Page 43 - Charn Issara Development Public Company Limited | Annual Report 2014

Annual Report 2014 41
announcement of operating results (financial report). This insider
information includes any information which has a material effect
on the movement of stock price. The time frame for disclosure of
financial report is 45 days from the end of quarter and 60 days from
the end of accounting period. In addition, the Company has required
its management to prepare a report on stock holding in the Company
including those of spouse and minor children. Such report must be
submitted to the Security and Exchange Commission as follows:-
1. Report on initial stock holding (Form 59-1) within 30 days from
the date of closure of public offering or the date of appointment
to Director or management.
2. Report the change of stock holding (Form 59-2) as a result of
buying, selling or receiving transfer of stock within 3 working
days from the date of buying or selling, transfer or receiving
transfer of such stock.
In addition, all management is required to submit one copy of
the stock holding report to the Company for reference keeping
on the day of submission the same to the Security and Exchange
Commission. The Company has no penalty for management who
breaches this policy but will co-ordinate with the governing authority
to take due legal action.
4. Connected transaction
4.1 The Company requires the Director who has interest in
connected transaction to report such connection and
report the same in the minutes of meeting.
4.2 The Company requires the Director who has significant
interest which will prevent such Director from giving an
independent opinion to refrain from taking part in the
consideration of the agenda.
Chapter 3 Roles of Stakeholders
The Company has a policy to treat each group of stakeholders in
consideration of their legal right or in accordance with an agreement
made with the Company. It shall refrain from any conduct which
violate the right of those stakeholders and shall also set out measure
to compensate those who have been affected by such violation
of rights.
The Company pays attention to the participation of stakeholders
in the contribution to the Company’s operating results in order
to strengthen the business. There will be adequate disclosure of
related information to those stakeholders to enable an effective
participation. In addition, the Company has a measure to report any
legal violation, accuracy of financial report, deficient internal audit to the Company including financial information and non-financial
system and unethical conduct to the Board of Directors through
different channels. The company will protect the source of that
information and treat it as a confidential.
Charn Issara Development Public Company Limited
The Company has a social responsibility policy particularly for those
issues related directly to the Company’s operation. To ensure
all concern parties that the Company is conscious on social and
environmental factors for sustainable development the following
guideline for operation are adopted:-
1. Policy towards stakeholders
1.1 The Company has a policy towards each group of
stakeholders as follows:-
1.1.1 Set up a scope of responsibility towards customer in
health, safety and compensation in the use of or
receiving services from the Company during
warrantee period.
1.1.2 Process and operational procedure in selecting
supplier or contractor.
1.1.3 Adopt a systematic operation to ensure that the
Company’s value chain is environmentally friendly
as well as support the sustainable and regular
development.
1.1.4 Create a good public relation with the community
where the Company or its project locates.
1.1.5 The Company has a project and direction to tackle
corruption including a support given to any activity
that foster and educate all staff to be abided by laws
and related regulations.
1.1.6 Has an operational procedure not to infringe the
creditor’s right
1.1.7 Treat all staff and employee with fairness and
justice including arranging for a continued training
and development of staff.
1.2 The Company has arranged for receiving channel for
petition from stakeholder as well as managing those by
putting up procedures and channel on the Company’s website.
2. A disclosure of operational compliance with the policy and
arrange the report on social responsibility.
2.1 The Company has disclosed all activities in relation to
corporate social responsibility and encouraged its staff to
involve in those activities for the sustainable development
of the Company.
2.2 The Company has arranged to report the sustainable
corporate social responsibility in the Company’s Annual
Report.
Chapter 4 Disclosure and Transparency
The Company has a policy to disclose important information relating
information with accuracy, completion, timely and transparency
through channel of the Stock Exchange and the Company’s website.