Anti-Corruption Policy


Definition

Corruption means any form of bribery whether in the form of giving, demanding, or agreeing to give; or any action
of offering, giving, promising, granting, or being committed to give any valuables or benefits (“bribery”) to a public official, government agency, private entity or responsible individual, whether directly or indirectly, to induce favorable actions or to restrain the person or entity from performing their duties or to commit illegitimate actions. This also includes demanding, obtaining, or agreeing to obtain any illegitimate valuables or benefits for oneself or others to induce favorable actions or to restrain the person from performing either legitimate or illegitimate duties. The exceptions are for instances allowed by law, rules, announcements, regulations, local customs, or customary business practice.

Scope of Enforcement and Harmonization of Laws

In implementation of the Bank’s Anti-Corruption Program, the Bank requires its directors, executives and employees, and also its representatives, agents, advisors, outsourced service providers as well as business partners, to act appropriately and in compliance with applicable laws. In addition, the Bank requires that the implementation of the Anti-Corruption Program be appropriately communicated via the Bank channels and operations.

Those who do not adhere to the Anti-Corruption Program may ultimately be punished by dismissal or termination of contracts. Violation of laws will be subject to legal process or actions in accordance with applicable laws.

The Bank encourages companies in its financial business group to implement anti-corruption undertakings in line with it Anti-corruption Policy and Program in an adaptable manner suited to the situation of each company. The Bank will establish channels and processes as well as co-ordinators for communications as deemed appropriate.

Message from the Chairman on Anti-corruption Policy

In 2014, Bangkok Bank proudly celebrated its 70th anniversary. Our success and development have been based on our business and management philosophy of honesty, transparency and corporate social responsibility in accordance with good corporate governance practices.

Under the constantly changing circumstances, the increase of the relevant rules and regulations as well as the movement and the campaigns in relation to anti-corruption by the global community, Bangkok Bank, as Thailand’s leading financial institution with branches and subsidiaries across Asia Pacific region and in the world’s financial centers, realized that it has become more and more important for businesses to operate in a transparent manner without any involvement in corruption activities in accordance with principles of good corporate governance.

The Bank has joined Thailand’s Private Sector Collective Action Coalition against Corruption and set up an anti-corruption policy to prohibit directors, executives and employees from requesting or accepting bribes or benefits for corrupt purposes to the benefit of themselves or others. The Bank also supports values of honesty, promotes taking responsibility for individual actions, and encourages all those who have relationships with the Bank (including staff) to join in any actions that help fight corruption. The Bank aims to be an organization that operates in a transparent manner without corruption, and which is not involved in any corruption.

The Bank believes that an anti-corruption policy provides a framework and direction for sustainable development. The Bank expects all relevant individuals and parties to comply with and support the policy.

Message from the Chairman of the Board of Executive Directors on Anti-corruption Policy

Bangkok Bank realizes the importance of conducting business with honesty, transparency and social responsibility in accordance with good corporate governance. The Bank has joined Thailand’s Private Sector Collective Action Coalition against Corruption and set up an anti-corruption policy to prohibit directors, executives and employees from requesting or accepting bribes or benefits for corrupt purposes to the benefit of themselves or others. The Bank also supports values of honesty, promotes taking responsibility for individual actions, and encourages all those who have relationships with the Bank (including staff) to join in any actions that help fight corruption. The Bank aims to be an organization that operates in a transparent manner without corruption, and which is not involved in any corruption.

As part of its determination to fight corruption, the Bank has established an anti-corruption program and best practices in line with the current overall environment and relevant laws. The Bank displays its anti-corruption policy on its website and via internal communication channels. Anyone who breaches the policy may be subject to strict penalties of dismissal or cancelation of contract.

The Bank has secure and confidential channels which staff can use to report corruption. This ensures that there is no present or future risk to staff members who make such reports. Staff can report their suspicions or concerns to their supervisors or the head of compliance. The Bank will hear all such reports with transparency, care and fairness and subject them to a proper investigation, which will be carried out in a confidential manner to ensure staff who make the reports will have their identities protected both during and after the investigation.

