Accountability

Corporate Governance : Accountability of the Board of the Directors

Structure of the Board of Directors
The election of the Company’s directors is held in accordance with the resolution at shareholders’ meetings based on the criteria and methods set by law and the Company’s Articles of Association. Each director holds a 3-year term and each year the 3 longest-serving directors shall retire so that there will be the election of new directors every year. On December 31, 2017, the Board of Directors consists of 7 members:

Executive directors 4
Independent directors 3