Page 161 - One Report Thai Final_ENG_2021

Tycoons Worldwide Group (Thailand) Plc.

2. Policy of Anti-bribery and corruption

Tycoons Worldwide Group (Thailand) Public Co., Ltd. (hereinafter referred to as the
Company) and its subsidiaries operate the business in compliance with all legal and regulatory
requirements to ensure that legitimate business and importance to anti-bribery and corruption. In
addition the policy's goal is to operate the company based on the principle of honest, fairness, and
transparent management, it’s responsible for all interested parties. The behavior of directors,
management, and employees are abiding by Business Ethics, Code of Conduct. It’s a part of the
"Corporate Governance". The Company also stipulates anti-bribery and corruption policy as
guidelines of business operating and therefore directors, management and all employees have to
follow the implementation. The main contents are as follows:

Definition of bribery and corruption

Bribery & Corruption means one gives or receives gifts, fees, rewards or any other favors
to influence governmental officers or any other personnel in the business circle. This behavior
triggers dishonest, illegalness, and fraud violating principle to gain commercial or financial
advantage.

Policy of anti-bribery and corruption

Directors, management, and employees of the Company and its subsidiaries are prohibited
to give or receive directly or indirectly bribery and corruption in any manner whether it is
accepted, giving or offering the monetary or non-monetary bribe with the relevant government
agencies or private entities of the company's business operations or contact. The Company will
execute the policy of anti-bribery and corruption strictly.

Responsibilities

1 The board of directors is responsible for setting policy and to support and establish the
effective anti-bribery and corruption systems for the management to understand the importance
of anti-bribery and corruption, and instilled into the culture of the Company.

2 The board of audit committee is responsible for reviewing the financial and accounting
report, internal control systems, internal audit system and risk management system to ensure that
is suitable, effective and in accordance with the provisions of the standard.

3 President and management are responsible for setting systems, supporting and promoting
the anti-bribery and corruption policy for all the employees and related personnel know. Its
responsibilities also include review of the system to meet the change of the business regulations
and laws.

4 Chief of internal audit is responsible for execution, examining and reviewing the
correction of the job compliance with the anti-bribery and corruption policy. Reporting to the
board of audit committee.

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