Page 171 - TYCONS - ANNUAL REPORT 2022

Tycoons Worldwide Group (Thailand) Plc.

control and must not be delegated to persons in circumstances that would lead to conflicts
of interest with the company and its subsidiaries.
6. To have the intention to run the business continuously and conduct themselves with
honesty and integrity and to be interested in the business in which they hold the
directorship.
7. To be consistently responsive to the shareholders and protect their interests as well as
providing to them fair, complete and transparent disclosure.
8. Consider the approval of business plans, annual budgets and sales/acquisitions of the asset
exceeding 50 MB, joint ventures in expanding its business and approval of any other loans
besides the working capital loans, which are solely authorized by the Executive Board.

Effective date: February 19, 2008.

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.

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