Ethics

The Bank of Thailand reaffirms its adherence to integrity and principles to build confidence - good governance in Thailand

Retrieved on: 
Wednesday, April 10, 2024

Anything we do or think, we have to be able to explain why we act or think this way," she noted.

Key Points: 
  • Anything we do or think, we have to be able to explain why we act or think this way," she noted.
  • The Bank of Thailand also vows to create transparency in the decision-making process and make it auditable.
  • The decision-making is transparent because there is a data storage and communication system so that it can always be traced back.
  • The NACC is supervised by the NACC Board and has the Office of the NACC as its administrative agency.

Thailand’s Anti-Corruption Commission initiates an Anti-Corruption Education curriculum to educate Thai children and instill integrity value in society

Retrieved on: 
Wednesday, April 10, 2024

Corruption in Thai society during the past period has had enormous negative effects on the country and is a major obstacle to the country's development in all dimensions.

Key Points: 
  • Corruption in Thai society during the past period has had enormous negative effects on the country and is a major obstacle to the country's development in all dimensions.
  • However, nowadays it has changed to become more complex which is involved with a conflict of interest and policy corruption.
  • "Children and youth are the future and hope of the country we can instill the idea that corruption is an unusual thing in society.
  • All of those are considered challenging goals of the NACC in driving the anti-corruption education curriculum toward future achievement.

Thailand’s National Anti-Corruption Commission issues guidelines to tackle corruption aiming to promote more foreign investors’ confidence

Retrieved on: 
Wednesday, April 10, 2024

Also, the move is aimed to increase foreign investors' confidence so that they will continue to invest in the country.

Key Points: 
  • Also, the move is aimed to increase foreign investors' confidence so that they will continue to invest in the country.
  • Overall, many countries have failed to fight against corruption, with up to 95% of countries making no progress in tackling corruption since 2017.
  • The perception of corruption in government agencies providing investment services in Thailand was also at the moderate stage.
  • Thus, to promote more foreign investors' confidence, the NACC recently issued eight guidelines for both local and international investors' practices against corruption, he explained.

The National Anti-Corruption Commission Thailand seeks suitable measures to prevent corruption risks regarding rewards for officials to ensure transparency for all.

Retrieved on: 
Wednesday, April 10, 2024

BANGKOK, THAILAND - Media OutReach Newswire - 18 March 2024 - The Office of the National Anti-Corruption Commission (NACC), Thailand has brainstormed concerns from all related agencies to prevent corruption risk regarding bribery to officials and reward for officials to ensure transparency work of its officials and confidence for both local and international investors. In efforts to uphold ethical conduct among officials who are directly involved with tacking corruption, the NCC recently held a meeting to brainstorm ideas on "Guidelines for Preventing Corruption Risk Regarding Bribe Payment and Rewards from the Performance of Officials". This is aimed at voicing opinions for the revision of the guidelines for rewarding officers with appropriateness, fairness, and consistency with the performance of duties, and remuneration based on performance for officials who work in tackling corruption in the country. According to the NACC, it has provided recommendations for the revision of the reward payment for the Customs Department, the Ministry of Finance is afraid that the rewards caused 'moral hazards' among officials who are involved in the process of tackling corruption. Following the reward, it encouraged the officials to focus only on tasks with high rewards or having rewards, while neglecting to perform tasks with low rewards or no remuneration, which may cause corruption inequality, and unfairness among civil servants. The reward could also be considered as the risk of conflict of interest of the authority in determining the eligibility for the award and determining the proportion of the reward. The officials could risk rewarding themselves which was not inconsistent with the purpose of the guideline that wants to promote effective law enforcement, or may lead to the creation of false evidence in the disbursement of bribes. The meeting was attended by representatives of relevant agencies including the Ministry of Finance, the Customs Department, the Comptroller General's Department Excise Department, the Office of the Narcotics Control Commission Anti-Money Laundering Office, the Royal Thai Police, the Office of the Auditor General, experts, executives and officers. The meeting focused on various issues covering: who is entitled to receive the reward, the proportion and rate of payment of the reward, the appropriateness and fairness of the reward, the prevention of risks of discretion and conflict of interest, and the changing trend in the process of giving bribery and reward, explained Mrs. Suwana Suwanjuta, NACC Commissioner, who chaired the meeting. However, with the modernization and connectivity of information technology today, this enables agility and efficient linkage of various data, as well as the NACC's credibility among international, the reward for officers could be revised to ensure the appropriateness of providing rewards for the authorities and to encourage government officials to enforce the law more efficiently and equitably in the bureaucracy. In this regard, the NACC hopes that the meeting will voice concern from all involved so that the revision of the guidelines to provide rewards to officials will be more efficient and ensure transparency for all involved, helping improve standards in tackling corruption with more advancing and modernizing measures, the NACC concluded. ---------------------------------------------------- Reference: https://www.nacc.go.th/categorydetail/20180831184638361/20240312183512? *This press release translation is funded by the National Anti-Corruption Fund (NACF). Hashtag: #IntegrityWay #AntiCorruption #ZeroCorruption #NACC #NACF

