Page 273 - CRC_One Report 2021_EN

Business Overview and Performance Corporate Governance Financial Statements Enclosure

(4) Directors, executives and employees should abstain Supervision and Governance of Subsidiaries
from holding significant securities of the same and Associates

and competing business with the Company
or its subsidiaries that may interfere or affect Please see the information in 8.1.3
their appropriate performance of duties. In case
such securities are obtained prior to taking up 6.2 Code of Business Ethics
position at the Company or prior to the Company
or its subsidiaries entering into such business, Central Retail Corporation Public Company Limited (CRC)
or such securities are obtained by inheritance, sets the following code of business ethics for directors,
they must report to the Internal Audit Department executives and employees, who are its representatives,
or their supervisors (as the case may be). to adhere to in performing duties. Detail are as follow;

Anti-Corruption Policy Shareholders

The Company recognizes the importance of CRC will conduct the business based on corporate
anti-corruption and intends to operate business with governance, transparency and effectiveness, aiming to
good morals and under good corporate governance achieve good operating results and stable growth
framework as well as adhere to the Code of Business for CRC’s sustainable and stable financial position,
Ethics. Meanwhile, the Company takes responsibility to maximally benefiting its shareholders in the long term.
the society, environment, and all stakeholders by arranging It will also disclose the information transparently and
for the written Anti-Corruption Policy and defining trustworthily to the shareholders on its website and
Anti-Corruption Action Measures, appropriate through investor relations officers.
responsibility, scope and guidelines, whistleblowing
or complaints regarding corruption including Employees
disseminating the Anti-Corruption Policy. To prevent
all types of corruption in all the Company’s activities CRC equally and fairly treats its employees, respects
and serve the Company’s decision and business the rights of every employee and gives appropriate
operation involving with the risk of corruption, have been compensation, welfare and benefits not less than
thoroughly considered, conducted and covered the legal requirement and comparable to other companies
regarding the corruption, Charity, Donation for in the same industry. Furthermore, CRC focuses on
Public Interest, Political Contribution, Sponsorships, the development of skills, knowledge, capabilities and
Facilitation Payment, Revolving Door, Conflict of Interest, potential of employees on a regular basis. For instance,
Providing Gifts or Service, Entertainment and Hospitality. CRC widely arranges trainings and seminars for employees
For more information, please see Enclosure no. 5 and retains high caliber with CRC. CRC also sets
the anti-corruption guideline and fosters all staff to
Corporate Social Responsibilities Policy comply with the laws and related regulations.

The company is determined to operate its business with Suppliers
fairness along with creating a balance of economy, society,
and environment for the best interests of shareholders, CRC establishes its own procedure for business partner
customers, employees, society, communities, and all selection by having the partners compete with equal
stakeholders. The company, therefore, has a social information and selecting the partner fairly according to
responsibility policy covering various matters related to its business partner evaluation and selection principles.
society, such as, anti-corruption, respect for human rights, Also, CRC uses the proper form of agreement to offer
fair treatment of labor, customer responsibility, fairness to all suppliers and ensures that all conditions
environmental protection, community development, of the agreement are met, and the corruption and
as well as innovation. The policy is a tool for business misconduct are prevented in every selection process.
operations and creating sustainable value for the business. CRC strictly adhere to all terms of any agreement and
For more information, please see Enclosure no. 5 keep the suppliers’ information confidential without using
such information for inappropriate benefit.

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