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.
In the next phase, the CAC plans to increase the robustness of 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 on anti-corruption.
The CAC works in parallel and co-ordinate 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.
In addition, to coordinate the Coalition's policies and to establish best practice standards, a group of highly respected and experienced individuals were appointed to form and governance the CAC. The Private Sector Collective Action Coalition Against Corruption Council were established and comprising