The Bank’s counterparties and members of the public can also report improper behavior which may breach the anti-corruption policy to the company secretary or to the compliance unit. The Bank will hear all such reports with transparency, care and fairness and subject them to a proper investigation, which will be carried out in a confidential manner to ensure staff who make the reports will have their identities protected both during and after the investigation.

The Bank believes that its anti-corruption policy provides a framework and a direction for sustainable development and expects all those who have a relationship with the Bank (including staff) to accept and support the policy.

Anti-corruption Policy

1. Objective

Bangkok Bank has established this Anti-corruption Policy to indicate a direction and framework for its anti-corruption undertaking in accordance with principles and best practices generally accepted as being relevant to the country’s economic and social environment as well as the financial institution business.

The Bank encourages the adoption and implementation in an adaptable manner of this Anti-corruption Policy by companies in its financial business group suited to the specific situation of each company.

Directors, executives, employees, and relevant parties are required to adhere to and practice this Anti-corruption Policy in doing business to promote the Bank as an organization with good and efficient business management under a code of conduct and business ethics. 

2. Anti-Corruption Policy

(1) The Bank prohibits directors, executives and employees from committing corruption.

(2) The Bank supports the values of honesty and responsibility in performing duties.

(3) The Bank encourages all its concerned parties to have the required understanding and realization, and to co-
     operate in any actions that help fight corruption.

(4) The Bank is determined to be an organization with transparency which is corruption-free and is never involved in 
     any corruption.

(5) The Bank has established an Anti-corruption Program suited to specific situations and relevant laws.

(6) The Bank will treat its employees fairly and has established procedures to penalize personnel committing
     corruption or violating or failing to comply with the anti-corruption measures. The Bank will take actions in
     accordance with the established procedures to investigate and levy disciplinary punishment on employees at fault
     relating to corruption matters. 

3. Operational Guidelines

The Bank has included anti-corruption operational guidelines in its Code of Conduct and Business Ethics to the effect that the Bank opposes corruption and will never commit bribery for business gain. The Bank will co-operate with and support the anti-corruption measures of government and the private sector. The Bank will not solicit, accept, or agree to accept cash, gifts or other benefits from customers or other parties, except in the case of customary practices. The Bank will co-operate with the government and private sectors in exchanging useful knowledge and experiences in anti-corruption and in joining anti-corruption activities. The Bank aims at and is committed to cultivating value in concerned parties so that they continue to co-operate on anti-corruption undertakings, and are determined to put into practice the Anti-corruption Program.

Policies and Guidelines for Concerned Persons regarding Misconduct or Reporting of Fraud

Bangkok Bank recognizes that understanding and cooperation between the Bank and various groups of stakeholders are crucial to achieving sustainable development. Therefore the Bank has policies and guidelines in place so that various groups of stakeholders can report any suspicions and queries related to corruption. The Bank will hear all such reports with equity transparency, care and fairness and subject them to a proper investigation, which will be carried out in a confidential manner to ensure staff who make the reports will have their identities protected.

The Bank will ensure that no employees shall be demoted, penalized or be otherwise affected because they honestly decline to participate in corruption. Furthermore the Bank shall proceed to take disciplinary actions against employees who violate or fail to comply with this policy.  Such violation may ultimately lead to dismissal or disciplinary sanctions.

Channels of Communication between the Bank and Various Groups of Stakeholders

Various groups of stakeholders can raise their concerns, file complaints, and report suspicions regarding corruption by sending a letter to the Bank’s Corporate Secretary or compliance unit at 333 Silom Road, Bangrak District, Bangkok 10500.

Channels of Communication between the Bank and its Employees

Any employee can raise its concerns, file complaints and report suspicion regarding corruption by sending a letter to its supervisor or the head of compliance.

