The purpose of good corporate governance is to ensure that businesses have the appropriate decision-making processes and controls to ensure that all stakeholders’ interests (shareholders, employees, suppliers, customers and the community) are balanced. At the corporate level, governance involves setting and achieving the company’s goals while considering the social, regulatory, and market contexts.

This concept refers to practices and procedures for ensuring that our company runs in a manner to meet its objectives while ensuring that its stakeholders can have confidence that they can trust the company in its ability to make ethical and high-quality decisions is essential to building a sustainable business.

Our principles-based governance provides the base for our many actions leading to sustainable value creation. We continue to balance the pursuit of top-line and bottom-line growth with capital efficiency. Aiming for business to be a force for good, we use our scale, resources and expertise to create shared value for all our stakeholders. Our diverse and competent Board of Directors is engaged to oversee the direction of our company. We have continuously strengthened the Board with diverse experience and expertise.

We regularly review all aspects of our governance, as well as our asset and liability management and other topics. We recognize that for our company to be successful over time and to be a force for good, we must also create value for society. Our governance helps us strike the right balance in our pursuit of long-term, sustainable value creation.