CODE OF CONDUCT The Board of Directors’ Meeting Ref. 5/2016 on 21 June 2016 resolved to approve the new Code of Conduct as the best practice guideline for directors and staff, effective from 21 June 2016 until further notice. The 2005 Code of Conduct of Directors and Code of Conduct of Staff are terminated. The Code of Conduct is prepared in accordance with good corporate governance principles for the benefit of the Company, shareholders, directors, staff and other stakeholders. It comprises 14 sections as follows: Section 1 Human and Labor Rights Section 2 Environment, Health and Safety Section 3 Anti-Corruption Section 4 Gifts and Entertainment Section 5 Conflict of Interest Section 6 Involvement in Political Activities Section 7 Information and Property Section 8 Disclosure of Information and Communication Section 9 Transaction of LPN Section 10 Trade Competition Section 11 Anti-Money Laundering Section 12 Code of Conduct of Directors Section 13 Code of Conduct of Staff Section 14 Receipt of Complaints and Whistleblower Protection
Code of Conduct L.P.N. Development Public Co., Ltd. Definition
Code of Conduct of LPN Group refers to the good practice for business operation of LPN Group, hereinafter referred to as “Code of Conduct.” Company refers to L.P.N. Development Public Co., Ltd. LPN Group refers to 1. L.P.N. Development Public Co., Ltd. 2. Subsidiary companies of L.P.N. Development Public Co., Ltd. Subsidiary company refers to companies or juristic persons in which L.P.N. Development Public Co., Ltd. directly or indirectly holds more than 50% of shares with voting rights. Director refers to directors of L.P.N. Development Public Co., Ltd. Executive refers to LPN’s Managerial staff at Level 5 and higher Staff refers to staff of LPN Consultant refers to persons who are not staff and are appointed by the Board of Directors or executive directors of the Company Stakeholder refers to persons who are involved with LPN such as directors, staff, shareholders, customers, competitors, creditors, society and environment. Misconduct refers to any actions that violate laws, rules or regulations and are done for the benefit of oneself or others. Corruption refers to any types of bribery such as an offer or promise on money, asset or other inappropriate benefits from the government officers, government sectors or private sectors so that such person could proceed or disregard his/her function in order to acquire, retain the business or achieve any improper benefits in business transactions.
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ANNUAL REPORT 2019 THE BETTER BALANCE
