The four Nordic Chambers of Commerce in Thailand have jointly signed a memorandum of understanding with Thailand’s Private Sector Collective Action Coalition against Corruption(CAC) on 11 October 2018.
The signing took place at the sideline of the CAC’s 9th annual National Conference “Disrupting Corruption” at Dusit Thani Hotel in Bangkok.
“The Danish-Thai Chamber of Commerce fully supports the CAC initiative to change Thailand corruption situation and strongly believes in free market with fair competition. It will take generations to change the mindset, but it has to start somewhere,” said Dr. Supareak Charlie Chomchan, President of Danish-Thai Chamber of Commerce.
Private companies join the CAC voluntarily and a total of 921 private firms have signed up, 332 of which have been certified for putting in place anti-corruption policies and high compliance standards in accordance with the CAC criteria.
Signatory companies are required to get CAC certification within 18 months. The CAC only certifies that companies have put in place anti-corruption policy and compliance standard not behaviors of corporate personals.
CAC aims primarily to bring effective anti-corruption policies and mechanisms into implementation by business entities. It focuses specifically on the private sector and works closely with the National Anti-Corruption Commission and the Anti-Corruption Organization of Thailand. CAC was founded in 2010.