96 Good Corporate Governance Principles and Code of Business Ethics (Edition 2022) 3.9 Not borrow money from individuals under supervision, supplier, trading partner, or competitor company doing business with EGCO and EGCO group, except borrowing from financial institution. 3.10 Not work in company whose business competes with or causes conflict of interest with EGCO Group, both in forms of temporary and permanent employment, except under supervisor’s order. 3.11 Consult with supervisor or Corporate Secretary in case questions arise on conflict of interest, to make sure that such work is in best interest of EGCO Group. 3.12 Related Transaction must be conducted in strictest compliance with rules set by SET and SEC and the Company’s Table of Authority and regulations. When Related Transaction is necessary, EGCO’s interest must be at the center in the approval. All related parties must not be part of decision making. The Management must summarize related transaction details and submit to the Audit Committee and the Board annually to ensure justification, in the best interest of the Company and in line with due process. Example Your relative wants to work with EGCO, through submission of a bid for power plant construction project. What should you do, for your work to be transparent and accountable to your duty and the Company? Advice You must report such relations to your supervisor and the Corporate Secretary prior to the start of the bid consideration. You must not take part in any decision-making related to the bid. ECGO can select and be trading partner with family member of its Directors, Executives and employees, as long as the transaction follows fair trade rules, and free from these persons’ influence.
RkJQdWJsaXNoZXIy ODg4NTI=