Treatment of Insider Information
The Company has committed policies and procedures on paper in accordance with good corporate governance with regards to the use of insider information. The Company’s policies and stand is to prohibit the use of insider information for personal benefts of all directors, management, and employees.
The Company emphasizes the importance of safekeeping and protecting against the use of the Company’s insider information. It is stated in the employment contract, working principles, corporate governance policy, Business Ethics and Code of Conduct Manual that employees shall not seek to beneft themselves or related parties by using Company information or news which is confdential and has not been released to the public, or cause actions that create conficts of interest.
The Company will levy the maximum penalty if the member of management or employee or related parties who use this information or exhibits behavior that can cause damage to the Company.
The Company will educate and make the directors, management at all levels understand the announcement made by the Securities and Exchange Commission which indicated that members of the management (which includes their spouses and children who are minors), report their security (GMMM) acquisition and change to the Securities and Exchange Commission according to Section 59 of the Public Limited Companies Act B.E. 2535, and fle an additional report to the Company Secretary every time who will in turn notify relevant parties. The penalties for violating or failing to comply with this regulation is clearly announced by the Management team, which will report on the details of shares held by the Board of Directors and the Management Team every six months at the Board of Directors’ meetings. The Company has also notifed all management who know inside information should not buy or sell the Company’s securities one month before fnancial statements are publicly disclosed.
Moreover, the Company controls and protects the data via information systems that control and/or prevent outsiders from gaining access. The Company also sets the levels of employees’ data accessibility according to their authority and responsibility
In cases where external parties are involved in special projects dealing with information undisclosed to the public and is in the negotiation stage, such projects fall into the scope of insider information as the news may affect the price of the Company’s securities. These external parties must sign confdentiality agreements with the Company until the information is disclosed to the SET and SEC.
The management will prepare an annual report on the effectiveness of safe-keeping and preventing the use of insider information for the Board of Directors.
In 2010, the report to the Board of Directors on the measures to safeguard and protect the Company’s information indicated that it was still effective. Details on the security (GMMM) acquisition and change by directors and management are shown in the section “Management Structure”
