Corporate Governance Code of Best Practice | Status |
---|---|
Corporate Governance Charter |
O |
Code of Ethics for Corporate and employee |
O |
Cumulative voting ·Excluded cumulative voting under the Article 26 (Appointment of Directors) |
X |
Provide annual general meeting information to shareholders in advance Cumulative voting |
O |
Board composition (Outside Director majority) ·3 Executive Directors, 4 Outside Directors - Including 1 Lead Outside Director |
O |
Separation of CEO and Chairman of the board ·Although CEO holds an additional position as Chairman of the Board, CEO and Chairman are appointed separately by the BoD |
X |
Disclosure of Board activities, attendance, agenda and voting results |
O |
Composition of Nominating Committee for Outside Directors ·1 Executive director, 4 Outside director |
O |
Composition of Compensation Committee ·1 Inside director, 2 Outside director |
O |
Composition of Audit Committee ·4 Outside director |
O |
Disclosure of BoD Committee's current composition, role, and activities |
O |
Adopt and disclose operation guidelines for the BoD and Committees |
O |
Provide Directors and Officers liability insurance at the company's expense |
O |
Evaluation of Board activities ·Company may introduce a system to evaluate the board’s operation and performance by Regulations of the B of D |
O |
Maintain independence of external auditors |
O |
Certification of accuracy and integrity of financial reports by CEO and CFO |
O |
Explanation difference between the current practice and the 'Code of Best Practice' |
O |
Disclosure of audit reports and major timely issues |
O |