The anti-corruption policy was implemented to establish clear guidelines and practices to prevent corruption at the company and its subsidiaries in Thailand and other operating countries, while promoting anti-corruption values throughout AWC’s organizational culture. AWC believes in integrity, transparency, and being ethical and in compliance with laws and the Code of Ethics which makes clear that employees are strictly prohibited from engaging in any form of corruption, paying bribes, or seeking any form of unjustified benefit.
CAC Declaration of Intent
Thailand's Private Sector Collective Action Coalition Against Corruption (CAC) was founded in 2010 by the country’s 8 leading private sector organizations (such as the Thai Chamber of Commerce, Federation of Thai Industry, IOD) as a joint force to tackle corruption via collective action. The CAC was designed to be a platform for companies in Thailand to tackle corruption on a voluntary basis through collective action. The CAC promotes the implementation of effective anti-corruption policies in order to create a clean business ecosystem. It has developed a unique certification program which helps companies put in place strong anti-corruption compliance standards. The CAC also assumes an advocacy role in graft-fighting on behalf of the business sector.
Corruption is one of the main obstacles to a sustainable economy, so if the key players in the industry adopt no corruption business practices, it would significantly change the overall business landscape. As one of Thailand’s top organizations, AWC decided to also take part in this collective action by demonstrating that we will not tolerate any form of corruption. Joining the CAC not only benefits AWC but society as a whole, helping uplift the standard of our society and our country for a sustainable economy which will benefit all stakeholders.
With clear direction from the Board of Directors of the Company, AWC declared its intention to participate in the Private Sector Collective Action Against Corruption (or CAC) on November 19, 2020. On September 30, 2021, AWC was certified as a member of the Thai Private Sector Collective Action Coalition Against Corruption. Currently, we are working on ensuring that our policies/procedures align with the anti-corruption framework and practices and that communication is cascaded to all levels within the organization and relevant third parties as appropriate.
Asset World Corp Public Company Limited is committed to Building a Better future by adhering to operating under the principles of good corporate governance and anti-corruption for sustainable growth. The Company has also announced the intention to become a member of The Thai Private Sector Collective Action Against Corruption (CAC) since 19 November 2020.