Page 194 - 56-1 One Report 2022 EN

Part 2 Corporate Governance

society as a whole, and the environment. Furthermore, the Company abides by international human rights principles
and anti-corruption guidelines to promote the development of society. In the past years, the Company has been
monitoring to ensure good corporate governance principles and practices on the following 4 key points:
1. Conflict of Interests

The Board of Directors realizes that working for the Company can lead to situations whereby the personal interests
of directors, executives, and staff may be in conflict with the Company’s interests. Therefore, the Board has
considered and approved the Conflict of Interest Policy contained in the Company's Code of Conduct. In
accordance with a review by the Internal Audit Department and the Audit and Risk Committee, there were no
conflict-of-interest issues found in the Company.

2. Internal Control Information

The Company is committed to carrying out its business in an ethical manner with integrity and honesty. A Code of
Conduct has been developed and issued to all employees to guide corporate behavior at all levels. Disclosure of
inside information by employees or management to others or for their interest or involvement in activities that may
lead to conflicts of interest is considered severe misconduct and may subject them to the highest disciplinary action.

The Company prohibits employees and management who work in a department or business unit that has access
to inside information from buying or selling the Company’s securities for 14 days prior to the disclosure of financial
statements to the public. Furthermore, the Company also educates directors and management on their duties to
report their, as well as their spouse or cohabitees and minor children’s, holdings or changes in holdings of the
Company’s securities to the Securities Exchange Commission (SEC) in accordance with Section 59 of the Securities
and Exchange Act B.E. 2535, and the Stock Exchange of Thailand (SET) regulations. Regarding the sharing of
supporting data or documents within the group of companies, data rules have been issued to prevent the leak of
information. These rules include requesting a letter of confidentiality or non-disclosure agreement, and the
prohibition of making photocopies without permission.
In addition, the Company revised its Information Security Management Regulations to be in line with the Information
Security Management Regulations of the Stock Exchange of Thailand (SET) and the Securities and Exchange
Commission (SEC), including to build confidence in the Company’s business operations among investors,
shareholders, business partners, and stakeholders. This regulation complied with ISO 27001 by adapting to the
Company’s context. In addition, the Company also utilized the Policy Statement on the Security of the Information
System in its principles alongside the Information Security Management Regulations. Also, the Company revised its
code of conduct concerning the use of inside information and trading of the Group’s securities to promote
compliance with the Company's securities trading policy.
The Company has notified all Board of Directors and Executives to file their securities holding, including those of
their spouses or cohabitee and children not yet of age, to SEC Office within 7 days from the date of appointment as
director or executive. In case of a change in securities holding, it shall be filed with SEC Office within 3 business
days from the date of purchase, sale, transfer, or acceptance of transfer of such securities. In 2019, the Company
has notified any designated persons who intend to trade Thaicom Group’s Securities must notify the Board of
Directors at least one day in advance.

Part 2 page 70