In 2012, SCG won several awards from Corporate Governance Asia and Alpha Southeast Asia, two leading Asian magazines, as follows:
Two awards from Corporate Governance Asia magazine
1. “The Best of Asia Recognition Award 2012,” along with 10 other Thai listed companies.
2. “Asian Corporate Director Recognition Award” for Mr. Kan Trakulhoon, President & CEO of SCG, along with five other directors of Thai listed companies.
Five awards from Alpha Southeast Asia magazine
1. “Most Organized Investor Relations” (Ranked 2nd)
2. “Strongest Adherence to Corporate Governance” (Ranked 2nd)
3. “Most Consistent Dividend Policy” (Ranked 3rd)
4. “Best Strategic Corporate Social Responsibility” (Ranked 2nd)
5. “Best CFO in Thailand” for Mr. Chaovalit Ekabut, vice president-finance and investment & CFO of SCG.
In addition, SCG won a rating of “Excellent” in the Thai Investors Association’s 2012 Annual General Meeting Checklist survey (AGM Checklist). The Thai Institute of Directors gave SCG an “Excellent CG Scoring” in the 2012 Corporate Governance Report on Thai Listed Companies. On top of this, the Company received a Stock Exchange of Thailand award in 2012 - the special “SET Award of Honor in Best Corporate Social Responsibility” for the fifth consecutive year.
Anti-corruption Efforts
SCG conducts business with adherence to ethics and responsibility for all concerned parties. The Company’s business ethics and the employee code of conduct were compiled and published under the name SCG Code of Conduct in 1987 to provide practice guidelines in compliance with SCG’s business philosophy.
On countering corruption, the Company has signed a Declaration of Intent of the Thai Institute of Directors’ Private Sector Collective Action Coalition Against Corruption, whereby SCG’s president vowed to adhere to the Coalition’s aim to fight corruption in all forms. To that effect, the Company assessed risks associated with corruption and prepared itself for self-assessment on anti-corruption measures. In addition, SCG took many other efforts to prevent possible corruption and fraud as follows:
1. As part of the SCG Code of Conduct, the Company has guidelines on transactions with government, which stipulate that when dealing with public officials or agencies, all matters should be handled correctly and honestly. SCG’s guidelines forbid handling transactions in any way that would persuade a government official or agency to do something wrong or inappropriate. The guidelines mandate employees to bear in mind that laws, regulations, customs and traditions in each locality may involve different conditions, procedures or practices. Where there is a need to employ a foreign government officer as SCG’s consultant or employee, which requires compliance with the applicable law of the land or locality, this should be carried out under transparent and appropriate conditions. Any violation or breach of this Code of Conduct can result in disciplinary action in accordance with the Company’s regulations or criminal charges if such misconduct is a criminal offense.
2. The Company has established notification channels for reporting any misconduct, fraudulent act or corruption and provides protection and remedies for any person who files a complaint or cooperates in the investigation of the charge (“The Whistleblower Policy”).