Conflicts of Interest
To prevent conflicts of interest in potentially problematic transactions, the Board of Directors has carefully specified policies and procedures for approving connected transactions in the Company’s Authorization and Procedure Manual. The Company also follows the SET rules and regulations by setting prices and conditions on an arm’s length basis, and disclosing details on the value of the transaction, listing the contracting parties, and explaining the reasons why the transaction is necessary, as per SET rules and regulation in the information memorandum and/or Company’s annual information disclosure (form 56-1) and in the annual report’s “Connected Transactions” section.
The Company has deemed that changes in securities holdings by directors, executive members and those in management (as per definition of SEC and SET), including spouses and offspring (minors), be reported in the Board of Directors’ meeting at least twice a year for full disclosure and transparency in accordance to Good Corporate Governance policies. Moreover, the Company emphasizes the importance in the safekeeping and usage of the Company’s insider information, to avoid misuse for personal benefit and affiliates’ gains.
