Anti-Corruption
Peace, Justice and Strong Institutions
Partnerships for the Goals
Importance and Mission
Ichitan Group Public Company Limited upholds the ideology of conducting business with integrity, transparency, fairness and accountability under the principles of good corporate governance. It remains committed to social responsibility and the interests of all stakeholders. To this end, the Company has established an Anti-Corruption Policy as a guideline for directors, executives and employees at all levels to strictly adhere to and implement. The Company regularly reviews its operational guidelines and regulatory requirements to ensure alignment with business changes, regulations and applicable laws. These guidelines have been communicated to all employees within the organization as well as business partners and have been integrated into the Company’s Sustainable Procurement Policy as a standard for conducting business together.
Stakeholders Directly Impacted
Investors / Shareholders
Consumers
Employees
Society and Community
Business Partners / Creditors
Government Institutions / Agencies
Goal and Performance Highlights
Performance Highlights
Maintained CAC membership and, for the 1st year,
ICHITAN has been certified as a member of the CAC for
Management Approach
- Established corporate governance policies at the organizational level, including the Corporate Governance Handbook, Ethics and Business Code of Conduct, Risk Management Policy, Human Rights Policy, Anti-Corruption Policy, and Whistleblowing and Complaint Policy etc.
- A channel has been established to allow stakeholders to report any misconduct or file complaints in cases involving corruption, human rights violations, or breaches of the organization’s business ethics. Furthermore, the Company ensures transparency in disclosing the outcomes of such reports.es of such reports.
Anti-Corruption
The Company upholds the ideology of conducting business with integrity, transparency, fairness and accountability under the principles of good corporate governance. It remains committed to social responsibility and the interests of all stakeholders. To this end, the Company has established an Anti-Corruption Policy as a guideline for directors, executives and employees at all levels to strictly adhere to and implement. The Company regularly reviews its operational guidelines and regulatory requirements to ensure alignment with business changes, regulations and applicable laws. These guidelines have been communicated to all employees within the organization as well as business partners and have been integrated into the Company’s Sustainable Procurement Policy as a standard for conducting business together.
Furthermore, the Company has been a continuous member of the Thai Private Sector Collective Action Against Corruption (CAC), demonstrating the Board of Directors’ commitment to combating corruption in all forms, both direct and indirect, to ensure sustainable progress and long-term growth
100%
of the directors, executives and employees have undergone training on anti-corruption practices and this policy available on its internal Intranet system.
In 2024, the Company was honored with the CAC Change Agent Award 2024 (Year 1) by the Thai Institute of Directors (IOD) for its efforts in encouraging its small and medium-sized enterprise (SME) partners to join the Thai private sector’s anti-corruption initiative. A total of 10 partner companies have joined the program and signed a declaration of commitment as members. This award affirms the Company’s dedication to expanding a transparent business network and further supporting anti-corruption efforts in the future
Risk Management Measures for Corruption Prevention
- The Company conducts an assessment of corruption-related risks at least once a year. This assessment is carried out by departments involved in business activities related to government agencies, using the corruption risk assessment table recommended by the CAC (Thai Private Sector Collective Action Against Corruption).
- In conducting corruption risk assessments, the company must implement an internal control system that comprehensively covers Operational Control, Environmental Control, and Financial Control.
- The Company has stringent procedures in place to manage the risks of fraud and corruption to ensure that all financial transactions are fully and accurately recorded in the company’s accounting records. There must be no unrecorded, unexplained, or falsified transactions. The company requires the use of reporting forms for giving/receiving gifts and hospitality, all of which must receive prior approval from authorized personnel before proceeding.
- The Company has procedures for proper storage and maintenance of documents and records to ensure they are available for audit and verification of the accuracy and appropriateness of financial transactions.
- The Internal Audit Department plans audits in alignment with anti-corruption measures, including reviewing the corruption risk assessments. The audit results are reported annually to the Audit Committee for acknowledgment.
Whistleblowing and Complaints
The Company has established a Whistleblowing and Complaint Policy to protect employees and external individuals who report misconduct. Reports of legal violations, ethical breaches, corruption or human rights abuses may be submitted to the Human Resources Department, Company Secretary Office, Internal Audit Department or the Audit Committee of Ichitan Group Public Company Limited. All whistleblowers will receive fair protection. Additionally, to prevent recurring misconduct, the Company will review and implement additional measures in its operational processes as necessary while ensuring that relevant parties are informed and comply with these updates
In 2024, the Company found no instances of legal violations, ethical breaches, corruption or human rights violations
Our Activities
Ichitan Group Public Company Limited has continuously carried out sustainability initiatives, focusing on environmentally and socially responsible production.
