Objectives
KASIKORNBANK PUBLIC COMPANY LIMITED (“the Bank”) is committed to conducting business with transparency, integrity and compliance with regulatory requirements as well as good corporate governance practices. Since integrity is key to a sustainable reputation and business prosperity, the Bank has established this Anti-Corruption Policy as an operational guideline.
Duties and Responsibilities
- The Board of Directors approves the Anti-Corruption Policy and supervises the Bank’s operations.
- The Corporate Governance Committee promotes compliance with the Anti-Corruption Policy.
- The Bank and related parties at all levels act in compliance with the Anti-Corruption Policy, as well as toward the Bank operational procedures, relevant regulatory requirements, our Statement of Business Conduct and Code of Conduct.
Operational Guidelines and Scope
The Bank places considerable emphasis on anti-corruption as follows :
- Bribes and Inducements
It is prohibited to offer or receive any form of bribe, inducement or facilitation payments that may lead to unethical conduct or may ensure that any person will perform an action or accelerate an action under the authority and duties of such person; and it is prohibited to direct anyone else to conduct such an act on one’s behalf. - Gifts and Benefits
It is prohibited to offer or receive any gift or other benefit in exchange for doing, or refraining from doing, one’s duties or doing unethical conduct aimed at gaining personal benefit, or for entering into inappropriate business settlements. Strict compliance with the Code of Conduct is required. - Charitable Contributions and Financial Sponsorships
Charitable contributions and financial sponsorships must be transparent and conform to laws and moral principles. - Political Contributions and Activities
The Bank’s funds shall not be used to make contributions to any political campaign or the activity of any politician or political party, except for contributions that are permitted by laws and in support of democracy overall. The Bank’s specific permission is required for such contributions.
Risk Management
The Bank has put in place risk management systems to avoid unethical conduct aimed at gaining personal benefit to ensure that this risk can be controlled and prevented. Unethical conduct shall be identified, assessed, controlled and monitored, and reported per the Bank’s risk management policies and practices.
Internal Controls
The Bank has put in place good corporate governance principles and an internal control culture where there are assessments of significant risks, effective control activities and appropriate segregation of duties. An adequate and reliable information system has been put in place, as well as regular monitoring of internal control.
Human Resource Management, Communications and Training
The Bank has focus on effective human resource recruitment and management, conflicts of interest prevention, and knowledge-based communications for staff and regular training on our Anti-Corruption Policy, as well as on related operational guidelines, to promote genuine understanding toward this policy and compliance with it.
Nomination of State Officials to Hold Positions in the Bank
The Bank has established a nomination process to select state officials to the positions of the Bank’s directors and executive directors to prevent conflicts of interest. Such persons must possess the qualifications in accordance with applicable laws, and the criteria of bank-governing authorities and that of the Bank.
State Official means a person holding political position, a high-level government official and a local administrator.
Receiving Information or complaints
The Bank has provided receiving information or complaint channels for submittal of such information to the Board of Directors. To ensure transparency and fairness, an independent unit shall be responsible for investigating the adequacy and appropriateness of processes as concerns the information that has been received.
Punishment
Infringements of, or any failure to comply with this Anti-Corruption Policy shall be deemed as a breach of the Bank’s directives and / or regulatory statutes, which may result in a disciplinary action as established by the Bank.