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
$OVR 5XOH
RI 6*; 67
/LVWLQJ
0DQXDO
7KH %RDUG LV UHVSRQVLEOH IRU HQVXULQJ WKDW PDQDJHPHQW PDLQWDLQV D VRXQG V\VWHP RI LQWHUQDO
FRQWUROV WR VDIHJXDUG VKDUHKROGHUVo LQYHVWPHQW DQG WKH *URXSoV DVVHWV )RU )<
EDVHG RQ L
WKH *URXSoV IUDPHZRUN RI PDQDJHPHQW FRQWURO LL WKH LQWHUQDO FRQWURO SROLFLHV DQG SURFHGXUHV
HVWDEOLVKHG DQG PDLQWDLQHG E\ WKH *URXS DV ZHOO DV LLL WKH UHJXODU DXGLWV PRQLWRULQJ DQG UHYLHZV
SHUIRUPHG E\ WKH LQWHUQDO DQG H[WHUQDO DXGLWRUV WKH %RDUG ZLWK WKH FRQFXUUHQFH RI WKH $& LV RI WKH
RSLQLRQ WKDW WKH V\VWHPV RI LQWHUQDO FRQWUROV DQG ULVN PDQDJHPHQW ZLWKLQ WKH *URXS DUH DGHTXDWH
DQG HƫHFWLYH LQFOXGLQJ WKH ƭQDQFLDO RSHUDWLRQDO FRPSOLDQFH DQG LQIRUPDWLRQ WHFKQRORJ\ FRQWUROV
DQG ULVN PDQDJHPHQW WKDW KDV EHHQ PDLQWDLQHG E\ WKH *URXSoV PDQDJHPHQW DQG WKDW ZDV LQ SODFH
WKURXJKRXW WKH ƭQDQFLDO \HDU
7KH %RDUG DFNQRZOHGJHV WKDW LW LV UHVSRQVLEOH IRU WKH RYHUDOO LQWHUQDO FRQWURO IUDPHZRUN EXW
UHFRJQLVHV WKDW QR FRVW HƫHFWLYH LQWHUQDO FRQWURO V\VWHP ZLOO SUHFOXGH DOO HUURUV DQG LUUHJXODULWLHV
DV D V\VWHP LV GHVLJQHG WR PDQDJH UDWKHU WKDQ HOLPLQDWH WKH ULVN RI IDLOXUH WR DFKLHYH EXVLQHVV
REMHFWLYHV DQG FDQ SURYLGH RQO\ UHDVRQDEOH DQG QRW DEVROXWH DVVXUDQFH DJDLQVW PDWHULDO
PLVVWDWHPHQW RU ORVV
$Q\ PDWHULDO QRQ FRPSOLDQFH DQG LQWHUQDO FRQWURO ZHDNQHVVHV QRWHG GXULQJ WKH LQWHUQDO DXGLW DQG
WKH UHFRPPHQGDWLRQV WKHUHRI DUH UHSRUWHG WR WKH $& DV SDUW RI WKH UHYLHZ RI WKH *URXSoV LQWHUQDO
FRQWURO V\VWHP
7KH %RDUG KDV UHFHLYHG DVVXUDQFH IURP WKH &(2 WKH &22 DQG WKH *URXS &)2 WKDW WKH ƭQDQFLDO
UHFRUGV RI WKH &RPSDQ\ KDYH EHHQ SURSHUO\ PDLQWDLQHG DQG WKH ƭQDQFLDO VWDWHPHQWV JLYH D WUXH DQG
IDLU YLHZ RI WKH &RPSDQ\oV RSHUDWLRQV DQG ƭQDQFHV DV ZHOO DV WKH HƫHFWLYHQHVV RI WKH &RPSDQ\oV
ULVN PDQDJHPHQW DQG LQWHUQDO FRQWURO V\VWHPV
7KH &RPSDQ\ KDV QRW SXW LQ SODFH D 5LVN 0DQDJHPHQW &RPPLWWHH +RZHYHU 0DQDJHPHQW KDYH
LQ SODFH D ƭQDQFLDO ULVN PDQDJHPHQW SROLF\ DQG UHJXODUO\ UHYLHZV WKH &RPSDQ\oV EXVLQHVV DQG
RSHUDWLRQDO DFWLYLWLHV WR LGHQWLI\ DUHDV RI VLJQLƭFDQW EXVLQHVV ULVNV DV ZHOO DV DSSURSULDWH PHDVXUHV
WR FRQWURO DQG PLWLJDWH WKHVH ULVNV 0DQDJHPHQW UHYLHZV DOO VLJQLILFDQW FRQWURO SROLFLHV DQG
SURFHGXUHV DQG KLJKOLJKWV DOO VLJQLƭFDQW PDWWHUV WR WKH GLUHFWRUV DQG $& 'HWDLOV RI WKH *URXSoV
ULVN PDQDJHPHQW SROLF\ DUH VHW RXW LQ 1RWH p)LQDQFLDO 5LVN 0DQDJHPHQWq RI WKH 1RWHV WR WKH
&RQVROLGDWHG )LQDQFLDO 6WDWHPHQWV
AUDIT COMMITTEE
3ULQFLSOH 7KH %RDUG VKRXOG HVWDEOLVK DQ $XGLW &RPPLWWHH p
AC
q ZLWK ZULWWHQ WHUPV RI UHIHUHQFH ZKLFK FOHDUO\ VHW RXW
LWV DXWKRULW\ DQG GXWLHV
Guidelines
of the Code
Corporate Governance Practices of the Company
7KH $& UHJXODWHG E\ D VHW RI ZULWWHQ WHUPV RI UHIHUHQFH FRPSULVHV IRXU LQGHSHQGHQW QRQ H[HFXWLYH
GLUHFWRUV DQG RQH QRQ H[HFXWLYH GLUHFWRU 7KH QDPHV RI WKH PHPEHUV RI WKH $& DUH GLVFORVHG LQ
7DEOH
7KH $& KDV IRXU PHPEHUV QDPHO\ 0U $QJ 0LDK .KLDQJ 0U 5RQQLH 7HR +HQJ +RFN 0U /HH *HH
$LN DQG 0U :X .XDQJ KXL ZKR KDYH DFFRXQWLQJ RU UHODWHG ƭQDQFLDO PDQDJHPHQW H[SHUWLVH RU
H[SHULHQFH
7KH $& KDV IXOO DFFHVV WR DQG WKH FR RSHUDWLRQ RI 0DQDJHPHQW DQG KDV IXOO GLVFUHWLRQ WR LQYLWH DQ\
GLUHFWRU RU H[HFXWLYH RưFHU WR DWWHQG LWV PHHWLQJV DQG KDV EHHQ JLYHQ DGHTXDWH UHVRXUFHV WR HQDEOH
LW WR GLVFKDUJH LWV IXQFWLRQV
