45 General Principles Good Corporate Governance Principles Directors’ Code of Business Ethics Appendix Code of Business Ethics Anti-Corruption Electricity Generating Public Company Limited 4. No business relationship with EGCO Group, subsidiaries, associates, or juristic person with potential conflict of interest in the manner that may obstruct impartial judgement. Never a major shareholder, nor director who is not independent director or executives with business relationship with EGCO, subsidiaries, associates or juristic person with potential conflict of interest, except with at least two years gap of such position before the date of application for formal endorsement. 5. Not serving or never serve as auditor of EGCO Group, subsidiaries juristic person with potential conflict of interest; and not a major shareholder, non-independent director, executive partner in an audit firm with potential conflict of interest with those auditing the accounts of EGCO Group, subsidiaries or juristic person with potential conflict of interest. Except with at least two years gap from such position before the date of applying for formal endorsement 6. Never provide any professional service including paid legal, financial advisory of over THB two million per annum from EGCO Group, subsidiaries, associates or juristic person with potential conflict of interest. Case of professional service as juristic persona shall include being a major shareholder, non-independent director, executive or executive partners in such professional practice, except ending of such tenure for over two years on the date of application of formal endorsement. 7. Not appointee director to represent director of EGCO, major shareholder or shareholders related to EGCO’s major shareholders. 8. No other characteristics that obstruct impartiality in deliberation of EGCO operation. The Nomination and Renumeration Committee (NRC) shall consider and validate Independent Director’s qualifications.
RkJQdWJsaXNoZXIy ODg4NTI=