Certification of Membership of Thailand’s Private Sector Collective Action Coalition

Thailand’s Private Sector Collective Action Coalition against Corruption Council meeting resolved that Bangkok Bank Public Company Limited be certified as a member of “Thailand’s Private Sector Collective Action Coalition against Corruption”.
Corruption means any form of bribery whether in the form of giving, demanding, or agreeing to give; or any action
of offering, giving, promising, granting, or being committed to give any valuables or benefits (“bribery”) to a public official, government agency, private entity or responsible individual, whether directly or indirectly, to induce favorable actions or to restrain the person or entity from performing their duties or to commit illegitimate actions. This also includes demanding, obtaining, or agreeing to obtain any illegitimate valuables or benefits for oneself or others to induce favorable actions or to restrain the person from performing either legitimate or illegitimate duties. The exceptions are for instances allowed by law, rules, announcements, regulations, local customs, or customary business practice.

In implementation of the Bank’s Anti-Corruption Program, the Bank requires its directors, executives and employees, and also its representatives, agents, advisors, outsourced service providers as well as business partners, to act appropriately and in compliance with applicable laws. In addition, the Bank requires that the implementation of the Anti-Corruption Program be appropriately communicated via the Bank channels and operations.

Those who do not adhere to the Anti-Corruption Program may ultimately be punished by dismissal or termination of contracts. Violation of laws will be subject to legal process or actions in accordance with applicable laws.

The Bank encourages companies in its financial business group to implement anti-corruption undertakings in line with it Anti-corruption Policy and Program in an adaptable manner suited to the situation of each company. The Bank will establish channels and processes as well as co-ordinators for communications as deemed appropriate.

In 2014, Bangkok Bank proudly celebrated its 70th anniversary. Our success and development have been based on our business and management philosophy of honesty, transparency and corporate social responsibility in accordance with good corporate governance practices.

Under the constantly changing circumstances, the increase of the relevant rules and regulations as well as the movement and the campaigns in relation to anti-corruption by the global community, Bangkok Bank, as Thailand’s leading financial institution with branches and subsidiaries across Asia Pacific region and in the world’s financial centers, realized that it has become more and more important for businesses to operate in a transparent manner without any involvement in corruption activities in accordance with principles of good corporate governance.

The Bank has joined Thailand’s Private Sector Collective Action Coalition against Corruption and set up an anti-corruption policy to prohibit directors, executives and employees from requesting or accepting bribes or benefits for corrupt purposes to the benefit of themselves or others. The Bank also supports values of honesty, promotes taking responsibility for individual actions, and encourages all those who have relationships with the Bank (including staff) to join in any actions that help fight corruption. The Bank aims to be an organization that operates in a transparent manner without corruption, and which is not involved in any corruption.

The Bank believes that an anti-corruption policy provides a framework and direction for sustainable development. The Bank expects all relevant individuals and parties to comply with and support the policy.

Bangkok Bank realizes the importance of conducting business with honesty, transparency and social responsibility in accordance with good corporate governance. The Bank has joined Thailand’s Private Sector Collective Action Coalition against Corruption and set up an anti-corruption policy to prohibit directors, executives and employees from requesting or accepting bribes or benefits for corrupt purposes to the benefit of themselves or others. The Bank also supports values of honesty, promotes taking responsibility for individual actions, and encourages all those who have relationships with the Bank (including staff) to join in any actions that help fight corruption. The Bank aims to be an organization that operates in a transparent manner without corruption, and which is not involved in any corruption.

As part of its determination to fight corruption, the Bank has established an anti-corruption program and best practices in line with the current overall environment and relevant laws. The Bank displays its anti-corruption policy on its website and via internal communication channels. Anyone who breaches the policy may be subject to strict penalties of dismissal or cancelation of contract.

The Bank has secure and confidential channels which staff can use to report corruption. This ensures that there is no present or future risk to staff members who make such reports. Staff can report their suspicions or concerns to their supervisors or the head of compliance. The Bank will hear all such reports with transparency, care and fairness and subject them to a proper investigation, which will be carried out in a confidential manner to ensure staff who make the reports will have their identities protected both during and after the investigation.