Key Points: 
  • BANGKOK, THAILAND - Media OutReach Newswire - 18 March 2024 - The Office of the National Anti-Corruption Commission (NACC), Thailand has brainstormed concerns from all related agencies to prevent corruption risk regarding bribery to officials and reward for officials to ensure transparency work of its officials and confidence for both local and international investors.
  • In efforts to uphold ethical conduct among officials who are directly involved with tacking corruption, the NCC recently held a meeting to brainstorm ideas on "Guidelines for Preventing Corruption Risk Regarding Bribe Payment and Rewards from the Performance of Officials".
  • The National Anti-Corruption Commission (NACC) is a constitutional independent organization and supervised by nine commissioners selected from various professions.
  • It has the authority to file charges in court as well as support and build up awareness of the penalties for committing corruption.

The National Anti-Corruption Commission Thailand joins forces with international agencies to focus on preventing and suppressing transnational corruption

Retrieved on: 
Wednesday, April 10, 2024

BANGKOK, THAILAND - Media OutReach Newswire - 25 March 2024 - As emerging with rapid digitalization that paves the way for transnational corruption, the National Anti-Corruption Commission (NACC), Thailand further tightened its collaboration with international organizations in tackling new tactics and complicated illicit activities in accordance with global standards. The NACC's Secretary-General, Mr. Niwatchai Kasemmongkol recently met with representatives of the Nordic Police Liaison Office, led by Mr. Carsten Andersen, Assistant Attache/Liaison Officer, Nordic Police Affairs Department at the Danish Embassy, Thailand and Ms. Jane Ohlsson, Assistant Ambassador/Coordinating Officer for Police Affairs in the Nordic Countries at the Swedish Embassy, Thailand, along with NACC's executives and representatives from the Bureau of International Corruption Affairs and Cases, and the Bureau of Investigation and Special Affairs to enhance cooperation between the NACC enforcement agencies in combating transnational corruption. "Current corruption problems are not limited to any one country. But it has developed into a transnational crime, which affects all countries around the world. Therefore, cooperation between each other in various forms, both bilateral and multilateral is considered an important mechanism for effectively preventing transnational corruption of all kinds," said the NACC secretary-general. He further elaborated that the NACC has collaboration with enforcement agencies from the Nordic countries in both bilateral and multilateral. It has a memorandum of understanding between each other to exchange legal information, coordinate cases, as well as academic cooperation in particular, the sharing of knowledge and anti-corruption practices which is beneficial to raising the level of the Corruption Perceptions Index (CPI) of Thailand. This tie collaboration will help promote the prevention and suppression of corruption in Thailand more effectively. Furthermore, under the cooperation, both sides discussed and exchanged information on international cooperation in criminal matters related to corruption cases between Thailand and the Nordic countries. Denmark has expressed great interest in the NACC's corruption prosecutions and is willing to cooperate in solving transnational corruption cases, while also exchanging information that is beneficial to the fight against corruption. Mr. Niwatchai concluded that the NACC has given great importance to strengthening and expanding the network of cooperation with law enforcement agencies of various countries to deal with transnational corruption continuously. Presently, the NACC, in Thailand has made memoranda of understanding with 25 law enforcement agencies and international organizations, including nine ASEAN countries, the Ministry of Supervision of China, the Independent Authority against Corruption of Mongolia, the Anti-Corruption Commission of Bhutan, the Independent Commission Against Corruption of Australia, the Oversight and Anti-Corruption Authority of Saudi Arabia, the Police Presidium of the Czech Republic, Federal Ministry of the Interior of Austria, Investigative Committee of the Russian Federation, International Department of the National Crime Agency of the United Kingdom, and Office of the Comptroller General of Brazil, as well as World Bank, United Nations Office on Drugs and Crime (UNODC), International Anti-Corruption Academy (IACA), Basel Institute on Governance, United Nations Development Programme (UNDP) and the UN International Organization for Migration (IOM). ----------------------------------------- *This exclusive interview translation is funded by the National Anti-Corruption Fund (NACF). Hashtag: #IntegrityWay #AntiCorruption #ZeroCorruption #NACC #NACF

Key Points: 
  • Therefore, cooperation between each other in various forms, both bilateral and multilateral is considered an important mechanism for effectively preventing transnational corruption of all kinds," said the NACC secretary-general.
  • He further elaborated that the NACC has collaboration with enforcement agencies from the Nordic countries in both bilateral and multilateral.
  • Furthermore, under the cooperation, both sides discussed and exchanged information on international cooperation in criminal matters related to corruption cases between Thailand and the Nordic countries.
  • The National Anti-Corruption Commission (NACC) is a constitutional independent organization and supervised by nine commissioners selected from various professions.

