Ratchaburi Electricity Generating Holding PCL.
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Company’s inception in 2000. The Business Ethics
comprises three documents including the Codes of
Conduct, Executive Ethics and Employee Ethics. The
Company has regularly reviewed the Business Ethics
to address the constantly changing environment while
supporting the Company’s vision, mission and policy
as well as the Company’s sustainable growth. (The
three documents are published on the Company’s
website.)
6.3 Communications and Monitoring of
Performance to Ensure Full Compliance
with the Corporate Governance and
Business Ethics Policies
Every newDirector andemployeewill receive
ethics and policies as part of their orientation kit
which will be used as guideline and reference when
performing their duties. All employees and directors
have to sign on the document to increase awareness,
acknowledge their responsibility and reinforce their
commitment to respect the Company’s policies
and ethics. Good corporate governance policy has
been communicated by the Board of Directors and
the Management to all employees. The Company
also provides for communication channel to listen
to and collect employees’ problems, concerns and
recommendations for consideration, further action
planning and execution as well as ensures the
corporate governance practice implementation is in
line with the good corporate governance principle.
Various channels, including the Intranet, email system
that employees have easy access and internal
meetings, are provided to effectively communicate
and disseminate the Company’s policy and corporate
governance news to employees.
The Internal Audit Department, in addition
to regular meetings with all units, is responsible for
monitoring and following upwith the implementation
of corporate governance policy by preparing annual
audit plan and a quarterly review report as well as
making recommendation on solution and prevention
of possible damages.
The “Compliance Database” was prepared,
distributed to the Board of Directors and published
on the Company’s internal database which is easily
accessible for use by all employees. The database
comprises guidelines for important areas of practice
and operations of the Company as a listed company,
such as the disclosure of information connected
transaction, the acquisition or sell-off of assets. The
information is regularly updated.
The Board of Directors prepared the “Report
of Directors’ and Executives’ Interests” and instructed
the Directors and executives to report their and
related persons’ interests to the Company Secretary
for reference and record. The Company Secretary
shall make a copy and submit the report to the Board
Chairman and the Chairman of the Audit Committee,
according to the Securities and Exchange Act. The
report will be used when considering who shall
not have voting rights in the Board of Directors’ and
shareholders’ meetings.
6.4 Core Values
To achieve sustainable success andmaintain
leading position in themarket, the Company believes
that business ethics is a very important area, in
addition to operational commitment, technology
advancement,management excellenceandcorporate
governance. The Company, therefore, strongly values
ethical practice and integrity which also means not
involving in any direct or indirect fraudulent action
while maintaining the Company’s confidentiality,
benefits and assets; provides true and correct
information; and respects and complies with the
Company’s rules and regulations. The development
in this area started fromthe formulation andpreparing
in writing the Corporate Governance and Business
Ethics, which are used as guidelines for the Board
of Directors, the Management and employees. The
Core Values that support the Company’s expansion
under the changing business plan are
R
eliability,
A
ccountability,
T
rust,
C
hallenge and
H
appiness.
Throughout the year 2013, there is no event
or action that is against the Company’s Business Ethics
and Corporate Governance Policy.
