Introduction of Certification Process of Thailand’s Private Sector Collective Action Coalition...

Introduction of Certification Process of

Thailand’s Private Sector Collective Action Coalition Against

Corruption

Enterprise with IntegrityEnterprise with Integrity

Role of CAC in Anti-Corruption

Collective Action is the cooperation of people of good will who agree to push for change for public good, which no one could

achieve aloneThis is ideal for anti-corruption as no one can solve the problem

without cross-sector helpThailand’s private sector Collective Action Coalition aims to work

towards key goals: 1) A change in attitude leading to a refusal by companies of corrupt

practices; 2) Changes in the way the public sector works through policy

advocacy 3) Promote a corruption free business environment through

enlarging CAC network


Key points for Certification Promote the integrity of doing business in ThailandCorporate culture of integrity & performanceStrengthen corporate brand & reputationCreate a level playing field for the industryAttract and retain high-quality staffsAttract and retain long-term investors

2.2.Certification ProcessCertification Process2.2.Certification ProcessCertification Process

11. Submit a signed Declaration12 Self-declare

no corruption21. Fill Self Evaluation Tool

22. Verified by Audit Committee or External Auditor

23 Submit to CAC Council for approval

2.4 CAC council will consider quarterly

1.1.

JoininJoiningg

PassPass

Not Pass

Not Pass

Certified Member

Improvement suggestionImprovement suggestion

Review every 3 years

Review every 3 years

Improvement Improvement within 3 Monthswithin 3 Months

Improvement Improvement not successnot success

Declaration Declaration MemberMember

Declaration Declaration MemberMember

Certification ProcessCertification Process


About Self Evaluation Toolo The Self Evaluation Tool has

been adapted by The IOD and Price Waterhouse Coopers (PwC) with the development and translation to be suitable for the stage of development in Thailand and for all sizes of companies.

o Developed along the line of the Self Evaluation Tool used by Transparency International as the framework of the “Business Principles for Countering Bribery”


o In addition, it is toned down to provide Yes and No answers with no judgments needed.

o The questionnaire comprises of 71 sections in total, 58 of which are mandatory for the companies to comply with.

o In addition, it is toned down to provide Yes and No answers with no judgments needed.

o The questionnaire comprises of 71 sections in total, 58 of which are mandatory for the companies to comply with.

About Self Evaluation Tool


Before Submit to IOD;A. Company fill Self

Evaluation Tool with “Yes” and provide clearly Evidence reference in all 58 mandatory questionnaires. .

B. Chairman of the “Audit Committee” (SEC Criteria for Audit Committee) or “External Auditor” verifies that a system has been put in place in accordance with the Self Evaluation Tool . The verification report is made to the BoD and the IOD.

Certification Process


C. Where companies choose to engage external auditors, they must be those already engaged by the company to audit its accounts or other auditors in the list maintained by the Securities Exchange Commission (SEC).



D. Work of the auditor is based upon “agreed upon procedure” with scope of work/standard wording drafted by the IOD

Submission to IOD;E. Company submit Self

Evaluation Tool , endorsed by the board of directors and signed by Chairman of BoD and Chairman of Audit Committee along with a separate auditor report to IOD.



F. IOD makes a submission to the CAC council for certification approval on a quarterly basis.

G. CAC council will consider the request within a month after the end of quarter.

H. Next Verification by the Audit Committee or external auditor will take place every three years.



Noted: In case of incidents such as corruption-related news, legal cases, or investigations involving companies applying to join the CAC or certified members, they are obliged to disclose relevant information to the CAC Council immediately and they are to comply with practices indicated in “Screening process for companies joining the CAC in case they indicate that they are involving in any legal case and/or investigation by any state agency or regulator and/or news related to corruption”.


Introduction of Certification Process of Thailand’s Private Sector Collective Action Coalition...

Documents

Transcript of Introduction of Certification Process of Thailand’s Private Sector Collective Action Coalition...