Corporate Governance Framework and Structure

Corporate Governance Framework

[GRI 2-9 (2021)]

The Board of Directors (BOD) prescribes Good Corporate Governance Principles based on 6 pillars – P-R-E-A-C-T– as a framework for overseeing and managing EGCO Group’s business operations as follows:

P

Promotion of Best Practice

Promote compliance with good corporate governance principles and Code of Conduct

R

Responsibility

Operate business with responsibility towards the community and society and caring for the environment

E

Equitable Treatment

Treat all shareholders and stakeholders equally

A

Accountability

Perform duties with honesty and integrity

C

Creation of Long-Term Value

Create long-term value for the shareholders and increase competitiveness to create sustainable growth

T

Transparency

Ensure fairness, transparency, accountability and no direct or indirect involvement in any form of fraud and corruption

Corporate Governance Structure

EGCO Group established guidelines for effective corporate governance by assigning a board of directors with the responsibilities of overseeing and monitoring management’s performance, and determining policies and strategic plans, which impact the group’s current and future operational directions. Effective corporate governance would foster compliance with international standards, and enhance the trust and credibility of stakeholders in a transparent and fair management system. Additionally, the BOD appointed 5 sub-committees to effectively work in each area.

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Corporate Governance Framework and Structure