Private Sector Collective Action Coalition Against Corruption (CAC)
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Thailand’s Private Sector Collective Action against Corruption, or CAC (www.thai-cac.com), is an initiative by the Thai private sector to take part in tackling corruption via Collective Action. The CAC aims to bring effective anti-corruption policy and mechanisms into implementation by companies in order to create a clean business community.
The CAC was co-founded by the country’s eight leading organizations in the private sector including the Thai Chamber of Commerce, the Joint Foreign Chambers of Commerce in Thailand, the Thai Listed Companies Association, the Federation of Thai Industries, the Federation of Thai Capital Market Organizations, the Thai Bankers’ Association, the Tourism Council of Thailand, and the Thai Institute of Directors Association (IOD), which also serves as its secretariat and takes a leading role in driving the program. The CAC’s operations are sponsored by U.S-based Center for Private Enterprise (CIPE) and the U.K. Prosperity Fund.
Besides arranging regular training and education activities to promote establishing and implementing internal anti-corruption policy and process to executives and staffs of private companies, the CAC also gives certification to companies that have been externally verified for having put in place policy and compliance standards to prevent corruption as per criteria set by the CAC. This certification process is considerably more advanced than regional peers and many countries have expressed their keen interest to study the process and apply the concept with anti-corruption initiatives in their respective countries.
At present, 480 companies have voluntarily joined the CAC, including 275 listed companies. Of this total, 109 are certified members.
In the next phase, the CAC plans to increase the robustness of its certification standard in order to make it more compatible with international standards, which will help facilitating Thai companies in dealing with foreign partners or trading counterparts on the issue of anti-corruption.
The CAC works closely with the government’s National Anti-Corruption Commission (NACC) and the Anti-Corruption Organization (Thailand), which handles the civil society front. Moreover, the CAC also exchanges anti-corruption knowledge and experiences with international agencies regularly. It has recently joined the B20 Collective Action Hub and the ASEAN CSR Network.
After having joined (2.), the company must complete the following documents;
- Self Evaluation
1. Code of Conduct
3. Signatory Companies of Thailand's Private Sector Collective Action Coalition Against Corruption's Declaration of Intent
4. Certified Comapnies of Thailand's Private Sector Collective Action Coalition Against Corruption