Furthermore, the Board of Directors has been informed of the GC’s insider information policies and practices through e-Mails sent by the Company Secretary. In 2023, no Directors, Executives, or relevant employees violated such policies and practices. In addition, it was not found that any Directors or Executives traded securities dur ing GC’s blackout per iod. Changes in the shareholding of the Board of Directors, Executives, their spouses, and their minors appear under “Board of Directors” and “Executives.” Prevention of Conflicts of Interest GC prioritizes the interests of the Company and its stakeholders in its business operation as an important policy and has thus established best practices to demonstrate its commitment to transparency and accountability. Under these practices, it is the duty of GC’s Directors, Executives, and employees at all levels, including related persons and people with business relations, to avoid involving in a conflict of interest or acting in such a manner that may bring about a conflict of interest. In case such avoidance is impossible, responsible units must supervise the transaction to ensure its transparency for the best interests of the Company. GC has established standards and guidelines for delivery of duties and engagement in activities that may involve stake or conflicts of interest, as follows: 1. Refrain from any action that will cause one to have stake or conflicts of interest with the Company, such as by contacting with trade partners of the Company, exploiting an opportunity or information received in one’s capacity as an employee for personal benefits, operating a business which competes with the Company, and engaging in external work in a manner that affects the work in their purview. 2. In case the Company’s employee or its related person must enter a transaction with the Company for the benefit of the Company, the undertaking of such transaction must be on an arm’s-length basis with normal commercial terms. 3. The consideration and disclosure of any stakes, connected transactions, or conflicts of interest must be carried out strictly and carefully in accordance with applicable laws and regulations of the Security and Exchange Commission and the Stock Exchange of Thailand, whereby the Director, Executive and/ or employee having conflicts of interests must be excluded from the review of the transaction. If it is necessary for such person to provide information and details to supplement the review, such person shal l not vote nor give any opinion in the consideration for the approval of such transaction for the sake of the independence of the review. 4. A business transaction must be carried out with honesty, integrity, reasonability, and independence within the scope of corporate governance and in the best interest of the Company. 5. In the event of an undertaking or circumstance that may cause or deem to give rise to conflicts of interest with the Company, the aforesaid transaction must be reported using the form speci f ied by the Company and f i led to the supervisor through the chain of command and to Corporate Governance Department of PTT Global Chemical Public Company Limited or must be reported through the electronic system designated by Corporate Governance Department without delay in order to initiate a review process to determine whether conflicts of interest against the Company are involved and what further process should involve. In addition, GC places importance on reporting, regardless of the possibility of the incidents leaning towards involving conflicts of interest, and has required the submission of annual reports as well as reports of any conflicts of interest arising during the year. GC’s activities for the prevention of conflicts of interests in 2023 are summarized below: GC conducted fol low-ups and successful ly achieved 100% submission of annual conflict of interest disclosure reports by GC Groups’ Executives and employees through its intranet system. GC conducted fol low-ups and successful ly achieved 100% submission of annual conflict of interest disclosure reports by its directors using its conflict of interest reporting form. Ensuring that the Directors and Executives under the definitions as prescribed in the Notification of the Capital Market Supervisory Board declare the 202
RkJQdWJsaXNoZXIy ODg4NTI=