Thai Eastern Bio Power Public Company Limited (the "Company") recognizes the importance of conducting business in accordance with good corporate governance principles for the best interests of the Company and its stakeholders. The Company has therefore established this Anti-Corruption Policy and Whistleblowing and Complaints Policy as guidelines for all personnel and stakeholders.
The Board of Directors has adopted these policies to demonstrate the Company's commitment to combating corruption and to establish clear procedures for reporting concerns and submitting complaints. This ensures that such matters are handled effectively, appropriately and fairly for all parties.
The Company has established a clear Anti-Corruption Policy, which all directors, executives and employees are required to strictly observe.
Directors, executives and employees shall not directly or indirectly solicit, commit or accept any form of corruption. Prohibited conduct includes giving, offering, receiving and/or soliciting any benefit to induce unlawful conduct, violations of the Company's Corporate Governance Policy, breaches of trust, or any other corrupt or improper act, whether for personal benefit, the Company's benefit and/or the benefit of any other person.
Directors, executives and employees shall comply with the Anti-Corruption Policy, the Whistleblowing and Complaints Policy, any additional guidelines or measures established by the Company, and all applicable anti-corruption laws. Violations may result in disciplinary action and legal proceedings, as applicable.
Directors, executives and employees are responsible for preventing corruption. Any suspected or actual corrupt conduct shall be reported immediately to a supervisor or through the Company's designated whistleblowing channels. All personnel shall cooperate fully with any investigation.
Sponsorships to external organisations, charitable donations, gifts and hospitality exceeding customary business practices shall be subject to close review and direct management approval. Such transactions must be transparent, lawful and free from any actual or potential risk of corruption.
The Audit and Corporate Governance Committee shall oversee compliance with the Anti-Corruption Policy and related measures and regularly report the results to the Board of Directors. Anti-corruption reviews shall form part of the Company's internal control system and internal audit activities.
Management shall develop human resource management systems and foster values and a corporate culture that oppose corruption. The Company shall communicate and provide training to ensure that all personnel understand the Anti-Corruption Policy.
Management and employees involved in procurement and/or dealings with the Company, its subsidiaries or external parties shall act transparently and comply with applicable procedures. The Company shall also communicate this Policy to external parties and require their compliance.
Company personnel shall comply with the following guidelines when undertaking activities exposed to a high risk of corruption:
Reasonable expenditure on business entertainment—including meals, beverages, sporting events and other activities directly related to legitimate business practices, customary business relations or business education—is permitted. Such expenditure must not influence business decisions, create conflicts of interest or violate Company regulations.
All donations and sponsorships shall undergo appropriate review, approval and verification processes, supported by clear documentation and conducted in accordance with the Company's policies and procedures. This is to ensure that they are not used as a pretext for corruption.
The Company, its directors, executives and employees are committed to political neutrality. They shall not provide assets or other benefits as political contributions or support to political parties, politicians or politically connected persons under any circumstances.
The Company prohibits facilitation payments in all forms, whether direct or indirect. No action shall be taken or accepted in exchange for facilitating or expediting business activities.
The Company shall not employ government officials where such employment may create a conflict of interest or lead to an abuse of authority.
The Company shall conduct corruption risk assessments and maintain effective and appropriate internal controls to prevent corruption. Operational risks that may give rise to corruption shall be reviewed and assessed at least annually.
Any person who suspects, believes or has reasonable grounds to believe in good faith that dishonest, non-transparent or non-compliant conduct has occurred should report the matter through the Company's designated whistleblowing channels.
The Investigation Committee should comprise representatives from the following three functions:
Reports or complaints should include details of the matter, together with the complainant's name, address and contact telephone number.
Located within the Company's premises.
For complaints involving the Chief Executive Officer or a higher-ranking executive, please address correspondence to:
Chairperson of the Audit and Corporate Governance Committee
Thai Eastern Bio Power Public Company Limited188 Moo 2, Khao Sok Subdistrict, Nong Yai District, Chonburi 20190, Thailand
For complaints involving the Chief Executive Officer or a higher-ranking executive:
email Kittisak.c@thaieasternbiopower.co.th
phone 081-8130471
For complaints involving persons below the Chief Executive Officer:
email kongkit.k@thaieasternbiopower.co.th
email whistleblower@thaieasternbiopower.co.th
phone 038-168541-55 ต่อ 622 หรือ 089-2354787
info Note: All complaints will be treated as strictly confidential. Complainants may report through more than one channel. If they disclose their identity, the Company will be able to communicate the outcome or request additional information.
Company personnel and stakeholders who have questions regarding the Anti-Corruption Policy or the Whistleblowing and Complaints Policy may contact:
Thai Eastern Bio Power Public Company Limited 188 Moo 2, Khao Sok Subdistrict, Nong Yai District, Chonburi 20190, Thailand
phone +66 (0) 38-168-541–55 ext. 622 or +66 (0) 89-235-4787
Download the complete policy document for a detailed overview of the Company’s Anti-Corruption guidelines.
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