All the Company's personnel are obliged to operate in accordance with the guidelines in the Corporate Governance Manual and Code of Conduct under the supervision of the Corporate Governance Manual and Code of Conduct under the supervision of the Corporate Governance Committee. In order to ensure sustainability in accordance with the Company's good corporate governance principles, which are equivalent to international practices, the Company promotes and cultivates a culture of ethical business practices by designating it as one of the corporate values and integrity, by promoting it through activities and channels regularly. The Company has designated the Board of Directors, Executives, and all employees to sign the acknowledgment of GPSC's Guide to Good Corporate Governance and Business Ethics. In addition, the Company has prepared a report revealing the Company's conflicts of interest, in which its personnel is obliged to report conflicts of interest at least once a year and report every time in case of change, which is specified in the Code of Conduct on Conflicts of Interest and Interest in order to ensure that the Company's business operations are transparent and fair.
All employees are required to comply with the company code of conduct, as such compliance is part of performance appraisal that link with consideration of employee remuneration. GPSC’s employee performance appraisal systems integrates with compliance system and codes of conduct through the Measuring Employee Performance represented by Performance Management System (PMS) as shown below:
In order for the operation of the Company, its subsidiaries, and associates to be effective in accordance with laws, rules, and regulations. The Company's Good Corporate Governance Policy and Code of Conduct for Conducting the Company's Business In a transparent, fair, and auditable manner. The Company has issued a policy of complaints and protection (Whistleblowing and Complaints Handling Policy) and announced the process for receiving complaints and providing protection to complainants and related parties, along with mechanisms for monitoring and auditing in order to prevent risks and damages that may occur to all stakeholders. This includes providing protection to those who make whistleblowers or complain in good faith and provides the disciplinary action for those are the non-compliance.
As a result of the disciplinary actions with respect to any actions that do not comply with the policy, whether directly or indirectly, will receive disciplinary consideration in accordance with regulations set by GPSC (zero tolerance policy) or punishable by law. Penalties for non-compliance personnel also include termination of employment.