Page 23 - นโยบายต่อต้านการคอร์รัปชัน

Anti-Corruption Policy

1. Principles and reasons

Muang Thai Life Assurance Public Company Limited is aware of the importance of business
operation and management which need to be conducted based on an integrity, transparency, and

responsibilities to society and all stakeholders according to the good corporate governance. Therefore, the
Company has formulated this Anti-Corruption Policy with a purpose of prohibition on any kinds of corruption.
Directors, executives, employees as well as a third party relating to the Company, either for benefits of the
Company or oneself, family, friends, or acquaintances, must not commit corruption. The Company does not

allow any kinds of corruption including the corruption in businesses and responsible work units, and all
transactions in every country. At the same time, the Company has formulated procedures for anti-corruption
in detail. In order to comply with this Policy, the Company shall review the procedures regularly to be suitable
with the business operation and comply with the laws. In this regard, directors, executives, and employees
are all required to comply with this Policy.

2. Definition

2.1 Corruption means fraudulent action by giving, or promising to give bribes or requesting
or accepting to receive either gifts, gratuities or services, cash or cash voucher, assets or any benefits
as well as any actions that are deemed corruption to officers of government, officers of foreign
government, officers of international organizations , organizations, institutes, or other persons who
1
do business with the Company either directly or indirectly as for requiring them to use power illegally,
convincing them to act, not to act or delay act unlawfully in order to acquire any benefits or maintain
any benefits for oneself or others, unless the laws, the regulations, local culture or trade usage allow
to do so.

2.2 Gifts, gratuities mean things or any benefits which have financial value, cash voucher for
exchanging for goods or traditional services which are given as gratuities or change as influence for

the Company to receive privileges for businesses which may link to bribery.

2.3 Bribes, inducements, change or hospitality mean cash, assets, reception for hospitality
or any benefits which are given to act or omit to act as a payer requires as well as any actions deemed
as offering a promise, giving, accepting, requesting that create benefits in any forms which are
considered as convincing to act illegally or against duties and responsibilities.

1 Organic Law on Anti-Corruption B.E. 2561, Section 176

Internal Audit Division I Muang Thai Life Assurance Public Company Limited 7
(Internal Use Only)