Code of Ethics
OWF Holdings has enacted and is committed to implementing the Code of Ethics and Code of Conduct for its employees by adopting reliability and transparency as its basic operating principles. Executives and employees will enhance the company through change and innovation, practicing transparent, responsible, and integrity management with a well-prepared corporate vision. This Code of Ethics is established to fulfill our responsibilities to customers, shareholders, and local communities, and contribute to national and social development.
Standards for Thinking and Behavior of Executives and Employees
(1) Basic Ethical Principles
● With pride as OWF Holdings members, employees protect the honor and credibility of the company through proper attire, behavior, language, and self-management.
● Employees work honestly and fairly, keeping promises and upholding high ethical values.
● Employees observe company regulations and legitimate instructions, while superiors maintain fairness to harness organizational unity.
● All employees must understand and comply with the Code of Ethics, reporting and taking responsibility for any violations.
(2) Mission Fulfillment
●Employees comply with all laws, regulations, company policies, and principles, recognizing their missions and carrying out duties faithfully.
● Employees set and strive to achieve progressive business goals, taking responsibility for the results.
● Employees handle tasks professionally, preventing and taking responsibility for any insolvency.
● Employees respect creative ideas and actively communicate with colleagues and departments.
● Employees continuously improve their abilities to enhance work efficiency
(3) Transparency in Management
● Employees accurately process and report facts, sharing important information.
● Employees perform duties transparently and in accordance with principles, striving to reduce costs.
(4) Separation between Public and Private Interests
● Employees protect company assets and information, avoiding personal gain from company resources.
● Employees refrain from illegal activities, including giving or receiving money or valuables.
● Employees manage working hours efficiently, avoiding personal work during work hours.
● Employees do not engage in improper financial activities with colleagues or customers.
● Employees avoid conflicts of interest, including embezzlement or breach of trust.
(5) Constructive Lifestyle
● Employees save company resources and avoid extravagance and waste.
● Employees refrain from unethical or illegal activities, including gambling and harassment.
(6) Creating a Pleasant Work Environment
● Employees maintain a safe and clean work environment, respecting each other and preventing accidents.
(7) Protection of Trade Secrets and Intellectual Properties
●Employees protect company information and intellectual properties, avoiding unauthorized disclosures and infringements.
●Whistleblowers reporting unethical activities that save the company money will be rewarded following an investigation.
Responsibilities and Obligations of the Company
(1) Responsibilities and Obligations to Customers
● Employees prioritize customer needs, providing the best services and products promptly.
● Employees pursue mutual development by meeting customer expectations and responding to feedback.
● Employees protect customer assets and intellectual property rights.
(2) Responsibilities and Obligations to Shareholders
● The company protects shareholder rights and interests, aiming for long-term, stable profits.
● The company provides reliable information for investment decisions and maintains transparent accounting practices.
(3) Responsibilities and Obligations to Employees
●The company treats employees with dignity and respect, supporting their development and providing equal opportunities.
● The company ensures a fair and safe working environment, fostering creativity and autonomy.
(4) Responsibilities and Obligations to Suppliers
● The company maintains transparent and fair transactions with suppliers, supporting mutual development.
(5) Responsibilities and Obligations to Competitors
● The company competes fairly, respecting competitors and market mechanisms.
(6) Responsibilities and Obligations to the State and Community
● The company complies with all local and international laws, respecting cultural and social values.
●The company actively participates in community development, environmental protection, and avoids political involvement.
Supplemental Provisions
(1) Enforcement Date: The Code of Ethics shall come into effect from April 20th, 2021.
(2) Ethical Practice Guidelines: A separate code of conduct for employees is established and operated.
(3) Relationship with Other Regulations: The Code of Ethics takes precedence over other company regulations.
(4) Interpretation: The Ethics Management Secretariat’s interpretation and decision prevail in case of disputes.
The new financial paradigm is prosperity through commerce and sound fiscal responsibility for mutual sovereign benefit where the population of the world become interdependent and embrace cooperation.
