Anti-Corruption

Management Approach

Jaymart is committed to conducting its business with integrity, transparency, and fairness, in accordance with corporate governance principles and best practices. The company places great importance on social responsibility and the interests of all stakeholders, demonstrating its strong stance against corruption in any form. Since 2022, Jaymart has officially joined the Thai Private Sector Collective Action Against Corruption (Thai CAC), with a commitment to operate with transparency and fairness in all aspects of its business.

The group is dedicated to fostering a culture of anti-corruption and ethics among employees at all levels, ensuring a positive impact on business operations. Training is provided to promote integrity and responsibility, and employees are encouraged to carry out their duties with honesty and ethical conduct. The company views all forms of corruption as unacceptable and continuously promotes moral values in the workplace.

To support this, Jaymart has developed an Anti-Corruption Policy, which is regularly reviewed and updated to stay relevant. This policy applies to all departments, subsidiaries, joint ventures, business representatives, and partners, as well as the board of directors, management, and employees at all levels, to ensure strict adherence to governance and ethical principles.

The objective of this policy is to prevent misuse of power, deter fraudulent behavior, bribery, and all forms of corruption. It also serves as a framework to ensure business operations comply with legal standards, clearly outlined in the company’s code of ethics and anti-corruption policy.

Jaymart communicates this anti-corruption policy to all employees to ensure full understanding and awareness. All employees must acknowledge receipt of the policy as part of their work regulations. Additionally, the company organizes annual training sessions to reinforce the policy and foster an ongoing anti-corruption culture.

Disclosure and Communication of Anti-Corruption Policy Guidelines

• 1
  The company requires the training department to include anti-corruption and anti-bribery knowledge as part of the orientation program for all new employees, ensuring that every new hire understands and adheres to the policy strictly.
• 2
  The company organizes anti-corruption and anti-bribery training sessions led by experts with specialized knowledge, to reinforce awareness and instill a strong ethical mindset among employees at all levels at appropriate intervals.
• 3
  The company discloses the anti-corruption policy on the company’s website for easy access by the public, customers, business partners, investors, shareholders, and employees for educational purposes.
• 4
  The company also publishes the anti-corruption policy in its annual report (56-1 One Report), available on the company’s website, to ensure easy access by the public, customers, business partners, investors, shareholders, and employees for information purposes.
• 5
  The company displays anti-corruption and anti-bribery boards in areas within the company where employees can easily see them, to promote ethical values and discourage any involvement in corrupt activities.
• 6
  The company sends email notifications regarding the anti-corruption and anti-bribery policy updates to all employees whenever new content or revisions are made.

Complaint Handling and Whistleblowing Procedures

To support and promote governance in line with business ethics and effective anti-corruption efforts, the company has established channels for whistleblowing and filing complaints, along with protective measures for whistleblowers to create a transparent work environment and ensure confidence in the reporting process. Both employees and stakeholders, both internal and external, can easily access these channels.

The company has defined specific channels for reporting and receiving complaints, allowing employees and stakeholders to report suspected misconduct, suggestions, or complaints related to unethical behavior, corruption, violations of laws, regulations, corporate governance policies, business ethics, and the company’s anti-corruption policies. Additionally, suggestions related to business operations are also welcomed. These channels are designed to be secure, ensuring strict confidentiality of the whistleblower. An investigation committee is directly responsible for overseeing the process.

Reporting and Whistleblowing

The company has established a whistleblowing system and complaint mechanism for individuals both inside and outside the organization. This system serves as a channel for reporting misconduct such as bribery, corruption, discrimination, harassment or abuse, privacy violations, legal violations, or breaches of company policies and regulations.

The reporting system is designed to be secure and confidential, ensuring that whistleblowers can be confident that their reported information will be protected. The company also has measures in place to protect whistleblowers from retaliation or negative treatment due to their reporting. The company will thoroughly and fairly investigate and address any complaints to maintain a safe and transparent working environment.

Disciplinary Action for Corruption and Misconduct

If an employee is found to violate company policies, disciplinary action will be taken according to the company’s policies and applicable labor laws. Penalties may include suspension for a specified period, payment of compensation for damages agreed upon by the company and the wrongdoer, termination of employment, and a permanent ban from rejoining the company or its subsidiaries. Legal action will also be pursued to the fullest extent.

Protection of Whistleblowers and Complainants

• 1
  To protect the rights of whistleblowers and complainants, the company ensures that their personal information is kept confidential, with the safety of the individual being a priority. 
• 2
  The company will carefully assess incidents and follow proper procedures for fact-finding investigations, especially on sensitive issues, to avoid negative consequences for the whistleblower. The company ensures fairness for both the whistleblower and the person being complained about, without discrimination.
• 3
  If the whistleblower or complainant is a victim of corruption or misconduct, the company will provide appropriate and fair assistance to address the damages.