The Code of Conduct

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RATCH adheres to ethic, morality, integrity, good governance principles and code of conduct implementation in doing business.

Regarded as a business norm, best practices concerning stakeholders throughout the company’s value chain are covered in order to be a key driver towards sustainable business growth.

RATCH’s code of conduct was compiled from the best practices for business operation. In accordance with the company’s rules and regulations, the management and all employees including related parties simplify to study and commit to comply with this code of conduct. Moreover the Board of Directors and management have regularly reviewed the corporate code of conducts to ensure that the business operation’s principles will embrace with current situation and the context of economy, society and environment.

Business Ethics and Compliance

Element of Code of Conduct

Compliance with Code of Conduct and supervision

Compliance Monitoring

Legal compliance

Legal compliance is a best practice included in the Code of Conduct, demanding:

  • All business units to comply with the laws in particular countries and relevant international laws.
  • All individual executives and employees to uphold and seriously respect and compliance with relevant laws and regulations.
  • All individual executives and employees to acknowledge and comply with the laws and regulations that are enforced or concern their responsibilities.
  • All individual executives and employees to be honest in cooperating with and treating compliance officers.
  • Integration of rules and regulations that influence the company’s operations into strategic plans and business processes.
  • Establishment of a team specialized in relevant regulations or a unit for coordination with government offices as well as the management of regulatory risks.
  • Executives and employees to constantly monitor legal and regulatory changes.

Performance in 2022

Activity Performance
1. Legal compliance
  • RATCH and business units under operational control were in full compliance with relevant laws including fair trade competition.
  • Compliance risks concerning investment in Thailand and abroad were assessed. The assessment required the study in legislation, regulations, criteria and regulations as well as the norms, traditions and cultures of particular countries through specialized and experienced legal advisors. The process also covered the exploration of opportunities to forge investment with experienced and specialized local partners, to reduce risks and impacts.
2. Law training for employees One training was organized, involving relevant units and their staff. The training focused on the key issues of the Personal Data Protection Act B.E. 2562, essential for the making of a work plan and update of legal document as well as work guidelines for compliance.
3. E-Newsletter to promote knowledge on the laws relevant to the operations as well as legal updates, for distribution to employees via e-mail

Quarterly E-Newsletters were issued, containing the following matters:

  • Department of Provincial Administration’s announcement on scrapping of ID card and house registration copies.
  • Energy Regulatory Commission’s regulation on criteria, methods and conditions in considering power plant site and surrounding environment for the licensing process B.E. 2564.
  • Office of the Personal Data Protection Committee’s announcement on security measures of personal data controllers B.E. 2565.
  • Office of the Personal Data Protection Committee’s regulation on complaint filing, rejection, termination and consideration B.E. 2565.
  • Ministerial regulation on abolition of factories’ annual fees B.E. 2565.
4. Reporting of amendments in legislation and notifications on SET-listed companies’ practices as well as compliance of the Company’s rules and regulations with the said changes to the Corporate Governance and Sustainability commission

The reports were completed on a quarterly basis, concerning the following changes:

  • Capital Market Supervisory Board’s Notification No. Tor Jor. 78/2564 on criteria for proposing agenda of the Annual General Meeting by shareholders as well as good corporate governance practices relating to the proposal submission under Securities and Exchange Act B.E.2535’s Section 89/28
  • Capital Market Supervisory Board’s Notification No. Tor Jor. 79/2564 on criteria on the general solicitation Relating to the appointment of proxy by the shareholders to attend and vote in the Annual General Meeting
  • Amendment to Public Limited Companies Act B.E.2535 for alignment with Public Limited Companies Act (No.4) B.E.2565
RATCH’s Code of Conduct
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