Orientation for new employees regarding corporate compliance along with GRC integration. Corporate Compliance IRPC is determined to operate its business in compliance with applicable laws, rules and regulations. The company is committed to provide supervisory oversight to ensure smooth and effective operations that meet internationally accepted standards in accordance with the work plan approved by the Corporate Governance and Sustainability Committee. The aim is to drive operational efficiency and effectiveness that live up to stakeholders’ expectation. In 2023, the company has established an operational supervision plan to support the current operations as well as step up preparedness for future endeavors. The Committee also identified goals for the operational supervision plan that corresponds with the prevailing global concept, namely sustainable business development, encompassing environmental, social and governance dimensions (ESG). The company’s operational supervision plan seeks to accomplish the four goals for 2023 as follows: 1. Corporate Compliance Policy In 2023, IRPC conducted a thorough review of the Corporate Compliance Policy in all aspects and found that IRPC should formulate additional policies relevant to specific issues faced by businesses of the company and its subsidiaries to serve as operational supervision framework in accordance with diverse assessment criteria, both existing and new, more clearly-defined ones. Such revision, particularly of policies relating to environmental, climate and tax regulations, will help boost confidence and mitigate risks associated with business expansion. Therefore, the company has announced additional policies as follows: • Qual ity, Security, Safety, Occupational Health, Environment and Energy Management Policy (QSSHE) • Climate Change and Biodiversity Policy • Tax Policy of Companies in the IRPC Group The announcement of these policies enabled IRPC and its subsidiaries to develop operational framework and regulatory compliance framework that are more effective and better aligned with the assessment criteria. As a result, IRPC and its subsidiaries are able to use these policies as operational supervision tool to more effectively reduce the risk of non-compliance. 2. Corporate Compliance Communication In 2023, IRPC implemented a training program consisting of courses on operational procedures to achieve full regulatory compliance as well as training on legal knowledge, company’s policies and regulations, workshop on IT security, intellectual property, fair competition, rules and regulations on merger and acquisition, business operations, finance, trade, investment, anti-money laundering laws, anti-corruption laws, labor laws, including regulations relating to production, sales, transportation, warehousing, environment and safety, occupational health and personal data protection laws, etc. Such knowledge training courses, designed to promote awareness and reduce risk of noncompliance, are part of internal control and supervisory oversight mechanisms to ensure corporate compliance. In addition, IRPC has identified goals, developed work plans, and performance indicators for supervisory oversight to ensure corporate compliance key training courses, such as new staff training course, corporate compliance training for current staff, and corporate compliance training for middle management. This is aimed at building corporate compliance awareness to enable employees to implement self supervised or supervising other people’s performance in their quest to achieve corporate compliance. (Tone from/ at the Top) 216 Corporate Governance Policy IRPC Public Company Limited
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