Page 14 - นโยบายการกำกับดูแลกิจการ (Corporate Governance Policy) (TH-EN

Corporate Governance Policy

Corporate Governance Policy

Muang Thai Life Assurance Public Company Limited has continuously been aware of

the significance of Corporate Governance. We believe that management with transparency,
accountability and operations without corruption as well as having responsibility and giving fairness

to every stakeholder will bring us the solid and sustainable business. To build credibility and to ensure
all stakeholders, the Board of Directors has approved the Corporate Governance Policy as well as
the Code of Conduct as well as Sustainability Development Framework and Policy to be strictly

adhered by all directors, executives and employees, and the policy is annually reviewed by the Board
of Directors. Moreover, the Company has established compliance procedures to meet the
international standard and strictly comply with laws as well as rules and regulations of the regulator.

In this regard, the principles and practices of good corporate governance which the Company has
always been adhering to comprising 5 sections as follows:

1. Rights of Shareholders

The Company pays great attention to the Shareholder’s rights by focusing on freedom
and equality, namely the right to attend the Shareholder’s Meeting and the right to give proxy
to other person to attend and vote in the Shareholder’s Meeting. The Company has always prepared

and distributed performance report to the shareholders timely before each meeting in order for them
to obtain accurate and complete information to base their consideration on for each agenda.

Some of the rights given to the shareholders are: the right to appoint or dismiss any Directors;
the right to vote in the appointment and on the fee of the independent auditor; the right to vote
in any significant business matters; the right to receive dividend; the right to comment and make

inquiry in the Shareholder’s Meeting; and the right to specify or amend the Articles of Association
(AOA) and Memorandum of Association (MOA) of the Company; the right to consider on reducing

or increasing capital; and the right to approve significant transactions which have impact on
the business direction, etc.

Furthermore, the Company supports all stakeholders to attend the Shareholder Meeting

by sending an invitation letter with agendas and meeting materials to the Shareholders 14 days prior
to the meeting date as stated by laws and the Company’s rules.

Corporate Secretariat Office Division I Muang Thai Life Assurance Public Company Limited 5