OSOTSPA Group of Companies (“Group of Companies”)
have conducted businesses with honesty, integrity and ethics
as well as having been responsible
for their respective duties and
committed in doing businesses in compliance with good governance practices.
This enables Group of Companies to grow in a steady and sustainable manner.
The Company has developed this Code of Conduct with a view to
setting up the guidelines and practices to which the directors,
management and employees shall
adhere and to facilitating
Group of Companies to conduct businesses transparently, honestly and lawfully
as well as to avoiding any activity which could lead to a conflict of interest.
In essence, this will universally build up trust and recognition at the international level,
thereby resulting in the sustainable growth of the Company.
The Company strictly follows its obligations and conditions bound by it towards its creditors,
including those relating to principal repayments, interest payments and collateral maintenance.
The Company has the policy of producing environmentally friendly products and services and comply in
all respects with applicable environmental laws.
The Company encourages activities which help maintain natural resources and energy savings, including
having a policy of selecting and promoting the manufacture and use of environmentally friendly products.
The Company will manage wages, salaries, and benefits with a view to motivating and maintaining
capable and knowledgeable personnel so that Group of Companies will remain competitive in the market.
The Company has no policy of engaging in business competition by obtaining information relating
to its competitors illegally or immorally from any sources.
The Directors, Management and Employees shall not lend, take loans, or raise funds or things for
business advantages from customers or persons who conduct business with Group of Companies, except
where they borrow loans in their own personal capacities as customers of those banks or financial institutions.
No Director, Management or Employee who is an interested person in any transaction or action may approve
such transaction or action on behalf of Group of Companies if such transaction or action is to be entered
into with themselves, any person in their families or any other persons whom they have interest with.
Those persons authorised to transact businesses on behalf of Group of Companies have duties to check
relationship of business partners whether such business partners are related to any Director, Management
or Employee before entering into such transactions so as to avoid any potential conflict of interests.
The definition of relationship is as specified in the Notification of the Securities and Exchange Commission
Re: Disclosure of Information and Other Acts of Listed Companies Concerning Connected Transactions.
In the event of such giving or accepting gifts, meals or other entertainments, each relevant Employee
shall report the same to their respective Chief / Function Head.
The Directors, Management and Employees shall avoid demanding or requesting gifts either in the
form of cash or non-cash from the business partners or any other persons related to Group of
Companies if such gifts could affect any decision-making in their work performance.
Every Director, Management and Employee shall properly preserve the confidentiality of
data and shall not communicate any substance and publicly undisclosed information to
other organizations or outside persons who are not supposed to know such information.
They shall have duties to protect confidentiality at their best effort and to be careful
in any communication, including to appropriately store and manage such information
in strictest confidence.
On the other hand, the Directors, Management, and Employees shall also respect
intellectual property rights of others.
The Directors, Management and Employees at all levels are free to trade securities
of Group of Companies, provided that they comply with applicable rules and regulations
of the Stock Exchange of Thailand. This is to ensure that no conflict of interest
will arise and that all shareholders will be treated fairly and transparently.
Those persons who have no role in press, media or public communication or are
not so assigned by the Board of Directors are not allowed to provide information
or give interview in respect of any affair of Group of Companies in a manner that
may be detrimental to the reputation or business of Group of Companies.
The Directors, Management, and Employees at all levels are free to participate in political
activities within the framework as permitted in the Constitution, provided that they shall
neither claim their own positions nor take any property or equipment belonging to Group
of Companies for use in political actions and shall not involve in any activity which could
lead to any understanding that Group of Companies are related to or supporting any
The Directors, Management and Employees are required to resign from their work if they
hold political positions or apply for regional or national elections.
A whistleblower can report or whistleblow by clearly specifying the matter as confidential
information and providing details in one of the following