CODE OF CONDUCT

The Singapore-Thai Chamber of Commerce conducts its operations with honesty, integrity and openness, and with respect for the human rights and interests of its employees. STCC shall similarly respect the legitimate interests of those with whom it has relationships. STCC has a business principle as stated in the following dimensions.

Law

STCC Board of Directors and employees are required to comply with the laws and regulations of Thailand and those of other countries in which they operate.

The Chamber will conduct its operations in a transparent way and in accordance with internationally accepted principles of good corporate governance. Reliable information on its activities, structure, financial situation and performance will be provided timely, regular and to all stakeholders.

Business

Business ethics is a priority. STCC does not give or receive, whether directly or indirectly, bribes or other improper advantages for business or financial gain. No Board member or employee may offer, give or receive any gift or payment which is, or may be construed as being, a bribe.

STCC Board as well as its individual Board members shall always strive to act in the best interest of the Chamber, bearing in mind its collective responsibility for its actions and behavior towards STCC Members and third parties.

STCC individual Board members shall avoid any conflict of interest and shall avoid any perceived or actual conflict of interest by declaring the circumstances to the STCC Board as soon as it arises. STCC individual Board members shall not gain directly or indirectly financially or in any other way from their position as STCC Board member. STCC individual Board members will avoid any relationship or activity that impairs or may impair STCC Board’s ability to make objective, fair and unbiased decisions in carrying out its duties and activities.

Public affairs

STCC and its members promote and defend their legitimate business interests. STCC will co-operate with the governments of Thailand and Singapore and other organizations, both directly and through bodies such as trade associations, in the development of proposed legislation and other regulations which may affect legitimate business interests. STCC individual Board members and employees will at all times make a clear distinction towards its Members and third parties when representing STCC’s interests and when representing their personal interests. STCC neither supports political parties nor contributes to the funds of groups whose activities are calculated to promote party interests.

Employment

STCC will recruit and employ employees on the sole basis of the qualifications and abilities needed for the work to be performed. STCC is committed to safe and healthy working conditions for all employees. STCC respects the dignity of the individual and the right of employees to freedom of association.

Compliance & Sanction

Each Board member will sign this Code of Conduct for acknowledgment upon elected into office. Each STCC employee will annually sign this Code of Conduct upon their performance evaluation. This code forms an integral part of the STCC By-Laws. Failure to comply with any of the Code’s provisions may result in dismissal from The Board and or STCC.