Corporate Governance Policy
Supervision of subsidiaries and associated companies
The nomination and exercise of voting rights to appoint persons to be directors in subsidiaries and associated companies is carried out by the management and must be approved by the Board of Directors. The person who is appointed as a director in the subsidiary or associated company will be responsible for operating in the best interests of the subsidiary or the associated company.
The Company supervises its subsidiaries and associated companies regarding to the disclosure of financial position and operating performances, transactions between the subsidiaries and connected persons, the acquisition or disposition of assets or making any other important transactions of the said subsidiary in its entirety. The Company has set the regulations on connected transactions and disclosure of information in accordance with the Company’s rules including supervising the collection of data to be accurate and complete accounting records can be checked and collecting information to prepare consolidated financial statements within the deadline.