Corporate Governance

Our Corporate Governance Framework contain with policies, standards, and guidelines to support our executives, employees, and stakeholders to carry out their roles and responsibilities in attaining long-term operational performance, with credibility and sustainability. To ensure that the good corporate governance principles will be practiced appropriately in our corporate governance structure, we have implemented efficient process and mechanism to control, supervise, audit, and continually monitor operations continuously in the company.

Our high priority for good corporate governance

is the heart of our business along with the practice and implementation of our Code of Business Conduct with values and standards required across our business operations. The Code forms the basis of the Company’s integrity in its responsibility toward our customers, shareholders, business partners, competitors, regulators, and all employees.

Anti-Bribery and Corruption Policy

KWI Life insurance always values the ethical behavior. We recognize that over and above the commission of any crime, any involvement in bribery will also reflect adversely on the trust of our customers. Therefore, we aim limit the exposure to bribery by:

Setting out a clear Anti-Bribery & Corruption Policy

Training employees to recognize and avoid the use of bribery by themselves and others

Encouraging employees to be vigilant and to report any suspicion of bribery, providing them with suitable channels of communication and ensuring sensitive information is treated appropriately.

Forbidding corruption and the paying or receipt of bribes for any purpose.

Political contributions are not allowed and charitable contributions are allowed only within agreed Corporate schemes and guidelines.

Reports can also be made confidentially via the confidential reporting
Business Unit Compliance Officer
KWI Life Insurance Public Company Limited
43 Thai CC Tower, 33rd Floor, South Sathorn Road, Yan Nawa, Sathorn, Bangkok 10120
Tel: 02-844-0000

Code of Business Conduct

The following standards present a consolidated view of requirements in relationship to the Code of Business Conduct applicable to all employees.

Financial Crime

Protecting the business against financial crime is the responsibility of all employees. Employees must complete training on financial crime topics (i.e. anti-bribery & corruption, anti-money laundering & sanctions and fraud prevention). Failure of employees to meet their requirements outlined in the training or policies (e.g. declaration of gifts and hospitality, offering or accepting a bribe) may result in disciplinary action or even dismissal.
Employees who know of or suspect money laundering or terrorist financing activities, bribery, corruption, or fraud matters must inform the Business Unit Compliance Officer (BUCO) immediately.
Employees must protect the business against tax crimes.

Conflicts of Interest

Employees must seek to identify and where possible avoid situations that could result in apparent, potential, or actual conflicts of interest.
Employees are required to complete relevant training on conflicts of interest, notifying their line manager or other relevant parties if they identify a potential conflict so that steps can be taken to manage the situation.

Information & Dealing

Employees must adhere to any restrictions imposed upon their securities dealing activities.
Employees must escalate breaches relating to information barriers procedures and inside information to CEO.
Employees should adhere to the Information Security Policy. This will help safeguard the information used in all aspects of our business operations, defend the Group from potential impacts and liabilities resulting from unauthorized activity and protect our customer, partners, and fellow employees by preventing others from inappropriately accessing and misusing their personal and business information.

Communication

Employees must obtain permission from the relevant communications team before communicating externally on business matters or in any professional capacity through any public medium, including social media channels.
Employees must not issue internal communications unless authorized by the relevant internal communications function.
Social media – If employees discover any inaccurate, accusatory or negative comments about the company online, they are not to respond or engage in the conversation, but report those comments to the relevant communications function.
Employees must not communicate with City institutions and investors regarding the Group, and any contact from them must be referred immediately to the Investment team.
Employees must not share confidential or competitively sensitive information about the Group, its customers or suppliers with our peers or competitors. If employees receive competitively sensitive information about the Company’s peers or competitors (other than for legitimate purposes), they must immediately tell the Legal team.

Standard 5 – People

To ensure diversity and inclusion are embedded in the culture of the workplace, eliminating any form of discrimination, employees are expected to provide equality of opportunity for all fellow employees, irrespective of sex, race, age, ethnic origin, marital status, pregnancy and maternity, civil partnership status, any gender re-assignment, religion or belief, sexual orientation, disability or part-time/fixed-term work.