Frasers Property (Thailand) Public Company Limited, formerly known as TICON, focuses on the value of, and is committed to, running its business with integrity, transparency and fairness, within the framework of law, ethics and good corporate governance practices, with full support for anti-corruption measures and the recognition that corruption impacts business operations and the sustained growth of the company as well as the economic and social stability of the country.
As a part of society with hopes of ridding Thailand of corruption, the company is a member of Thailand’s Private Sector Collective Action Coalition Against Corruption (CAC) and developed this Anti-Corruption Policy document for all company personnel to observe, and for stakeholders to become aware of the company’s desires and business guidelines.
Frasers Property Thailand requires the company personnel to study, understand and comply with this Anti-Corruption Policy seriously, to jointly turn the company into a transparent entity, trusted by all stakeholders. Therefore, the Company has set the practices as follows:
No directors, executives, or employees of the company may demand, engage in, or tolerate corruption in any country and any public or private agency involved in Frasers Property Thailand’s business. Rather, they must cooperate in promoting the values of integrity and responsibility as a corporate culture as well as
The Company managed to give orientation to new hired employees and distributed them handbooks with Corporate Governance Code (CG Code) and the Code of Conduct including Anti-Corruption Policy and Measures. Moreover, the Company managed to hold the seminar “Roles of Thailand’s Private Sector Collective Active Coalition Against Corruption Council Member” on Monday, August 27, 2018. Mr. Kulvech Janvatanavit from the Thai Institute of Directors (IOD) was the honorable speaker. The seminar reinforced people’s awareness of their roles as well as their stakeholders and helped identify risks of corruption in operation. In addition, it helped evaluate whether the operation is compliance with the Company’s Anti-Corruption Policy as well as the Corporate Governance Code. Vice Professor Tithiphan Chuerboonchai, who is a Company’s independent director, member of the Audit Committee, Risk Management Committee, and Corporate Governance Committee was cordially invited to attend the seminar. After the seminar ended, the Company disseminated video of the seminar to all its employees to promote the anti-corruption value as part of its corporate culture.