Summary of responsibilities of the board of directors

1. Responsibilities of the Board of Directors

     1.1 Leadership in setting business direction and policy goals
          – Recruiting knowledgeable and qualified executives to be senior executives.
          – Defining direction, vision, goals, policies and operating budget
          – Assignment of power to the management to achieve the goals.
          – Providing an appropriate risk management system

     1.2 Monitoring of management operations
          – Ensuring complete accounting preparation
          – providing an actual performance reporting system that Is it on target? Including various problems and obstacles.
          – Providing sufficient and appropriate internal control systems
          – Performance evaluation And set remuneration for executives.
          – Approval of various items Or propose an opinion to the shareholders to approve the transaction with caution Honesty

2. Qualifications of the Board of Directors

They are knowledgeable, capable, experienced, visionary and have no prohibited characteristics under the Public Company Limited Act. 1992 or other relevant laws.

3. The term of the Executive Committee

Board of Directors’ term Specified in accordance with the Public Company Act B.E. 2535 and the company’s regulations, that is, at every annual general meeting. If the number of directors cannot be divided into three parts, then the number nearest to one-third shall retire. Then exit by the nearest number
to 1 in 3.

Executive Board responsibilities summary

1. Responsibilities of the Executive Board

Track and consider financial positions Performance Set goals, strategic plans, and operational directions of the company. To notify the management to proceed or report to the board of directors, etc.

2. Qualifications of the Executive Committee

Appointed by the committee with sufficient knowledge, ability, understanding and experience. Regarding insurance business operations With determination and ethics in conducting business Able to devote sufficient time to the company he is the executive director And paying attention to the performance of duties according to their responsibilities.

3. The term of the Executive Committee is 3 years.

Summary of responsibilities of the Audit Committee

1. Responsibilities of the Audit Committee

Supervise the process of preparing and disclosing information in the company’s financial reports. To be accurate, complete, reliable Ensure that the company Have appropriate internal control systems Propose to appoint the company’s auditor Take care not to cause conflicts of interest for the company to comply with relevant regulations and laws. Review evidence when in doubt or assume that There may be fraud or significant defects in the internal control system, etc.

2. Qualifications of the audit committee

– Appointed by the committee Is an independent director who has all the qualifications in accordance with the criteria specified in the announcement of the board of directors Securities and Exchange Commission has knowledge, ability, experience in internal control systems, etc.
– There is at least one audit committee with sufficient knowledge and experience. To be able to perform the duty of reviewing the credibility of the financial statements.

3. The term of the Executive Committee is 3 years.

Summary of duties and responsibilities of the Nomination and Compensation Committee

1. Responsibilities of the Nomination and Compensation Committee

     (1) Propose policies, criteria, and methods for nominating suitable persons to be a director. Advisory Board And the President For the Board of Directors to consider with regard to knowledge, capability, reputation, experience, and good reputation.
     (2) Propose compensation structure And other benefits for directors Various sub-committees Appointed by the board Advisory Board And the President For the Board of Directors to consider
     (3) Consider the policy And criteria for employee compensation

2. Qualifications of the Nomination and Compensation Committee

Appointed by the committee Have knowledgeable directors Sufficient experience in the selection of directors And determine the remuneration for the Board of Directors, executives and employees, with the Chairman of the Nomination and Remuneration Committee being an independent director and not Chairman of the Board

3. The term of the Executive Committee is 3 years.

Summary of duties and responsibilities of the Investment Committee

1. Responsibilities of the Investment Committee

     (1) Establish a written investment policy framework for approval from the Board of Directors.
          – scope of asset types that the company will invest in
          – The amount of investment that executives at each level can approve.
          – etc.
     (2) Consider and approve the company’s investment plans in line with the investment policy framework.
     (3) Supervise the investment of the company to achieve the return as approved by the Board of Directors.
     (4) Supervise corporate governance, transparency and prevention of conflicts of interest
     (5) Summary report and investment report to the Board of Directors
     (6) Determine the annual return target To request approval from the board of directors.
     etc.

2. Qualifications of the Investment Committee

Appointed by the Board of Directors There must be at least 3 people consisting of directors or executives of the company. And have knowledge, expertise and experience For not less than 3 years on investment management Risk management Or securities analysis

3. The term of the Executive Committee is 3 years.

Summary of responsibilities of the Risk Management Subcommittee

1. Responsibilities of the Investment Risk Management Subcommittee

     (1) Determine the risk And the source of the risk affecting the company.
     (2) Assess the risk And prioritize risks.
     (3) Define methods for responding to risks Or solutions to meet the specified policies or goals.
     (4) Monitoring and evaluation And report compliance with the policy or risk management guidelines already established.

2. Qualifications of the Risk Management Subcommittee

– have sufficient knowledge, ability, understanding and experience in risk management With determination and ethics in conducting business.
– Appointed by the Board of Directors There must be at least 5 members, with at least 1 director in the Risk Management Sub-committee. Other risk management sub-committees are the company’s directors or executives.

3. The term of the Executive Committee is 3 years.

Summary of Responsibilities for the Insurance Subcommittee

1. Responsibilities of the Insurance Consideration Subcommittee

     (1) Define the appropriate insurance policy and reinsurance policy
     (2) Act to ensure that the company Undertakes insurance according to policies approved by the Board of Directors.
     (3) Considering and approving the names of insurers With terms
     (4) Consider and approve guidelines for insurance And the company’s reinsurance
     etc.

2. Qualifications of the Insurance Subcommittee

ได้ รับการแต่งตั้งโดยคณะกรรมการ มีความรู้ ความสามารถ ความเข้าใจและมีประสบการณ์อย่างเพียงพอในเรื่องการรับประกันภัย ทั้งมีความตั้งใจและมีจริยธรรมในการดำเนินธุรกิจ

3. The term of the Executive Committee is 3 years.

Summary of responsibilities of the Claims Subcommittee

1. Responsibilities of the Claims Subcommittee

     (1) Establish insurance policy for compensation management
     (2) Supervise the status of claims And acting to ensure that the company Have sufficient and complete compensation or insurance reserves
     (3) Manage disputes from claims Manage and resolve cases of compensation fraud cases.
     etc.

2. Qualification of the compensation management sub-committee

Appointed by the committee with sufficient knowledge, ability, understanding and experience in compensation management. With determination and ethics in conducting business.

3. Term of the Compensation Management Subcommittee is 3 years.

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