At the core of our corporate governance practice is the Executive Board, which
oversees how the management serves and protects the long-term interests of all
stakeholders of the Company.
We believe that sound corporate governance is critical to enhance and retain
the trust of all stakeholders. Accordingly, we always seek to ensure that we
adhere to attain our performance rules with integrity. Our Board exercises its
fiduciary responsibilities in the widest sense of the term. Our disclosures
always seek to attain the best practices in international corporate governance.
Our corporate governance philosophy is based on the following principles:
1. Satisfy the spirit of the law and not just the letter of the law. Corporate
governance standards should go beyond the law.
2. Comply with the laws in all the countries in which the Company operates.
3. Have a simple and transparent corporate structure driven solely by business
needs.
4. Make a clear distinction between personal conveniences and corporate
resources.
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