Corporate governance refers to a number of principles adopted by a company, aiming to uphold its performance and the interests of its shareholders and all stakeholders.
Recognizing the importance of corporate governance principles and the benefits derived from their adoption, we follow international practices and standards in this area and opt for the systematic implementation of these principles throughout Company’s operations.
The applied by the Company principles and practices are incorporated in the Articles of Incorporation, the Code of Conduct and other Company’s by-laws regulating its operations.
Fundamental Principles of the Corporate Governance System
The fundamental principles on which the corporate governance system is based involve the following:
Ensuring transparency and effective control over management
Two-way communication between company’s stakeholders and company's management
Assurance of Company’s operational efficiency
The three main pillars for the application of corporate governance rules and practices concern the role of the Board of Directors, the executive members and the control, the protection of shareholders’ rights and the enhancement of transparency and information disclosure.