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Anti-Corruption Policy

3.2 Audit Committee

• Review financial and accounting report system, internal control system, internal audit

system, and compliance system to ensure that they are in line with international standard,
sufficient, appropriate, up-to-date, and effective
• Approve and review the internal audit plan to ensure it covers compliance with the
Anti-Corruption Policy and report audit results to the Board of Directors regularly
• Oversee risks and internal control related to anti-corruption
• Review the appropriateness of self-assessment practices regarding anti-corruption

measures for the purpose of certifying membership in the Private Sector Collective
Action against Corruption
• Report urgently any issues related to corruption and regularly report statistics and
information on corruption-related clues to the Board of Directors for

acknowledgment
• Give recommendations to the management to oversee operations, and report to the
Board of Directors in case a suspicion of the following transactions or actions occurs
(1) Conflict of interest transactions
(2) Corruption, malpractice or significant defect in the internal control system
(3) Violation of laws related to the Company’s businesses

(4) Fraud or any actions that severely impact the financial position, performance or
reputation of the Company

3.3 Chief Executive Officer, President and executives

• Approve guidelines related to anti-corruption practices
• Adhere procedures to be in line with to the Anti-Corruption Policy as operation
procedures
• Manage to have every department and all employees apply the Anti-Corruption Policy

strictly
• Appoint the anti-corruption working team to monitor the compliance with the Anti-
Corruption Policy
• Supervise to have a system supporting the compliance with the Anti-Corruption Policy

3.4 Anti-corruption working team
• Oversee the committees, executives, employees, agents, brokers, as well as third

parties associated with the Company to comply with the Anti-Corruption Policy
• Establish relevant policies and guidelines in accordance with the Thai Private Sector
Collective Action Against Corruption program

Internal Audit Division I Muang Thai Life Assurance Public Company Limited 9
(Internal Use Only)