Page 62 - One Report Thai Final_ENG_2021

Tycoons Worldwide Group (Thailand) Plc.

4. Disclosure and Transparency

The Board of Directors discloses the financial information, business activities, and
other business performance accurately, completely, efficiently, and timely that reflects the
actual financial status, complies with the Generally Accepted Accounting Principles
(GAAP), and is audited by independent auditor. In addition, the audit committee which is
composed of independent directors with no involvement with the company management
will also help review the give information.

The Company places the timely and accurately disclosure of financial and other
information that may affect the share price at priority through SET website. Moreover, the
company has also established Investor Relations Office. For investors and those who are
interested in obtaining the company’s information, they may contact Investor Relation
Officer at Tel:033-658-558or fax: 038-636-822 or E-mail Address: iro@tycons.com.

In 2021, IR officer has provided information to parities such as shareholders and
analysts in many occasions such as quarterly performance and invest projects.

Director’s remuneration; The Board of Directors has disclosed clearly the directors’
remuneration policies which is in response to the contributions and responsibilities of each
directors and the remuneration is approved by shareholders through shareholders’ meeting.

Managements’ remuneration: The Board of Directors has developed the
management remuneration policy that is fair and attractive enough for qualified people to
take the position and perform at high standard.

5. Responsibilities of the Board

Leadership and vision

The Board of Directors has played a role in setting the company’s goal, task, and
budget, and moreover oversaw the company operation according to its goal. The Board
of Directors has also made comments on the internal control/audit system to manage the
risk and maximize the company’s profitability.

Risk Management

The Board of Directors has adopted a risk management system for all material
and controllable risk and included the reporting and evaluating system in response the
current situation. In 2021, the Board of Directors has considered political risk, which now
does not affect the company directly. As for economic risk in exchange rate, the
company has employed forward contract to minimize the risk. All managements are
responsible for risk management. In assessing the risk, the chance of occurring and the
impact it might create was examined, then prevention measures were proposed. The
Company’s internal audit has been performed audit in relation to risk and then reported to
the committee, so that the committee could report to the Board of Directors in time.

54