The code of practice for the directors of Charoong Thai Wire
and Cable Public
Company Limited (CTW) is to be considered the best
practice guideline for their
conduct while holding a director of the
1. Compliance with
the Laws and CTW’s regulation
Directors must conduct their duties honestly, comply with all laws,
the objects and
the articles of association of CTW, and the resolutions
of any shareholder meetings
in good faith, and with care to preserve
the interests of the CTW.
All confidential information must not be used for the personal benefit
individual(s). Directors of CTW must safeguard confidential
in the normal course of business. This duty
of protecting the confidentiality of CTW
information continues even
after directors resign or cease to be director of CTW.
and Accuracy of CTW’s Records
CTW’s business records are depended upon to produce reliable and
reports to the management, shareholders, customers, governmental
others. All official records of CTW’s business must
be accurate, honest and
4. Insider Trading
Any directors who possess any insider information will suspend all
transaction of CTW’s securities either direct or indirect
prior to the submission to
the SET or CTW’s publication of any information
which may materially affect those
securities value. This is to ensure
fairness and integrity in the financial markets,
buying or selling
Directors must not place themselves in positions where their own
conflict either direct or indirect with those of
CTW. Directors’ decisions in the
business must be made solely in
the best interest of CTW.
with Shareholders and other stakeholders
Directors must have accountability to the shareholders and financial
aspect of disclosure, accounting procedure. Directors
must make decision honestly,
fairness for both majority and minority
shareholders, and for all stakeholders’
Directors must build productive relationships with CTW’s customers
integrity, ethical behavior and mutual trust. Directors
and managements must take
care and maximize accountability in aspect
of setting and maintenance products
standard, product quality.
with vendors or creditors
Directors must ensure that the trading practices from suppliers
or vendors are
practically performed, including borrowing conditions
and terms; objective,
repayment, collateral and other commitments.
Directors must ensure that CTW provides a safe, healthy and productive
environment. They also ensure CTW set employment procedures
employment to ensure that CTW employs the person who has
necessary knowledge for the business operations.
with Environments, Communities and Societies
Directors must have a responsibility to environments, communities
and societies to
use theirs resources and maintain environments.
Announce as at September 23, 2005.
(Mr. Chai Sophonpanich)