ThaiNGO

Thailand’s Private Sector Collective Action against Corruption (CAC) is an initiative by the Thai private sector to take parts in tackling corruption problem via collective action. The CAC aims to bring effective anti-corruption policy and mechanism into implementation by companies in order to create an ecosystem of 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 the respective countries.