According to the Securities and Exchange Commission has issued the Corporate Governance Code for listed companies 2017 (CG Code) to encourage the board to apply Principles that are suitable for the business context of the Company, the Board of Directors has reviewed and implemented the oversight as follows: 1) assisting in determining the key objectives or goals aimed at creating the value of the business sustainably 2) as a guideline to support can achieve objectives or goals and 3) as a guideline for monitoring and evaluating the performance of the management and disclose operating results to stakeholders, aligned with the 8 Principles, as shown the table below;
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UT Board’s oversight |
SEC CG Code |
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Assisting in determining the key objectives or goals aimed at creating the value of the business sustainably |
Principle 1: Establish Clear Leadership Role and Responsibilities of the Board Principle 2: Define Objectives that Promote Sustainable Value Creation |
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As a guideline to support can achieve objectives or goals |
Principle 3: Strengthen Board Effectiveness Principle 4: Ensure Effective CEO and People Management Principle 5: Nurture Innovation and Responsible Business |
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As a guideline for monitoring and evaluating the performance of the management and disclose operating results to stakeholders |
Principle 6: Strengthen Effective Risk Management and Internal Control Principle 7: Ensure Disclosure and Financial Integrity Principle 8: Ensure Engagement and Communication with Shareholders |
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Practices that divert from CG Code
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