The Bank’s guidelines for business partners: The Bank establish Procurement policy that sets out the criteria for selecting partners who incorporate the social and environmental issues as their consideration. The Bank has set out guidelines for employees responsible for procurement, employment, leasing and hire purchase as follows: 1. Procurement officers and those related to procurement process shall perform duty impartially, honestly, independently and transparently regarding contact and coordination with suppliers, The supplier list and information related to the bidding shall not be disclosed to other parties except for the public information of the supplier. 2. Procurement officers and relevant persons, including their direct family members, who have direct or indirect interest with procurement and employment, for example, employee, director, partner or advisor of the sale company, shall not participate in considering the specific procurement whether there is remuneration or not. The Bank has provided the in-house training regarding NO GIFTS POLICY to encourage the transparency. 3. Procurement officers and relevant persons, including their direct family members, should not be the one borrowing from or lending to the existing suppliers or suppliers who are making an offer to the Bank. 4. Procurement officers and persons related to procurement shall prepare self-declaration when the person related to procurement receives is considered under the selection process. This is to promote the transparency and avoid any conflicts of interest or corruption issues. The Bank’s guidelines for selection partners: For selection partners, the Bank will consider type of goods or services, expertise and experience of business, financial status, history of business, faithfulness and experience of executive management, and information of goods’ safety. 1. Selection process involve in the due diligence and KYC shall ensure that all candidates have the complete qualifications and the bank shall review and screen the supplier list regularly every 6 months to ensure that the bank has the proper supplier list with the good record according to the bank policy especially the Anti-Corruption and align with the Thai Private Sector Collective Action Coalition: CAC. 2. The bank also screens the supplier to ensure no conflict of interest issue between the supplies as well as the bank’s officer. 3. The procurement committee is appointed to validate the supplier at a specified value of the transaction. The committee also certified the supplier selection is transparent arranged. The supplier contract is usually review by Legal department for fairness of both the bank and the suppliers. Policy for Creditors The Bank has policy to honor and strictly conform to contact and commitment with creditor includes condition, guarantee, cash management, not default of debt, and other matter that has made agreement with creditors. Loan and interest repayment are completely and timely made to all creditors. Loan condition are rigorously complied with and no misuse of the loans is allowed. 169 Form 56-1 One Report 2021
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