Universal Polybag Co.,Ltd. (“the Company”) realizes the importance and principle of “Good Corporate Governance” The company is committed to conducting business with integrity, transparency and fairness.
Our responsibility and caution under the law. Regulations and standards that related to the Company both local and international. Including the standard/requirements related to bribery, corruption or any type of fraudulent Business Practices.
The Company is committed to fight against corruption, anti-bribery, and anti all kind of fraudulent Business Practice. The Company does not accept any corruption.(Zero Tolerance).
Therefore, Without consenting to any kind of corruption, and determine that the Company and the persons involved in the business operation must comply with Bribery, Anti-Corruption Policy, and all kind of Fraudulent Business Practice. This policy are covers in all relevant departments doing any action.
The maximum disciplinary action has been established for those who act. And for the clarity of actions taken in matters with high risks and corruption, directors, management and employees at all levels must act with caution in Business Ethics and Bribery Issued Anti-Corruption, fraudulent Business Practice such as follows:
1.Compliance with Laws.
The company will fully comply with all applicable national and/or local laws and regulations, including but not limited to labor, immigration, health, safety and environment.
2.Licenses and Permitting.
The company shall acquire and maintain all legally required environment permits and business operating licenses necessary for the production of our product and operation of our facilities.
3.Financial Integrity.
The company shall keep accurate records of all matters related to our business with our customer, supplier, government in accordance with standard accounting practice or international financial Reporting standard.
4.Environmental Sustainability, The following apply to all process or company activities,
Environment management, The company will have environment monitoring systems which accurately measure and track operational and production impact to air, water and any other environment system.
Waste water, The company will identify, characterize and inventory all waste water ongoing basis to ensure that pollutant are at or are at or below legally required levels, we will not undersized, by passed or inoperable waste water treatment system.
Waste reduce and disposal, The company will handle store, transport and dispose of hazardous waste legally, We will work to ensure to reduce waste throughout the production process.
Energy management, The company will identify all applicable energy sources and energy consumption, The company will periodically set clear goals to improve energy efficiency and keep document progress record toward achieving those goals,
Emissions to air, The company will monitor and keep document/record of all air emissions in accordance with the applicable regulatory requirements, The company will install and maintain appropriate air emissions control devices to ensure air emission are at or below legally required levels.
5.Excessive Gifts and entertainment
Not request or accept gifts or other benefit from any persons related to the Company.
Receipt of gifts shall not affect work-related decision making.
Avoid accepting gifts or rewards having the value of more than 5,000 Baht. If it is necessary, the Company shall be notified.
Gifts or rewards to be given shall have the value of not more than 5,000 Baht per time and shall be offered on the Company’s behalf only.
6. Conflict of interest
Employees shall perform their duties with integrity and for the utmost benefit of the Company.
Employees shall not do anything which may cause conflict of interest.
Employees shall disclose any relationship or circumstance which may cause conflict of interest
7. Charitable and Donations
Donation for charity, public benefits and promotion of social responsibilities shall be made transparently, legally, morally, and shall not be used as an excuse to offer bribery.
8. Facilitation Payments,
Shall be for business purpose, image and reputation of the Company.
Shall be given in the Company’s name only
Risky financial support which may be connected to bribery shall be avoided.
9. Political Contributions / Political Assistant.
The Company shall be politically neutral.
The Company shall not support any political party whether directly or indirectly.
Transactions for political assistance shall not be approved by any person.
Authorized persons under the Company’s rules and regulations shall not approve transactions for political assistance.
10.Anti-corruption policy rules are cover the following areas of the Company’s operations:
The Company arranges anti-corruption risk assessment and create effective measures in response the such risks in accordance with the internal control system.
The Company prepares sufficient rules for implementation under the policy to prevent corruption in business operation.
Continuous orientations and training shall be provided to the personnel to ensure their understanding of the anti-corruption policy, measures and rules.
The Company arranges internal control system to ensure efficiency and effectiveness of the anti-corruption policy which covers financial record, accounting and other processes related to the Company’s operations.
The Company arranges monitoring system and review of compliance of the anti-corruption policy by applying appropriate rules to ensure that the policy is complete, sufficient and updated.
The Company provides safe communication channels for the personnel and all stakeholders to seek consultations, report any incidents, provide suggestions, or file complaints related to anti-corruption issues. The rights of reporting persons shall be strictly protected.
