122 Good Corporate Governance Principles and Code of Business Ethics (Edition 2022) Following are the guidelines for cash collection or payment: 11.1 Cash collection from customers, companies or other individuals 1) All cash received must follow the terms of the business contract and must always be reconciled with the accounting record. Receipts must be issued as an evidence by the finance unit. 2) The Personnel must not grant, offer, accept, or request for financial benefits or any forms of compensation from the debtor so as to delay the due date, decrease the debt amount for the debtor, to request the debtor to make payment earlier than due date, or other actions that would negatively impact the Company. 11.2 Cash payment to creditors, companies, or other individuals 1) All cash payments must be reviewed and recorded by the accounting unit to ensure that they are correct and aligned with terms of the business contract. Should there be any inappropriate transactions, the Personnel shall notify the supervisor to determine precautions and correction measures that are in line with accounting principles and laws. 2) All payments must be approved by the authorized persons in each level following the Company’s Table of Authority. Payment evidence in accordance with relevant laws must be recorded. 3) The Personnel shall treat all creditors or payees equally and make payments according to the appropriate business term. There shall not be biases or discrimination against any. 4) The Personnel must not grant, offer, accept, or request for undeserved financial benefits or other forms of reward from creditors or payees so as to expedite the Company’s payment, request for a delayed due date, or other actions that would negatively impact the Company. 11. Accounting and Finance
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