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| Finance Ministry Officials Subjected to Iron Rules |
| UPDATE : 10 February 2010 |
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The Finance Ministry will impose iron rules to prevent officials from having conflicts of interests.
Finance Minister Korn Chatikavanij has endorsed draft ministerial regulations on the code of ethics aiming to prevent conflicts of interests among senior officials.
The new rules cover hree major issues.
Firstly, Finance Ministry executives are not allowed to work for state enterprises or private corporations that might obstruct their duties.
They must not be concessionaire, supervisor or auditor of projects of their own department.
Procurement of securities using privileges of being the ministry's official is also prohibited.
Secondly, the ministry's executives must conduct a report in case there is a possible conflict of interests in the operation.
And finally, violations of the rules will be punishable on case-by-case basis and the wrongdoings will be considered in the promotion process.
Korn said the Finance Ministry is one of the most important agencies, so the strict regulations will help strengthen confidence among the public.
The new rules will apply with political post holders in the Finance Ministry and civil servants ranging from deputy director general to permanent secretary.
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