ไทยAntitrust Policy
The Company’s Competition Governance Policy and Guidelines
IT City Public Company Limited (the “Company”) Have a policy and commitment to conduct business with integrity. Moral Respect the principles of laws and regulations related to the Competition Law to benefit the Company, shareholders, employees, customers, as well as all stakeholders. In doing business with competitors. Producers, partners, and customers must come from economic principles. Free trade market and fair competition. The business must be done with transparency and fairness by properly complying with the Competition Law. Therefore, the Company has issued policies and guidelines for all departments to strictly comply with the
Duties and Responsibilities
The management team is committed to complying with the law, including the Competition Law, which is a good approach to benefit the Company, shareholders, employees, and stakeholders. Free trade market and fair competition. Therefore, the management team determines the duties and responsibilities. As follows:
Management Team
- Stipulate policies and guidelines for compliance with competition laws in the Company’s business operations without exception.
- Ensure that employees understand the general principles of competition law.
- Establish a responsible person structure, such as responsible agencies or individuals, to oversee and control compliance with the Competition Law.
Responsible Person Structure Duties and Responsibilities
Affiliated Agencies
Communicate and advise the personnel under their affiliation to understand the general principles of competition law. Employees can identify incidents that may have issues related to competition law and recognize their consequences. If they do not comply with the law, they must adhere to all practices, including preventing incidents that may arise related to the Competition Law.
Legal Department
Acting as a guide and coordinate. Contact the Competition Office In the event that the Company and its employees request advice, notification and resolution of incidents and violations of the Competition Law Policy, as well as membership of various trade associations, which can be used as a source of information and exchange of information of entrepreneurs.
Training Department
Serve as training, advice, as well as inform guidelines regarding changing requirements and regulations. Stay up to date.
Internal Audit Department
Periodically inspect the performance of the Company’s employees. In compliance with policies and guidelines on competition regulation.
Guidelines
- All relevant employees are required to attend at least one training on competition supervision as prescribed by the Company. Define
- It is forbidden to have an agreement. These two behaviors may cause the price of goods to rise, or reduce the quantity of goods entering the market, or restrict creativity and technological development, or prohibit mutual agreements or practices to limit competition, as well as the exchange of important information on trade competition.
- Prohibit the establishment of relationships with manufacturers, distributors, and customers to limit trade competition (“Vertical Agreements”), with the following agreements to be aware of:
- Mutual agreements to limit vertical competition (supply chain) to block or exclude other suppliers. An agreement to restrict business entry into the market or restriction of market expansion of competitors in the following manner:
- The determination of the purchase or sale price or any trade conditions, whether directly or indirectly, affecting the price of goods or services.
- Limit the quantity of goods or services that each business operator will produce, purchase, sell, or provide as agreed.
- Stipulate agreements or conditions in a collusion manner so that one party can receive an auction or tender for goods or services, or to prevent one party from competing in the auction or tender for goods or services.
- Stipulates the division of localities related to the sale of goods or the reduction of the sale of goods or the purchase of goods or services in that locality.
- Reducing the quality of products or services to a lower level than previously produced, sold or provided.
- Mutual agreements in other ways as announced by the Competition Commission, etc.
Other vertical competition restrictions, such as requiring buyers to focus on all or almost all of the necessary inputs of a particular manufacturer, or discourage buyers from purchasing products from other manufacturers that are competitors of the Company, which have competition law issues. Therefore, you should consult the Company’s legal department before entering into an agreement that restricts such rights.
- Exclusivity agreements, such as a monopoly on purchasing from a single source of production or distribution, or manufacturing or distributing products to a single customer, are prohibited. In such cases, although the Competition Law may allow it, the Company’s legal department should be consulted before entering into such an agreement.
- Abuse of Dominance in the case of the Company’s dominance over the market. The criteria for market dominance are business operators with the following market shares, which are considered to be market dominance.
- Merger Control The merger must comply with the principles and must be carried out according to the following conditions:
- The Company must assess from the early stages whether the merger or takeover transaction is a merger or domination of the business. The establishment of a joint venture and the acquisition of minority shares must be approved in advance from any agency with the authority to regulate trade competition. Participate in the evaluation of such transactions, as well as assist in obtaining approval from various regulatory authorities. when in doubt, employees should contact the company’s legal department for further advice.
Penalties
The person who is responsible for carrying out any matter according to his or her duties. If the offender neglects or omits to give orders or fails to take action, or orders or performs any of his or her duties, causing an offense under the law and/or damages. The person shall be subject to disciplinary penalties in accordance with the Company’s regulations and legal penalties according to the offense incurred. If such offense causes damage to the Company and/or any other person, the Company may consider further legal proceedings.
This policy shall be effective from January 1, 2023 onwards.
