Code of Business Ethics and Best PracticesCode of Business Ethics and Best Practices

Definitions and Meanings

“Code of Ethics” means a code of conduct defined, whether in writing or not, by professionals in each field in order to maintain and promote the prestige, reputation and status of members of each profession.
Therefore, the Code of Business Ethics of CH. Karnchang Public Company Limited (the “Company”) is the code of framework and standard for conduct and behavior which all personnel of the Company, including the Board of Directors, the Management and staff at all levels in every work unit, are supposed to uphold in engaging in the business and performing their works to ensure that the works are performed in the same direction by adhering to the principles of ethics, morality, integrity, and to strive for the orderliness, equality, equitable treatment which would lay the foundations and maintain the image of the Company so that it will become the organization with the sustainable growth.
“Staff” means a permanent staff under an employment contract, a probationary staff, and a staff under a special employment contract.
“Related person” means a person who has any of the following relationships:
  1. A person who have power to control over the Company’s business, and in case of a legal entity, including directors of such legal entity;
  2. The spouse, a minor child or an adopted minor child of the director, the executive or the person under (1);
  3. The legal entity over which the person under (1) or (2) has power to control;
  4. Any other persons as prescribed and announced by the Capital Market Supervisory Board.
“Stakeholder” means a shareholder, staff, customer, counterparty/creditor, government, private sector, society, community, and environment.
“Information disclosure” means an act of disclosing details, information relating to the Company’s business activities in accordance with the Public Limited Companies Act B.E. 2535 (1992), the Securities and Exchange Act, rules, regulations, requirements of the Stock Exchange of Thailand and the Office of the Securities and Exchange Commission.
“Conflict of interest” means any activities which may be for personal gains or for gains of any related persons, whether by blood or otherwise, which influence a decision or may prevent or obstruct the Company’s optimal benefit.
“Corruption” means an abuse of the gained power or a misuse of the acquired asset to obtain benefits for the Company, for oneself, or for related persons, or which causes damage to benefits of third parties. Corruption takes varied forms including a bribe, valuable item, any other items or benefits, a conflict of interest between a private entity and a state agency and between persons or businesses in a private entity.
“Bribery” means an act of offering, promising or granting, as well as soliciting or receiving benefit related to a valuable item, directly or indirectly, with an intend to acquire a business or protect any other benefits which are undue under the code of business ethics.
“Items or any other benefits” means money, assets or any other benefits given to each other as a gesture of hospitality, rewards or incentives, provision of special privileges, as well as defraying expenses for travelling or touring, accommodation, meal, or any other things of similar nature, and whether it would be given in a form of card, ticket or any other evidence.
“Tradition” means a festival, important day or activity which has been practiced traditionally, which is unique and critical to the society.
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