A summary of the business charter, including standards and determinants of the code of conduct and ethical standards
The Company’s Code of Conduct is founded on an integrated institutional framework designed to embed the highest standards of professional behavior and ethical values. It serves as a mandatory reference for members of the Board of Directors, Executive Management, and all employees. The Code is based on core principles including integrity, transparency, mutual respect, and compliance with applicable laws and regulations, fostering a work environment grounded in trust and professional accountability.
The Code also sets out clear guidelines for professional conduct, including maintaining objectivity and independence in decision-making, safeguarding the confidentiality of information, and avoiding practices that could harm the Company’s reputation or its stakeholders’ interests. It promotes a strong culture of compliance and the prevention of fraud, corruption, and insider information misuse. In addition, the Code underscores every individual’s responsibility to support a safe, fair, and non-discriminatory work environment, thereby enhancing the sustainability of institutional performance and preserving the Company’s standing in the market.
Summary of the policies and mechanisms for reducing conflicts of interest
The Company adopts a stringent control framework to mitigate conflicts of interest, grounded in the principles of disclosure, transparency, and proactive oversight. Conflicts of interest are defined as any situation in which personal interests intersect with professional duties in a manner that may compromise neutrality and objectivity in decision-making
Within this framework, the Company is committed to implementing a set of policies and mechanisms, most notably:
- Requiring members of the Board of Directors, Executive Management, and employees to disclose, in advance, any direct or indirect interest that may constitute a conflict with the Company’s interests.
- Prohibiting the misuse of position or Company resources for personal gain or for the benefit of related parties.
- Subjecting all related-party transactions to review and approval in accordance with approved governance frameworks, ensuring they are conducted on an arm’s-length basis.
- Implementing internal control procedures that ensure segregation of duties and reinforce independent decision-making.
- Referring potential cases to the relevant internal functions (such as the Compliance Department) to take appropriate corrective action.
This framework underscores that managing conflicts of interest is not a procedural formality, but a fundamental pillar for safeguarding the integrity of operations and strengthening the confidence of investors and stakeholders, in alignment with best governance practices and applicable regulatory requirements.
