Anti-Fraud and Anti-Corruption Policy

Definition

Fraud or Corruption refers to any act of commission or omission in the performance of official duties, or the abuse of power and authority in any form, such as giving or receiving bribes, offering or promising to offer, soliciting or demanding whether in the form of assets, money, goods, rights, or other benefits. These actions are contrary to mortality, ethics, laws, regulations, and policies, of government officials or any individuals conducting business with the Company, either domestically or internationally, in order to obtain undue benefits for the organization, oneself, or related parties.

Action Guidelines

All personnel at every level of the company must comply with the established guidelines, as follows:

  1. Comply with the Company’s anti-corruption and anti-bribery policy, business code of conduct, as well as all rules and regulations. Employees must not be involved in any form of corruption, either directly or indirectly.
  2. Refrain from any actions that may imply an intention to engage in corruption or bribery, whether directly or indirectly, with any stakeholders related to the Company in matters under their responsibility, for the purpose of gaining benefits for the organization, oneself, or related parties.
  3. Do not ignore or overlook any actions that may constitute corruption related to the Company. It is a duty to report such actions to a supervisor or responsible person and to fully cooperate in the investigation of the facts.
  4. In any operation that may pose a risk of corruption, all personnel at every level of the Company must act with particular caution in the following matters:
  • A. Giving or receiving gifts, gratuities, entertainment, and other related expenses must comply with the good practices outlined in the Company’s Corporate Governance and Business Code of Conduct Handbook, including the Anti-Corruption and Anti-Bribery Policy of the Company.
  •  B. Charitable donations must be made in the name of the Company to organizations with objectives that serves the public interest. Such organizations must be credible, certified, and legally recognized. All donations must be carried out transparently, in accordance with the Company’s established procedures and legal requirements. Additionally, follow-up auditing processes must be conducted to ensure that the donated funds are not used as a pretext for bribery.
  • C. Financial support, whether in the form of money, goods, or assets, provided to any activity or project must clearly identify the Company as the sponsor. Such support must aim to promote the Company’s business and positive image. All sponsorships must be conducted transparently, in compliance with the Company’s established procedures, and in accordance with the law.
  • D. Business relationships and procurement activities with the government or private sectors, including interactions with public officials, private entities, or any individuals involved in the Company’s business operations, whether domestic or international, must be conducted with transparency, integrity, and fully compliance with all applicable laws and regulations.
  • E. The Company maintains a policy of political neutrality. All personnel are entitled to political rights and freedoms as provided by law. However, they must be mindful not to engage in or support any political activities or use any of the Company’s resources for political purposes. Such actions could compromise the Company’s neutrality or cause reputational or other damage due to political involvement or support.

Implementation Measures/Guidelines

  1. The Company shall support and encourage all levels of personnel to recognize the importance of and foster a strong awareness in combating corruption. In addition, the Company shall implement internal control to prevent all forms of corruption and bribery.
  2. This Anti-Corruption Action Guideline extends to all aspects of human resource management, including recruitment and selection, promotion, training, performance evaluation, and employee compensation. All levels of supervisors are responsible for communicating and ensuring understanding of this guideline among their subordinates, applying it in their respective business activities, and overseeing its effective implementation in alignment with this practice.
  3. The Company shall fairly treat and protect employees or any other individuals who report clues or provide evidence related to corruption involving the Company, including employees who refuse to engage in such acts. The Whistleblower Protection Act will be implemented for whistleblowers and those who cooperate in reporting corruption.
  4. Any individual who commits an act of corruption shall be deemed to have violated the Company’s regulation regarding the human resource management for employees. Such an act is subject to disciplinary action as specified in the Company’s Code of Conduct and may also be subject to legal penalties if the action constitutes a violation of the law.
  5. The Company shall regularly conduct its due diligence to review its practices and operational measures to ensure alignment with changes in laws and the business environment.
Scroll to Top