Mechanism for Supervision The Bank has mechanism to supervise subsidiaries for controlling the operation of subsidiaries in which to keep benefit covering investment, The Board of Directors has determined “Consolidated Supervision Policy”, which includes policies as follows • Accounting Policy To determine the accounting and financial report policy for the Bank to collect related information from the subsidiaries for generating consolidated financial report correctly, in the same direction and in compliance with the Bank of Thailand’s rule and regulation and analyzing performance and financial status of the subsidiaries correctly and promptly for controlling and following. • Corporate Governance Policy and Policy on Confidential & Insider Information and Conflicts of Interest Corporate Governance Policy determine the policy for the subsidiaries to conduct under business ethic and the morality and the best practices are concerning in good corporate governance and best practices which should be in line with Good Corporate Governance Policy. Policy on Confidential & Inside Information and Conflicts of Interest is applied both the bank and the subsidiary companies to prevent conflict of interest issue and misusing the internal information and aligned with the bank’s policy. • Anti-Corruption Policy Anti-Corruption Policy determine the policy for the subsidiaries to conduct in the same manner of the Bank, as well as applying the relevant laws on such matter. This is to support the bank and subsidiaries’ intention in anti-corruption, anti-bribery dealing with either government or private sector. • Risk Management Policy To determine the risk management policy of the subsidiaries covering various aspects of risk relating to companies’ performance and impacting the stability of the Group Companies including market risk management, liquidity risk management, operational risk management, credit risk management, market conduct risk management, and recovery plan. • Compliance Policy To determine the policy for the subsidiaries to conduct under Compliance Policy and relevant Regulatory Policy such as Regulatory Compliance, Bank of Thailand’s Regulatory, Compliance and Know your Customer, Anti-Money Laundering Act, and Counter Terrorism Financing Act. • Corporate Communication Policy To determine the policy for the subsidiaries to conduct in the same way and promote Bank image in aspect of name and brand and disclose information of the subsidiaries. 222 TMBThanachart Bank Public Company Limited
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