The Bank’s counterparties and members of the public can also report improper behavior which may breach the anti-corruption policy to the company secretary or to the compliance unit. The Bank will hear all such reports with transparency, care and fairness and subject them to a proper investigation, which will be carried out in a confidential manner to ensure staff who make the reports will have their identities protected both during and after the investigation.

The Bank believes that its anti-corruption policy provides a framework and a direction for sustainable development and expects all those who have a relationship with the Bank (including staff) to accept and support the policy.

1. Objective

Bangkok Bank has established this Anti-corruption Policy to indicate a direction and framework for its anti-corruption undertaking in accordance with principles and best practices generally accepted as being relevant to the country’s economic and social environment as well as the financial institution business.

The Bank encourages the adoption and implementation in an adaptable manner of this Anti-corruption Policy by companies in its financial business group suited to the specific situation of each company.

Directors, executives, employees, and relevant parties are required to adhere to and practice this Anti-corruption Policy in doing business to promote the Bank as an organization with good and efficient business management under a code of conduct and business ethics. 

2. Anti-Corruption Policy

(1) The Bank prohibits directors, executives and employees from committing corruption.

(2) The Bank supports the values of honesty and responsibility in performing duties.

(3) The Bank encourages all its concerned parties to have the required understanding and realization, and to co-
     operate in any actions that help fight corruption.

(4) The Bank is determined to be an organization with transparency which is corruption-free and is never involved in 
     any corruption.

(5) The Bank has established an Anti-corruption Program suited to specific situations and relevant laws.

(6) The Bank will treat its employees fairly and has established procedures to penalize personnel committing
     corruption or violating or failing to comply with the anti-corruption measures. The Bank will take actions in
     accordance with the established procedures to investigate and levy disciplinary punishment on employees at fault
     relating to corruption matters. 

3. Operational Guidelines

The Bank has included anti-corruption operational guidelines in its Code of Conduct and Business Ethics to the effect that the Bank opposes corruption and will never commit bribery for business gain. The Bank will co-operate with and support the anti-corruption measures of government and the private sector. The Bank will not solicit, accept, or agree to accept cash, gifts or other benefits from customers or other parties, except in the case of customary practices. The Bank will co-operate with the government and private sectors in exchanging useful knowledge and experiences in anti-corruption and in joining anti-corruption activities. The Bank aims at and is committed to cultivating value in concerned parties so that they continue to co-operate on anti-corruption undertakings, and are determined to put into practice the Anti-corruption Program.

Bangkok Bank recognizes that understanding and cooperation between the Bank and various groups of stakeholders are crucial to achieving sustainable development. Therefore the Bank has policies and guidelines in place so that various groups of stakeholders can report any suspicions and queries related to corruption. The Bank will hear all such reports with equity transparency, care and fairness and subject them to a proper investigation, which will be carried out in a confidential manner to ensure staff who make the reports will have their identities protected.

The Bank will ensure that no employees shall be demoted, penalized or be otherwise affected because they honestly decline to participate in corruption. Furthermore the Bank shall proceed to take disciplinary actions against employees who violate or fail to comply with this policy.  Such violation may ultimately lead to dismissal or disciplinary sanctions.

Channels of Communication between the Bank and Various Groups of Stakeholders

Various groups of stakeholders can raise their concerns, file complaints, and report suspicions regarding corruption by sending a letter to the Bank’s Corporate Secretary or compliance unit at 333 Silom Road, Bangrak District, Bangkok 10500.

Channels of Communication between the Bank and its Employees

Any employee can raise its concerns, file complaints and report suspicion regarding corruption by sending a letter to its supervisor or the head of compliance.

Thailand’s Private Sector Collective Action Coalition against Corruption Council meeting resolved that Bangkok Bank Public Company Limited be certified as a member of “Thailand’s Private Sector Collective Action Coalition against Corruption”.
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