The Company communicates the anti-corruption policy both inside and outside the Company so that related parties can learn the policy, related companies, and business agents can put the anti-corruption policy into practice.
11.Any others type of fraudulent Business Practice.
11.1 Anti-Money Laundering Act, B.E. 2542
The company is committed to conducting business with customers and reliable business partners who conduct business legally. By strictly complying with the Anti-Money Laundering Act B.E.2542
The Company will not support and will not take any action to conceal or disguise the source of money or property in connection with the misconduct, and will not engage in any transactions that may alter the money or property related to the offense. Image or has been converted to other property which has been unlawfully acquired.
Employees are required to cooperate unconditionally with relevant agencies to prevent money laundering in the business system. Including complying with the laws related to money laundering in the business system And strictly abide by the laws relating to the prevention and suppression of money laundering.
11.2 Intellectual Property Policy
11.2.1 The company will not violate the intellectual property rights of others in any way.
11.2.2 Employees are prohibited from doing any act that violates the intellectual property rights of the Company or that of others, and any acts that violate the provisions of the law. Intellectual property, including copyrights, patents, petty patents, trademarks, The Secret of Trade information and similar laws.
11.3 Use of Net work, company information and Computer Crimes Act B.E.2550.
11.3.1 Manager and Staff are prohibited from changing, copying, deleting or destroying the Company’s information or data without proper authorization.
11.3.2 Manager and Staff are prohibited from using illegal software for any reason and from using copy right protected software without the permission of the copyrighter owner.
11.3.3 Manager and Staff are prohibited from using the company’s electronic mail system to transmit derogatory, offensive, pornographic, abusive or annoying messages according to the Computer Crimes Act B.E.2550.
12.Policy on Internal Control and Internal Audit
The Board of Directors are consider the importance to the financial control system, operation control and best practice. By providing an Internal Audit, making recommendations for continuous improvement as well as monitoring the performance of the system to ensure that financial and operation are effective performance.
13.Whistleblowing policy and complaint channels/Reporting Misconduct.
The Company arranges channels for complaints and whistleblowing which cover acceptance of compliant, factual examination and conclusion as well as protection of informer and related persons to accept complaints related to any illegal, unethical behaviors or corruption of the Board of Director, executives and employees of the Company. Complaints may be submitted
1) By mail : General Manager. Universal Polybag Co.,Ltd. 49/22 Moo.5 Laemchabang Estate, Tungsukla Sriracha Chonburi 20230
2) By email : mana.kulcharoen@universalpolybag.com
3) By phone : (038) 494076-7 Extension 119.
Informers or complainants who may be employees, customers or any stakeholders shall be protected pursuant to the law. The Company shall treat the information as confidential and the processes of compliant acceptance and investigation are indicated in writing. Complaints shall be known only by the persons assigned by the Audit Committee. If the confidential information is disclosed, the Company shall impose punishment on the person who cause such disclosure.
14.Communication and Awareness Training
Communication and raising awareness to employees and stakeholders The Company will conduct communications, trainings and raise awareness in accordance with the business ethics policy. This is a good practice for all stakeholders.
15.Performance evaluation and review for improvement
The company has established a method for assessing its performance to ensure that the ethical policy in its business conduct. Will be put into practice continuously. The methods for evaluating the performance are as follows:
15.1 The management is responsible for reviewing operating guidelines that may affect the performance of operations that are inconsistent with the Company's business ethics policy. To lead actions to prevent and to correct further.
15.2 The Company assigns the Thai Labor Standards System (Internal Audit) auditing team to be responsible for the system audit on an agenda basis. To ensure Communication, training and awareness raising are carried out to employees. To have knowledge and understanding and be able to properly implement and communicate all information to the Company's stakeholders completely, if any inconsistency is found, the Company will take corrective action and prevent in accordance with the established regulations.
15.3 Audits by clients or auditors representing customers, or audits from accrediting organizations on a regular basis.
16.Business Ethics Policy Revisions
The company will regularly update its Business Ethics Policy and code of conduct directives to ensure remain appropriate and accord to international best practice all the time.
The Company aims at fair and legal operations by encouraging employees of all levels to be aware of bribery, anti-corruption others type of fraudulent Business Practice.
Our Internal control system is established to prevent corruption, giving or receiving any kinds of briberies and fraudulent Business Practice.
Please be informed and announced on August 15th, 2020.