CORPORATE GOVERNANCE REPORT
%XLOGLQJ 8S )XQGDPHQWDOV r DQQXDO UHSRUW
Notice of Annual General Meeting
Statistics of Shareholdings
Financial Contents
Corporate Governance Report
Guidelines
of the Code
Corporate Governance Practices of the Company
7KH 1& ZLWK WKH FRQFXUUHQFH RI WKH %RDUG KDV GHFLGHG QRW WR ƭ[ D OLPLW RQ WKH QXPEHU RI ERDUG
UHSUHVHQWDWLRQV RI HDFK GLUHFWRU DV LW FRQVLGHUV WKDW WKH ERDUG UHSUHVHQWDWLRQV SUHVHQWO\ KHOG E\ LWV
GLUHFWRUV GR QRW LPSHGH WKH SHUIRUPDQFH RI WKHLU GXWLHV WR WKH &RPSDQ\
1R DOWHUQDWH GLUHFWRU KDV EHHQ DSSRLQWHG WR WKH %RDUG
7KH 1& LV UHVSRQVLEOH IRU LGHQWLI\LQJ DQG UHFRPPHQGLQJ QHZ ERDUG PHPEHUV WR WKH %RDUG DIWHU
FRQVLGHULQJ WKH QHFHVVDU\ DQG GHVLUDEOH FRPSHWHQFLHV RI WKH FDQGLGDWHV ZKLFK LQFOXGH L DFDGHPLF
DQG SURIHVVLRQDO TXDOLƭFDWLRQV LL LQGXVWU\ H[SHULHQFH LLL QXPEHU RI RWKHU GLUHFWRUVKLSV LY
UHOHYDQW H[SHULHQFH DV D GLUHFWRU DQG Y DELOLW\ DQG DGHTXDF\ LQ FDUU\LQJ RXW UHTXLUHG WDVNV
7KH 1& OHDGV WKH SURFHVV IRU %RDUG DSSRLQWPHQWV DQG PDNHV UHFRPPHQGDWLRQV WR WKH %RDUG 7KH
LQWHJUDWHG SURFHVV RI DSSRLQWPHQW LQFOXGHV
L
GHYHORSLQJ D IUDPHZRUN RQ GHVLUHG FRPSHWHQFLHV DQG GLYHUVLW\ RQ %RDUG
LL
DVVHVVLQJ FXUUHQW FRPSHWHQFLHV DQG GLYHUVLW\ RQ %RDUG
LLL
GHYHORSLQJ GHVLUHG SURƭOHV RI QHZ GLUHFWRUV
LY LQLWLDWLQJ VHDUFK IRU QHZ GLUHFWRUV LQFOXGLQJ H[WHUQDO VHDUFK LI QHFHVVDU\
Y VKRUWOLVWLQJ DQG LQWHUYLHZLQJ SRWHQWLDO GLUHFWRU FDQGLGDWHV
YL
UHFRPPHQGLQJ DSSRLQWPHQWV DQG UHWLUHPHQWV WR WKH %RDUG DQG
YLL
HOHFWLRQ DW JHQHUDO PHHWLQJ
4.7
7KH SURƭOH RI DOO %RDUG PHPEHUV LV VHW RXW LQ WKH VHFWLRQ HQWLWOHG n%RDUG RI 'LUHFWRUVo 7KH GDWH RI
WKH GLUHFWRUVo LQLWLDO DSSRLQWPHQW DQG ODVW UH HOHFWLRQ DQG WKHLU GLUHFWRUVKLSV DUH GLVFORVHG LQ 7DEOH
([FHSW DV GLVFORVHG LQ 7DEOH WKHUH ZHUH QR RWKHU GLUHFWRUVKLSV RU FKDLUPDQVKLSV KHOG E\ WKH
GLUHFWRUV RYHU WKH SUHFHGLQJ WKUHH \HDUV LQ RWKHU OLVWHG FRPSDQLHV
Board Performance
3ULQFLSOH 7KHUH VKRXOG EH D IRUPDO DQQXDO DVVHVVPHQW RI WKH HƫHFWLYHQHVV RI WKH %RDUG DV D ZKROH DQG LWV ERDUG
FRPPLWWHHV DQG WKH FRQWULEXWLRQ E\ HDFK GLUHFWRU WR WKH HƫHFWLYHQHVV RI WKH %RDUG
Guidelines
of the Code
Corporate Governance Practices of the Company
WR
7KH %RDUG KDV WKURXJK WKH 1& LPSOHPHQWHG DQ DQQXDO HYDOXDWLRQ SURFHVV WR DVVHVV WKH
HƫHFWLYHQHVV RI WKH %RDUG DV D ZKROH WKH %RDUG &RPPLWWHHV DQG WKH FRQWULEXWLRQ RI HDFK LQGLYLGXDO
GLUHFWRU 7KH 1& LV DOVR UHVSRQVLEOH IRU GHFLGLQJ KRZ WKH %RDUGoV SHUIRUPDQFH PD\ EH HYDOXDWHG DQG
FRQVLGHUV SUDFWLFDO PHWKRGV WR DVVHVV WKH HƫHFWLYHQHVV RI WKH %RDUG
7KH 1& KDV DGRSWHG D IRUPDO V\VWHP RI HYDOXDWLQJ WKH %RDUG DV D ZKROH DQQXDOO\ $ %RDUG
SHUIRUPDQFH HYDOXDWLRQ ZDV FDUULHG RXW DQG WKH DVVHVVPHQW SDUDPHWHUV LQFOXGH HYDOXDWLRQ RI WKH
%RDUGoV FRPSRVLWLRQ VL]H DQG GLYHUVLW\ %RDUG SURFHVVHV DQG SURFHGXUHV %RDUG DFFRXQWDELOLW\
HYDOXDWLRQ DQG VXFFHVVLRQ SODQQLQJ DV ZHOO DV WKH HIILFLHQF\ DQG HIIHFWLYHQHVV RI WKH %RDUG
&RPPLWWHHV LQ DVVLVWLQJ WKH %RDUG 7KH DQQXDO HYDOXDWLRQ H[HUFLVH SURYLGHV DQ RSSRUWXQLW\ WR
REWDLQ FRQVWUXFWLYH IHHGEDFN IURP HDFK GLUHFWRU RQ ZKHWKHU WKH %RDUGoV SURFHGXUHV DQG SURFHVVHV
KDG DOORZHG KLP WR GLVFKDUJH KLV GXWLHV HƫHFWLYHO\ DQG WR SURSRVH FKDQJHV ZKLFK PD\ EH PDGH WR
HQKDQFH WKH %RDUG HƫHFWLYHQHVV DV D ZKROH
