Section 8: Code of Conduct for directors, Executives and Staff Members

Code of Conduct for directors and executives

1) Enhancement of the organizations effectiveness and efficiency
Being responsible in outlining vision, mission, common value,
objectives, policies, and strategies with the aim to increase long-term
value to the companys stakeholders. Being responsible in
administration and management of risk that may produce impacts to
objectives/targets in a suitable system and format under the
generally accepted working methods.
2) Good Corporate Governance
Enhancing business operations with fairness and ethics under
international standard, creating good and appropriate relationships
with all parties with common interest, creating reliability and
credibility for concerned persons in the society and at the national
level, supervising compliance to laws and regulations of the
companys operations. Undertaking disclosure of accurate, definitive
and timely information to enhance transparency.
3) Adherence to virtue and ethics
Managing in adhering to virtue and ethics, creating virtue and ethics
in all levels of organization, supervising and managing conflict of
interest that may occur in the organization.
4) Functional responsibility
Performing duties with honesty and integrity, making decision with
equitable treatment to majority and retailed shareholders for the
maximum benefit of all shareholders.
5) Protection of the companys assets
Inspecting utilization of the companys assets to be economical and
efficient and avoiding any damage and loss, or utilization for
purposes other than for the companys interest.
6) Follow-up and evaluation
Receiving and granting approval to strategies and policies including
objectives, financial targets and work plans, ensuring that the
management follows the set-up work plans and regularly evaluating
operational outcomes of executives.

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Code of Conduct for staff members
1) Functional responsibility
Employees should conduct their duties with honesty, integrity, and
careful attention to activities that would enhance quality, efficiency
and organizational development towards high standard of best
practices. They should not make any accusation on any executives
or other employees without truth.
2) Compliance to relevant laws and regulations
Employees should perform their duties in compliance with relevant laws,
rules and regulations and principles. They should not provide
assistance, support or be used for avoidance of laws and regulations.
3) Formulation of financial reports and statements
Accounting recording and formulation of financial reports and
statements should reflect actual items under the generally accepted
accounting standard. Information disclosure is accurate, definitive
and timely for inspection by concerned persons.
4) Acceptance of benefits from those doing businesses with the company
Employees should not request for, receive or accept to receive money
or other benefits from the companys customers, trading partners,
contractors, dealers, suppliers of goods and services or any other persons
doing businesses with the company or make special acquaintance
with one particular trading partners that may lead to misunderstanding
of unfairness, which would destroy the companys image.
5) Protection of confidential information
Employees should not disclose information, documents, technology,
technical knowledge, rights, copyrights, patents and innovations that
are deemed confidential to outside persons, whether with or without
intention. Such act may lead to damage in business competitiveness
as well as on the companys image and reputation.
6) Protection of companys assets
Employees are responsible to use companys assets in an
economical and efficient way and avoid any damage and loss.
Employees must not use companys assets for purposes other than
companys benefits.

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7) Entertainment and gifts
Employees should not accept gifts, gratuities, entertainment nor
should they entertain in an excessive manner the companys
customers, trading partners, contractors, suppliers of goods and
services or the government officers. In case those employees are
offered valuable gifts, they should report to their superiors.
8) Conflict of business interest
Employees should refrain from the incidents that create possible
conflict between personal interests and company interests.
8.1 Competition with the company
Employees should not run or invest in businesses that compete
or may compete with the companys businesses.
8.2 Seeking benefits for ones own business
All employees should disclose information about their own
businesses, those of their family, relations or patronized persons
that may lead to conflict of interest, for example:
8.2.1 joint investment or interest with the companys trading
partners;
8.2.2 being engaged in a position, including advisor, in the
companys trading partners or customers;
8.2.3 trading of goods and services directly through the
company or affiliated companies or through other persons.
8.3 Utilization of companys information for personal benefits
Employees should seek benefits for their own or others by using
confidential information of the company or its affiliated, for
example work plans, incomes, resolutions, business projection,
outcomes of experimentation, bidding information, whether
creating damages to the company or not.
9) Protection of companys reputation
Employees should avoid any act that may affect companys
reputation or inflict problems to the company. Employees should
protect their honor to be accepted by the society.

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