2025
RATCH did not receive any
“Complaint”
about fraud and corruption and incurred
“No Damage”
resulting from fraudulent and corruption acts.
Revised the fraud and corruption risk register for the year 2025 to include existing controls and informed all employees accordingly.
Informed the executive representatives in the Group of the requirement under the Anti-Fraud and Corruption Policy for the year 2025 and all representatives (100%) signed the policy acknowledgement form.
Invited 13 suppliers to join Thai Private Sector Collective Action Against Corruption (CAC), as a continued effort from 2024.
Prepared the evaluation form to gauge employee knowledge and understanding in the Code of Conduct and anti-fraud and corruption practices, which all employees are subjected to the evaluation prior to annual performance review.
Updated the internal VDO clip on the Code of Conduct titled "Fraud and Corruption", to include the definition of "conflict of interest".
Published the VDO clips on facilitation payments and fraud and corruption.
Published Newsletter to strengthen employee understanding in the following issues:
- Definition of "conflict of interest”
- Membership of the Thai Private Sector Collective Action Against Corruption (CAC)
- Building awareness on the Company’s commitment to transparent and fair operations without involvement with giving or taking of bribery or all forms of corruption, which applies to business partners or external parties acting on behalf of the Company.
- Giving or taking gifts or souvenirs of inappropriate value, whereby all employees are prohibited from giving or taking gifts or receptions, that may be considered a form of bribery or corruption, in exchange of benefits or special business arrangements.
- Bribe payments to government officials, foreign companies’ officials and Thai investors
- Complaint filing and whistleblowing; response measures, reporting channels, handling procedures, and measures against retaliation and for remediation for complainants or relevant parties
- SEC’s civil penalties imposed on NEX's executives
- SEC’s charges against public companies and former executives for inaccurate information in Form 56-1 for the year 2022 and the disclosure of false statements or information with concealed facts.
- SEC’s suspension of an auditor for failure to meet accounting standards
- SEC’s civil penalties imposed on 5 offenders for insider trading and assisting the offense