Corporate Governance Related Policies
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THAI PRIVATE SECTOR COLLECTIVE ACTION AGAINST CORRUPTION (CAC)
Indorama Ventures embraces the values of being an anti-corruption-driven organization, therefore this is one of our key commitments to foster the ethics needed to counter corruption in our culture. We also believe that by implementing an anti-corruption awareness program in the organization we may be able to mitigate the risks.
For this reason, Indorama Ventures participated in the Thai Private Sector Collective Action Against Corruption (CAC) and undertook the CAC certification process, to which the company became a signatory in 2013, to demonstrate our firm commitment against corruption and bribery. With our effort and outstanding commitment to anti-corruption practices, Indorama Ventures received CAC Certification in October 2014, May 2018 and March 2021. It is a great achievement and reflects the excellent anti-corruption awareness and enthusiasm of our company. We will continue to maintain and develop our proactive standards to ensure that our commitment and practices are implemented in the spirit that they were created.
Dividend Payment Policy
Indorama Ventures Public Company Limited
The Company has a policy to pay a total dividend of not less than 30% of the net profit after tax and appropriation to legal reserve. However, the Board of Directors shall have the authority to consider waiving or amending such dividend policy subject to the condition that it will bring the greatest benefit to the shareholders, such as to use such portion of the net profit as reserve for debt repayment, capital investment for production expansion or as a support in case of changing market conditions which would affect the company’s future cash flows.
The payout of dividend by the IVL subsidiaries to IVL is up to 80% of their net profit after tax and after appropriation of legal reserve. However the Board of Directors of the subsidiaries will consider the dividend payment, and may amend the dividend policy, by taking into account the reserves for debt payment, capital investment, changing market conditions or as required to manage future cash flows.