Governance & Economic

ANTI-Corruption

WHA Group strives to empower all employees to act with integrity in order to make a positive impact throughout the Group's business operations. All forms of corruption are considered unacceptable practices, therefore, WHA's anti-corruption policy was established and updated to obviously and vigorously protect against corruption, and it was enforced to all employees, suppliers, contractors, subsidiaries and joint ventures. The Policy's objective is to prevent misuse of power, to prohibit any form of fraud or bribery, and to operate a business in a lawful manner. As a result, the Company's anti-corruption stance is fully encapsulated in the Group's Code of Conduct and Anti-Corruption Policy.

WHA Group provide a training program to all employees in order to communicate the Anti-Corruption Policy. There have been 1 Anti-Corruption trainings in 2021 through a “self-learning program” for current employees via the Group's SharePoint System, with 100 % of employees participating.

Regarding that, the Audit Committee was established to oversee and ensure that WHA Group's performance is in accordance with the enforced policy. The Committee is charged with monitoring and mitigating risks from illegal activities and any fraudulent actions, as well as preventing corruption within the Group. In addition, the Internal Audit Office is established to assess potential corruption risks and devise mitigation measures. The scope of work of the Internal Audit Office extends to external stakeholders, including the Group's interactions with customers and business partners.

WHA Group provide a training program to all directors through the director orientation program in order to communicate the Anti-Corruption Policy. There are 4 new directors have been trained the Anti-Corruption Policy in the year 2021, resulting in 100 % of directors have been communicated this policy.

WHA Group remains a certified member of Thailand's Private Sector Collective Action Coalition Against Corruption (CAC) of the Anti-Corruption Organization, demonstrating its commitment to anti-corruption and bribery for business interests (Thailand). WHA Corporation Public Company Limited has been certified by the Thai Institute of Directors (IOD) since 2014 and recertified on June 30, 2020; WHA Utilities and Power Public Company Limited (WHAUP), the subsidiary, has been certified by IOD since 2019. Furthermore, in November 2021, the Group recommunicated to managing directors, suppliers, and business partners about the “No Gift Policy” in order to elevate good corporate governance practices and standardize transparency throughout all business operations. The WHA Group's No Gift Policy is available at this link

WHA Group has established anti-corruption policies and practices, including guidelines of practice for accepting articles or giving articles or any other advantage, guidelines of practice for charitable donation or support money, guidelines for entertainment, guidelines for political assistance, and guidelines for procurement, as well as various matters related to separating policies and guidelines from the Code of Conduct.

When an employee breaches the rules, regulations, orders, practical rules, or minor flaws that are intended for the employee who can improve, they will get a verbal warning with a file record that is used for a first light offense.