Policy for Treatment of Insider Information
The Board of Directors has overseen the Company by the policies of information disclosure, management of confidential information to prevent data leakage, protection of confidential information and market sensitive information. There were the policies and procedures to prevent the Directors, the Executives or the connected person from using insider’s information for personal benefits.
Guidelines
- Determine the policies to prevent any Directors, Executives, including Employees who have been working in related departments, to use insider’s information for the benefit of themselves or others which were considered to exploit other shareholders. Therefore, all the Directors and Executives should disclose their interest information or the company's securities holding, in which have changed during the 1 month before the disclosure of financial statements to the public, both their own and those connected to the Board. The securities holding reports should be in accordance with the law and regulations and submit such reports to the Board regularly or notified to the Company Secretary to submit such report, as well as disclose information to the public in the annual report.
- The Company shall provide the directors and management (including spouse and children, not yet become legal age) with knowledges and understanding about reporting of their securities holding and changes in securities holding in the Company to the SEC according to Section 59 of the Securities and Exchange Act B.E. 2535, whereby they must also provide such report to the Company Secretary for further notification to concerned parties. They must also be informed of punishment clauses according to Section 275 of the SEC Act for any violation or non-compliance with the said regulation.
- Determine the policies for the Company’s New Directors or Executives including those involved shall report their holdings of the Company's securities within 30 working days after being appointed. Such information shall be submitted to the Company Secretary and reported to the SEC in accordance with the SEC Act, as well as being reported quarterly to the Board of Director for acknowledgement.
- The Company had a policy and measures to oversee/control the usage of information technology and internal information in the availability of information regularly, provided the access to information in the order of employees’ duty and position. In addition, there was a system to prevent damage of information technology which might be utilized dishonesty, or changing information without permission, or taking advantage of confidential information that might affect the price of securities, or to prevent personal exploitation and those involved
- Employees at all levels shall maintain confidentiality and information of the Customers, the Company or those related to the Company, with no pursuit of the Company's business benefits towards oneself and connected persons.
- It is stated in the employment contract, working principles and employee best practices towards the Company and also is deemed to be employees’ business ethics, that employees shall strictly protect confidential information and shall not, due to their position in the Company, seek to benefit themselves or their related parties by unethically using or publicly disclosing the Company’s information or news which is confidential and has not yet been released to the public, or to cause a decrease in the Company’s benefits, or take any actions that create conflicts of interest.
- The Company will punish, according to its regulations, the maximum penalty on any member of the Management, employees or related parties found to have unethically used insider’s information or behaved in such a way that could cause damage to the Company