Anti-Corruption
Anti-Corruption
Anti-Corruption
The company is committed to conducting business with transparency, rejecting all forms of corruption, and promoting ethics and good governance at all levels of the organization.
Business code of conduct
The company has prepared a "Code of Business Conduct" published on the company's website www.ldcdental.com Investor Relations menu under the heading "Company Documents" by publishing it for executives and employees of the company at all levels to study, understand, and strictly adhere to the code of conduct in business operations.To jointly develop the company into a transparent organization that has earned the trust of all stakeholders, which is the foundation for sustainable business growth. It has been disseminated to executives and new employees of the company from the very beginning. The company regularly reviews knowledge from the "Code of Business Conduct." Examples of content from the "Code of Business Conduct" include:
- Ethics for Executives
- Ethics towards Stakeholders
- Employee Ethics
Policy and guidelines related to business code of conduct
Guidelines related to business code of conduct
Prevention of conflicts of interest, Anti-corruption, Whistleblowing and Protection of Whistleblowers, Preventing the misuse of inside information, Gift giving or receiving, entertainment, or business hospitality, Environmental management, Human rights, Safety and occupational health at work
Prevention of conflicts of interest
- Ensure that the company complies strictly with the rules, procedures, and disclosure of connected transactions as prescribed by law or regulators.
- Directors, executives, and employees at all levels of the company must not engage in any business that competes with the company, unless approved by the shareholders' meeting prior to being appointed as a director.
- Directors, executives, and employees at all levels of the company must not use the company's opportunities or information to benefit themselves or others.
- Directors, executives, and employees at all levels of the company must not attend meetings or vote on agenda items related to themselves that may cause a conflict of interest with the company. If it is necessary to do so for the benefit of the company, such items shall be treated as if they were for outside parties.
- Directors, executives, and employees at all levels of the company must immediately notify their supervisor or the Human Resources Department of any potential conflicts of interest.
- The Human Resources Department or its designee shall verify the facts and impacts within 30 days of notification to seek approval from the authorized person to determine remedial measures (if any).
Anti-Corruption
The Board of Directors, executives, and employees of the company must strictly adhere to the Business Ethics, Anti- Corruption Policy, and Practices by not engaging in corruption, whether directly or indirectly, including related contractors.
The company has established good practices for preventing conflicts of interest to ensure that the company's business operations are conducted in accordance with the principle of maximizing the company's best interests and avoiding actions that may lead to conflicts of interest. The company requires that any person who has a conflict of interest or who may benefit from a matter under consideration must notify the company of their relationship or interest in such matter and must not participate in the consideration, decision-making, or approval of such transaction. The following are the guidelines:
1. Do not engage in any conduct that indicates bribery or offering bribes to stakeholders in matters for which they are directly or indirectly responsible in order to obtain undue benefits. This includes:
1.1. Do not accept or give gifts in the form of cash, checks, bonds, gift certificates, gold ornaments, or similar items to related parties with whom they have contact, both in government agencies and private organizations.
1.2. Do not accept assets, items, gifts, or other benefits that induce the omission of one's duties. If unavoidable, before accepting souvenirs, ensure compliance with the law and company regulations. Gifts given in the course of work should be of reasonable value and appropriate for the occasion.
1.3. Do not give assets, items, gifts, or other benefits to induce decisions or cause the recipient to not conduct business in the same manner as other trading partners. However, giving gifts on special occasions must not be excessive.
1.4. Do not act as an intermediary in offering money, assets, items, or any other benefits to those involved in the business, government agencies, or any organization in exchange for undue privileges or to cause state officials to refrain from acting in accordance with regulations, rules, and legal practices as prescribed.
2. Procurement and hiring must be carried out through the company's regulations, be transparent, and auditable.
Expenses for business entertainment and other expenses related to compliance with business contracts are permissible but must be reasonable and verifiable.
When making charitable donations, the following must be observed:
4.1. The use of company funds or assets for charitable donations must be made in the company's name only. Charitable donations must be made to foundations, public charities, temples, hospitals, medical facilities, or organizations for the benefit of society that have certificates or are reliable, verifiable, and processed through the company's regulations.
4.2. Personal charitable donations are permitted but must not be related to or raise suspicions of fraudulent acts for any benefit.
5. The use of company funds or assets to support projects must be made in the company's name only. The financial support provided must be for business purposes, a positive image, and the company's reputation. All disbursements must state clear objectives, have verifiable evidence, and be processed through the company's regulations.
6. Do not engage in any activities related to internal company politics and do not use any company resources to do so. The company is an organization that adheres to political neutrality, supports compliance with the law, and democratic rule, including not having a policy of providing political assistance to any political party, either directly or indirectly.
7. Directors, executives, and employees must comply with the company's Anti-Corruption Policy and Code of Business Conduct and must not engage in corruption, either directly or indirectly.
8. Directors, executives, and employees must not neglect or ignore any acts or behaviors that are considered fraudulent and corrupt or that may lead to fraud and corruption that directly or indirectly affects the company. They must notify their supervisor or the person in charge and cooperate in verifying the facts. If there are any doubts or questions, consult with the supervisor or the person assigned to be responsible for compliance with the Code of Conduct through the designated channels.
9. The company will support and encourage employees at all levels to recognize the importance and be aware of anti- corruption, bribery in all forms.
10. The company will provide fairness and protection to employees who refuse or report fraud and corruption related to the company by using measures to protect whistleblowers or those who cooperate in reporting corruption as specified in the company's whistleblower protection measures.
11. Directors, executives, and employees who commit fraud and corruption are in violation of the company's code of conduct and will be subject to disciplinary action in accordance with company regulations. In addition, they may be subject to penalties under the law if the act is illegal.
12. The company recognizes the importance of disseminating, educating, advising, and creating understanding among personnel within the organization and external parties involved in the business regarding anti-corruption. This is to ensure that personnel and external parties involved in the business comply with this Anti-Corruption Policy and Practices, as well as serve as good role models in terms of honesty, ethics, and code of conduct.
13. The company is committed to creating and maintaining a corporate culture that upholds the belief that corruption, bribery, and gift-giving are unacceptable, regardless of who is involved or whether the transaction is with the public or private sector.
14. The company has established payment regulations with authorization limits and approval amounts. Disbursements and payments outside of the company's normal course of business must be accompanied by clear supporting documentation to prevent improper payments, including preventing inappropriate political contributions. This also ensures that any charitable donations are not for corruption and that business support payments are not used as an excuse for corruption.
15. This Anti-Corruption Policy and Practices covers the human resource management process from recruitment or selection, promotion, training, employee performance evaluation, and compensation.It requires supervisors at all levels to communicate and ensure understanding with employees for use in business activities under their responsibility and to oversee effective implementation.
16. The company provides internal audits to ensure that the established risk management system enables the company to achieve its objectives. It also audits the company's internal operations for compliance with regulations and rules.
17. The company ensures that these practice measures are documented in accordance with internal control principles to comply with company policies and regulations.
18. Employees must sign an acknowledgement of the Anti-Corruption Policy to confirm that all employees are aware of, understand, and are ready to adopt the principles of the Anti-Corruption Policy as a strict practice.
