Business of Ethics
The Company had prepared guidelines for business ethics to be adhered to by the Directors, Executive Committee, and Employees, in carrying on their missions with honestly, good faith, and equity upon the entire group of employees, clients, partners, creditors, affiliates and stakeholders including the general public and society. Details on the Principle of Business Ethics are as follows:
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Integrity : which is an act to perform duties righteously with adherence to the principle of good morals.
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Law Abiding : which is an act to abide by laws, rules, and requirements in connection with all business transactions.
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Commitment to Excellence : which is a commitment to perform duties in excellence, increase knowledge, be actively prepared, and be enthusiastic in order to better your performance in the areas of your responsibility.
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Reputation and Morale : which is an act to build up a good Reputation and Morale of the Company, This is created by not performing any acts which may lead to the destruction of such inter-relationship. The goal is to perform acts that are necessary to solve problems or prevent any acts of improper conducts of others.
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Accountability : which is the responsibility to fulfill its obligations by taking into consideration the principle of ethics in making decisions.
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Transparency : Business transactions shall be accompanied by adequate disclosure of information in accordance with the laws, rules, and regulations of all related organizations connected with the control and supervision of any and all business transactions.
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Equitable Treatment : Treatment rendered to interested persons whether they are employees, shareholders, trading partners, creditors and debtors, etc., shall be in a manner of justice and equity. There shall be the disclosure to related persons appropriately.
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Responsibilities to Environment : In performing duties, there shall be responsibility to the environment. The principle, rules, and regulations relating to the conservation of environment, community, and society, shall be complied with.
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Safety and Occupational Health : Proceeding in accordance with the laws and various related regulations so that industrial standards in connection with work safety including occupational health of the employees can be complied with.
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Avoiding Conflict of Interest : By establishing various controlling mechanisms, it will ensure that Directors and Executives shall carefully and honestly perform their duties. It will also ensure the preservation of the Company’s interests, and to provide a proper structure and balance of the Board of Directors, which will assist in minimizing conflict’s of interest between the Company and the directors.
In addition, the Company has prepared the Rules of Practice towards interested persons of the Company. The Company has announced and informed the Principle of Business Ethics and Rules of Best Practice towards the company’s stakeholders, the Board of Directors, Executives, and Employees. The Company informed through the Board of Directors Meeting, Annual Employee Meeting, and the intranet, to enable use of these guidelines for strict observance in performing their duties. Therefore, they all shall better perform in order to better achieve good corporate governance.
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