Code of Business Conduct
Thai Nondestructive Testing Public Company Limited adheres to operate the business in compliance with professional ethics, principles of good corporate governance, integrated with the philosophy of sufficiency economy, in order for the operations to be transparent, efficient, safety and responsibility to all groups of stakeholders. These are to attain confidence in the Company's business operations and to lead to sustainable business development.
The Board of Directors has set the "Code of Business Conduct" for the directors, executives, employees, and related parties to adhere to as a guideline in performing their duties. The guidelines and regulations would be reviewed consistently to be in line with the changes of business, regulations or article of association. In the year 2020, there has been improvement and disseminated for all relevant parties to acknowledge, understand, and emphasize to adhere as a guideline for implementation for further sustainable growth.
Corporate Ethics Compliance
For the operations with quality, safety, and highest efficiency, together with integrity, equality and responsibility to stakeholders, such as shareholders, investors, customers, partners, employees and other related stakeholders, including community, society and environment etc., the Board of Directors has determined the Corporate Ethics and set up the Code of Business Conduct to be guidelines in business operation and to prevent corruption that may incur. These will lead to a good image of the organization; all stakeholders have confidence in the business operations. and the business development sustains even more.
Guidelines for the Company Operations
- The Company commits to develop/change the organization to keep pace with the era, or external factors which may change for further stability and sustainability.
- The Company shall operate in accordance with the international standards, the laws related to the Company operations, the rules and regulation of the Stock Exchange of Thailand and other laws related to the company businesses.
- The Company is confident that Good business practices within integrity, morality, and ethics are the policy which results in sustainability development.
- The Company shall respect and adhere to local traditions.
- The Company shall operate its business with honesty. This includes the financial policy, budget outline, and evaluation of investment in various projects with rigorous and transparent.
- The Company aims to provide all directors and employees of the Company to adhere to company policies, accounting procedures, and other controlling procedures. Thus, the employees should report to the management team immediately in case of any doubt that may be a violation of corporate ethics or causes the offense or the damage to the reputation of the Company.
- In case of any significant suspicion, the audit committee should report to the Board of Directors immediately to detect the cause and make corrections, including the prevention of reoccurrence.
Therefore, the Company's Business Operations should realize and adhere to the Code of Conduct as a guideline to practice regularly, covering the following issues:
- The Equitably and Fairly Practices to all Stakeholders
1.1 Practice to Shareholders
1.2 Practice to Customers
1.3 Practice to Product Owners, Suppliers or Distributors
1.4 Practice to Trading Partners
1.5 Practice to Competitors
1.6 Practice to Creditors
1.7 Practice to Employees
1.8 Practice of Employees and Practice to Other Employees
1.9 Practice to Contractors
1.10 Practice to Government Offices
1.11 Respect for Human Rights and Fair Labor Practice
1.12 Practice to Communities, Society, Environment and Resources - Conflict of Interests.
- Trading the Company Securities and Insider’s Information Prevention.
- Information Technology System / Intellectual Properties.
- Gifts, Gratuities, Entertainments, Donations and Other Benefits.
- Safety, Health and Environment in Workplace.
- Responsibility to the Company's Assets.
- Internal Audit & Control System, and Financial Report.
- Protection for the Company’s best interest.
- Confidentiality of the Company.
- Anti-Corruption.
- Political Activity.
- Whistle-blowings / Complaints / Comment or Suggestion.
- Monitoring the Compliances and Punishment.