SEC Charges Advisory Firm Senvest Management with Recordkeeping and Other Failures

Retrieved on: 
Wednesday, April 3, 2024

Washington, D.C.--(Newsfile Corp. - April 3, 2024) - The Securities and Exchange Commission today announced charges against registered investment adviser Senvest Management LLC for widespread and longstanding failures to maintain and preserve certain electronic communications.

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - April 3, 2024) - The Securities and Exchange Commission today announced charges against registered investment adviser Senvest Management LLC for widespread and longstanding failures to maintain and preserve certain electronic communications.
  • The SEC also charged Senvest with failing to enforce its code of ethics.
  • Senvest also failed to maintain or preserve the off-channel communications as required under the federal securities laws and the firm's policies and procedures.
  • The order finds that Senvest violated certain recordkeeping and ethics provisions of the Investment Advisers Act of 1940 and failed to reasonably supervise with a view to preventing and detecting violations.

PLI’s Corporate Counsel Corner Provides Content Tailored for the In-House Legal Community

Retrieved on: 
Tuesday, April 9, 2024

PLI’s Corporate Counsel Corner is a hub for legal, leadership, and industry content.

Key Points: 
  • PLI’s Corporate Counsel Corner is a hub for legal, leadership, and industry content.
  • Drawing on extensive research, including interviews with in-house counsel, surveys, and industry studies, the site was developed to meet these professionals’ specific needs.
  • “We recognize that lawyers who practice in-house as general counsel or in similar roles have unique professional development requirements,” says President Sharon L. Crane.
  • Practitioners also have direct access to timely, in-depth programs such as Hot Topics for In-House Counsel , Ethics for In-House Corporate Counsel , and many more, taught by expert faculty.

Optimi Health Signs Psilocybin Supply Agreement With New Zealand-Based Mātai Medical Research Institute

Retrieved on: 
Tuesday, April 9, 2024

VANCOUVER, British Columbia, April 09, 2024 (GLOBE NEWSWIRE) -- Optimi Health Corp. (CSE: OPTI) (OTCQX: OPTHF) (FRA: 8BN), a leading Health Canada licensed psychedelics pharmaceutical manufacturer, specializing in controlled substances such as natural psilocybin and MDMA, is proud to announce the signing of an international natural psilocybin supply agreement with New Zealand-Based Mātai Medical Research Institute (Mātai), on behalf of the Tū Wairua Project.

Key Points: 
  • VANCOUVER, British Columbia, April 09, 2024 (GLOBE NEWSWIRE) -- Optimi Health Corp. (CSE: OPTI) (OTCQX: OPTHF) (FRA: 8BN), a leading Health Canada licensed psychedelics pharmaceutical manufacturer, specializing in controlled substances such as natural psilocybin and MDMA, is proud to announce the signing of an international natural psilocybin supply agreement with New Zealand-Based Mātai Medical Research Institute (Mātai), on behalf of the Tū Wairua Project.
  • This agreement marks Optimi's first supply deal to New Zealand, a significant milestone for the company's global expansion efforts.
  • Under the terms of the agreement, Optimi will provide Mātai with a quantity of its validated GMP Full Spectrum Natural Psilocybin extract.
  • Further, the agreement includes tracked stability of the extract, ensuring the highest standards of GMP quality and compliance.

Bilibili Publishes 2023 Environmental, Social and Governance Report

Retrieved on: 
Tuesday, April 9, 2024

“With the mission to enrich the everyday life of young generations in China, Bilibili actively shoulders social responsibility,” said Mr. Rui Chen, chairman and chief executive officer of Bilibili.

Key Points: 
  • “With the mission to enrich the everyday life of young generations in China, Bilibili actively shoulders social responsibility,” said Mr. Rui Chen, chairman and chief executive officer of Bilibili.
  • Highlights of Bilibili’s 2023 ESG achievements:
    Bilibili fosters an ever-growing content ecosystem where all users can enjoy the fulfilling content they love.
  • In 2023, Bilibili:
    Enabled over 3 million content creators to earn income on Bilibili, an increase of 30% from the previous year.
  • Engaged over 200 million users to study on Bilibili and over 2 million content creators to submit pan-knowledge content on Bilibili.

SHAREHOLDER ACTION REMINDER: The Schall Law Firm Encourages Investors in bluebird bio, Inc. with Losses of $100,000 to Contact the Firm

Retrieved on: 
Tuesday, April 9, 2024

Investors who purchased the Company’s securities between April 24, 2023 and December 8, 2023, inclusive (the “Class Period”), are encouraged to contact the firm before May 28, 2024.

Key Points: 
  • Investors who purchased the Company’s securities between April 24, 2023 and December 8, 2023, inclusive (the “Class Period”), are encouraged to contact the firm before May 28, 2024.
  • We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge.
  • The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.