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Good corporate governance is defined as the structure and processes by which companies are directed and controlled; this set of processes involves interactions among the Board, executives, employees, and shareholders. The aim is to generate benefits for all shareholders in an appropriate manner. The structure and processes should embrace and reflect the following principles.

1. Accountability – responsibility for the Company’s decisions and actions and providing explanations for such decisions.

2. Responsibility – being committed to the Company’s mission and operating with sufficient capacity and efficiency.

3. Equitable Treatment – treating all stakeholders in a fair and equitable manner.

4. Transparency – embracing transparency in all endeavors and allowing for inspection measures and disclosure of information to all relevant parties.

5. Creation of Long Term Value – having a vision for creating long-term organizational value addition.

6. Ethics – embracing good business ethics and a moral code of business conduct