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Corporate sustainability being RATCH’s ultimate goal, the company has dedicated various resources to drive itself toward secure growth. It applied sustainable development as a guide for business along with a decision-making process with due regard for value and balanced socio-economic-environmental achievement.

Risk Management The prime objective of risk management is to avoid risks harmful to business existence or business continuity. Risk avoidance will, at the same time, enable effective decision-making and business administration while increasing long-term values for the business, which will eventually result in business sustainability.

Crisis management is an essential mechanism for management of unforeseen incidents to end, mitigate, or limit loss, damage, as well as direct and indirect impacts on the economy, society, community, and the environment to a minimum. As a result, RATCH manages to operate business on a continuous and sustainable basis. It has defined the guidelines for crisis management in its Code of Conduct as follows:

The Board of Directors is RATCH’s the highest governing organization, with commitment to corporate growth, in order to fulfill its vision and maximum expectations of shareholders and stakeholders (whether directly or indirectly), in the supply chain of RATCH’s business, as well as adherence to environmental responsibility and corporate governance.

Code of Conduct

Implementation guidelines of business operations as specified in the new code cover the following issues:

Anti-Fraud and Corruption

This year RATCH continued development from the previous year to fight corruption. It reached its goal by passing the assessment and receiving a CAC (Thailand’s Private Sector Collective Action Coalition against Corruption) certificate as planned.

The policy stipulates that RATCH will not engage in fraud and corruption, whether directly or indirectly, throughout its business operation with either the public or the private sector. It prohibits all employees (from directors, executives, to staff) from requesting, engaging in, or accepting any fraud or corruption for their own benefit or for the benefit of others, including families, friends, or acquaintances.

The Board approved the policy and made a formal announcement on February 25, 2016. The policy can be summarized as follows:

  • Foster an anti-fraud and anti-corruption culture
  • Define clear principles, processes, and implementation guidelines for business operation to prevent risks of fraud and corruption
  • Establish an internal control system, taking into account risks of fraud and corruption
  • Determine criteria, audit, and supervision to ensure appropriate compliance with the policy
  • Establish written regulations to ensure compliance by executives, as a risk control measure of operation fraud.