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Annual Report
2015
Anti-misconduct and anti-corruption policy
SET’s BoG has realized the importance of conducting
business to prevent and combat misconduct and corruption by
setting up the anti-misconduct and anti-corruption policies as
key parts of the corporate governance principles. In 2015 the
BoG approved “SET’s Anti-Corruption Guidelines”, the revision
version of “SET’s Anti-Corruption Guideline for employee 2013”,
to cover governors, committee members, and advisors/experts. In
addition, some practices have been revised to be in line with best
practice of combat corruption as regulated by the Private Sector
Collective Action Coalition Against Corruption Council, or CAC.
In 2015, SET continued to comply with the policy and
guidelines prohibiting the acceptance of gifts, in order to establish
good governance and best practice for employees to follow with
transparency, without conflicts of interest. This policy has been
communicated to the third parties and all stakeholders in order
to establish a shared understanding, commitment, and common
culture in the fight against misconduct and corruption.
Creating awareness and communicating the intention
in the Anti-misconduct and Anti-corruption policies
In 2015, the SET group communicated the intention of the
Anti-misconduct and Anti-corruption policies to stakeholders both
internally and externally through a variety of activities as follows:
Business partners or potential business partners:
Arranged the first meeting with business partners to help
them understand SET’s anti-misconduct and anti-corruption
policies by clearly identifying the wordings of the anti-
corruption policy in procurement process such as purchasing
order forms, bidding announcements, and terms of reference
announcements.
Listed companies, member companies and other agencies
involved:
posted “SET’s Anti-Corruption Guideline” on the
SET website with a letter from SET President requesting
cooperation in refraining from giving gifts to SET staff in
order to create standard for best practice.
SET management and staff:
1. Organized training session on “Fraud Risk Management”
to provide knowledge, promote understanding realization
on fraud risk put into practice, while being capable on risk
management, in line with SET anti-corruption measures.
2. Publicized articles on fraud and corruption case studies
occurred in Thailand to raise awareness of the damage
and published the 2015 version of “SET’s Anti-Corruption
Guideline”.
Participating in Anti-corruption activities
In 2015, SET has continuously encouraged our governors,
executives and employees to participate in various activities to
support anti-corruption efforts, for example:
The SET Chairman joined the committee of the Anti-Corruption
Organization of Thailand, representing SET in meetings and
exchanging ideas which are beneficial to the development
of anti-corruption guidelines for Thailand.
Joined the Anti-Corruption Day 2015: “Active Citizen Against
Corruption” together with members of Anti-Corruption
Organization of Thailand from both public and private sectors
on September 6, 2015
Attended the 2015 annual conference of the Institute of
Internal Auditors of Thailand (IIA) under topic of “Good
Governance and Anti-Corruption in Thailand” and “Fraud
& Anti-corruption” on November 2, 2015
Joined the launch of “Anti-Corruption Foundation” organized
by The National Anti-Corruption Commission (NACC) on
November4,2015.NACCmemberWichaMahakun,aschairman
of the foundation, presided over the opening ceremony,
whilePrimeMinister PrayutChan-o-chaaddressed theopening
speech emphasizing the importance of anti-corruption
that must be realized by all sectors and at the same time
consciousness should be promoted among the youth.