Significant Developments in Corporate Governance Policy, Procedures and Governance System in 2023 In 2023, IRPC implemented corporate governance activities to further develop, standardize and strengthen corporate governance system by reviewing policy, principles, and relevant procedures in accordance with the rules, notifications, and guidelines for good corporate governance of the SEC Office and SET on a regular basis as well as implementing the Corporate Governance Plan in 2023, approved by the Corporate Governance Committee, as follows: Change and Significant Developments Relating to the Reviews of Corporate Governance Policy, Guidelines and Governance Systemร In 2023, the company made important changes and new developments regarding policies, guidelines, and corporate governance system in order to increase the efficiency of supervisory oversight and raise the standard of corporate governance in line with the CG Code. The Corporate Governance and Sustainability Committee took the initiative to effect the changes and put into motion new developments and presented to the Board of Directors key plans of actions as follows: 1. Improved Board ef fect iveness by establ ishing a Sustainability Committee by enhancing the role of the Corporate Governance Committee, amending its charter and changing the name of the Corporate Governance and Sustainability Committee. 2. Approved work plans relating to Corporate Governance, corporate compliance, sustainability management and CSR to ensure they continue to contribute positively to society, communities and the environment, producing concrete outcomes, are suitable, in alignment with and enhance the company’s vision and business strategies. These work plans must be continuously monitored and evaluated. 3. Reviewed a total of 14 handbooks relating to the Corporate Governance policies, with five additional handbooks slated for a review in 2024 to ensure the company’s corporate governance is up to date and consistent with good practices both in Thailand and at the international level. 4. Approved the policy and guidelines on Facilitation Payment and Revolving Door recruitment. 5. Approved climate change policy. 6. Approved biodiversity policy. 7. Approved the evaluation the Board of Directors performance for the year 2023. 8. Improved the efficiency of the corporate governance work systems through digitalization by upgrading existing work systems, such as No Gifts Reporting, Conflict of Interest (COI), Document Control (CEO & CACG), E-Learning, alongside the introduction of new systems, including Human Rights Risk Assessment, Anti-Corruption Risk Assessment, IRPC Group Way of Conduct and Manual of Delegated Authority (MODA) for Subsidiaries, which are scheduled for official launch in 2024. 210 Corporate Governance Policy IRPC Public Company Limited
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