees regarding corruption and bribery, discrimination, confidentiality of information, data protection and cyber security, protection of intellectual property, conflicts of interest and related transactions, antitrust/anti-competitive practices, money-laundering and/or insider trading/dealing, human rights, occupational health and safety, environment, and whistleblowing which are in compliance with relevant regulations and EGCO Group’s orders and policies to ensure that its business operation does not violate any regulations or requirements of government agencies and complies with international business operational standards.
EGCO Group has established Anti-corruption and Bribery Policy and Measures Manual to ensure that any business operations susceptible to violation are carefully undertaken. It focuses on preventing and counteracting all bribery and corruption activities, both directly and indirectly. EGCO Group expresses its determination not to take part in any bribery and corruption of government and private agencies to achieve any wrongful benefits.
EGCO is committed to conducting independent third-party assessment of its code of conduct every 3 years. In 2022, EGCO engage independent third party to conduct audit of its compliance system to assess the conformity of EGCO’s Code of Conduct to best practices established by the local regulators and the international standards. This includes Good Corporate Governance Guideline on the Codes of Conduct B.E.2564 by the Stock Exchange of Thailand (SET), ASEAN Corporate Governance Scorecard (ACGS) 2017, and OECD Principles of Corporate Governance 2015 (OECD: The Organization for Economic Co-operation and Development). The audit also assesses the effectiveness of communication and compliance with EGCO’s Code of Conduct, which provides guidelines for conducting business ethically and responsibly to all stakeholders.