88 Good Corporate Governance Principles and Code of Business Ethics (Edition 2022) 2.5.1 In procurement process, comply with the Company’s regulations on procurement and engaging consultancy; follow procedures set out therein by responsible units strictly, in line with the approving authority. Bidding must be organized on level-playing field of information. 2.5.2 Consider quantity, value, pricing, quality and terms of service, that align with market mechanism or fair price. 2.5.3 Not take advantage of; do not discriminate against nor doing business through illegal means. 2.5.4 Prepare appropriate and practical terms and conditions to contract. Treat suppliers equally on the basis of fair, and mutual benefit. 2.5.5 Comply with contractual terms, and strictly abide by the agreed payment terms. 2.5.6 Endeavour to grasp how to operate, so that one can operate strictly according to terms stated in contract. 2.5.7 Not undertake any act that facilitates supplier’s avoidance of legal compliance and taxliability. 2.5.8 Avoid transaction that may harm the Company’s reputation, even if the transaction brings about business benefit. 2.5.9 Not invoke the Company’s name or Personnel name-dropping in transaction not relating to the Company, even if in so doing does not impact the Company directly.
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