Page 31 - จรรยาบรรณและจริยธรรมทางธุรกิจ (Code of Conduct) (TH-EN)

Code of Conduct

8. Internal Control and Risk Management

The Company aims to have good internal control system to effectively align with
risk management policy, regular assessment of adequacy and effectiveness of the internal control

system, and appropriate organizational structure, segregation of duties, and line of command.

These reasonably ensure that the Company can achieve the objectives, provide long-term benefit,
manage risks to be at an acceptable level, formulate reliable financial and performance reports in

compliance with law, rules, regulations, and protect any acts that may damage the Company’s
reputation.

The Board of Directors and high-level executives are well aware of the importance of good

internal control in order to maintain the culture of having consciousness in risk management and
internal control of the Company’s operation, and being a good example by continuously and regularly

complying with the Company’s policies and procedures. The employees of the Company must
understand and give full participation in maintaining good internal control.

9. Bribes and Inducements

It is not acceptable to offer or receive any form of bribe and inducement, or direct anyone else
to do so on your behalf. Bribery in commerce is illegal and subject to criminal penalties.

The Company’s business competition strategy is conducted fairly and on the merits of the
Company’s products and services. Any personal payments or bribes offered to employees of the

Company by customers or counterparties and receipt of bribes or personal payments by employees,
as payments, or other benefits for the bribes of the Company’s business are strictly prohibited.

The Company believes in promoting good governance and the fair and transparent business

operations in accordance with the laws. It is also, therefore, strictly prohibited for employees in the
performance of their official duties to give anything of value directly or indirectly to the government
official, politician, organizations, company or related person to influence their actions in the

Company’s favor.

Should there be any demand for receiving, or giving of bribes, must be reported to the working

team assigned by the Company.

Corporate Secretariat Office Division I Muang Thai Life Assurance Public Company Limited 14