The Board of Directors plays a valued and positive role in shaping strategy, policy, and the function of the management team. Chosen by a majority vote of shareholders, the Board consists of independent Directors, executives, institutional investors, and shareholders’ representatives. The Board meets Quarterly to share their extensive leadership experience on core strategic aspirations and assess key performance indicators, collectively leading the corporation to sustainable success.
The composition of the Board of Directors matches the company’s required skills concerning experience, understanding of manufacturing, distribution and Sales, financial expertise, and the company’s strategic aspirations.
The Board of Directors undergoes an annual self-evaluation the term of the Board is renewed every three years.
As part of our code of ethics procedure, the Board follows all conflict of interest and insider trading principles. Board Directors submit an annual disclosure form detailing ownerships and board membership in other companies. Directors who may have a conflict of interest concerning a board decision are not permitted to vote nor attend the discussion process.
The Board has an effective Audit Committee that has a strategic priority to lead the effective oversight of operations, risk management process and implementation of internal controls.