Page 172 - TYCONS - ANNUAL REPORT 2022

Tycoons Worldwide Group (Thailand) Plc.

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.

Guidelines of practice

1 Directors, management, and employees of the Company and its subsidiaries must strictly
comply with the policy of anti-bribery and corruption and code of conduct, as follows;

1.1 No receive and give or offer bribes to any other person to obtain improper benefits with
government agencies and private units at work contact.

1.2 No accept gifts, entertainment, funding or other favors from client or vendor which
worth more than the standard prescribed. Employees must report to the company when they accept
the worth of gifts or entertainment is more than the company stipulation (provisions of the Code
of conduct) for customs and rituals necessary.

1.3 The Company has established internal control systems, stipulate the procedures of job
execution in order to prevent bribery and corruption, people who has responsibility for approving
payment must have clear evidence and be in accordance with company policy.

1.4 Employees should not neglect or ignore the bribery and corruption or the behavior may
occur bribery and corruption, must report to the management or report by the trail route of anti-
bribery and corruption policy immediately. Employees and the informers who report the bribery
and corruption will be protected by the Company.

2 The Company will provide related training courses in anti-bribery and corruption policies to
employees, and encourage employees to perform their duties in an honest and responsible
behavior.

3 Employees who breach or non-compliance with anti-bribery and corruption policy will be
punished by regulations of the company and related laws.

154