Page 17 - นโยบายการกำกับดูแลกิจการ (Corporate Governance Policy) (TH-EN

Corporate Governance Policy

5. Responsibilities of the Board
The Board of Directors has authority, duties and responsibilities to carry out the Company’s

business operation with morality and honesty by adhering to and complying with the Anti-corruption
Policy and avoiding any conflicts of interest in order to maintain the Company’s overall benefit and

not limited to any specific person or group of shareholders. The Board of Directors also has authority
and duties to supervise the Company in developing an appropriate management policy and supervise
the Company to have key policies such as compliance framework and compliance related policies as

well as integration of sustainability development guidelines with business strategies by taking balance
in terms of economic, social and environment aspects into account. Moreover, the Board of Directors

has duties and responsibilities in governing the Company to have proper management process to
conduct enterprise risk management, to develop effective internal systems, and to oversee audit
system to comply with policies, laws, rules and regulations announced by the regulator. The Board of

Directors is also required to establish the Market Conduct Policy in order to ensure the Company's
fair treatment of customers, by mainly considering the customers’ benefits. Monitoring and
assessment of product development, insurance and mutual fund sales offering processes, customer

service and life insurance benefit payment, and complaint management must be conducted at least
once a year or as required by the laws.

Corporate Secretariat Office Division I Muang Thai Life Assurance Public Company Limited 8