E-SPIN recognizes the crucial importance of reliable corporate governance in maximizing its corporate value. In order to achieve this, the company is committed to enhancing its corporate governance practices by focusing on the following key areas:
- Transparent and Sound Management: E-SPIN aims to ensure that its management practices are transparent, accountable, and aligned with sound principles. This involves promoting openness in decision-making processes and maintaining integrity in all aspects of business operations.
- Prompt Decision-making and Business Execution: E-SPIN endeavors to achieve swift decision-making and efficient execution of business strategies. By streamlining processes and empowering designated executive officers, the company aims to enhance its agility in responding to market demands and capitalizing on emerging opportunities.
- Accountability Clarification: E-SPIN places great importance on clearly defining and assigning accountability across the organization. This includes specifying the roles and responsibilities of directors and executive officers, ensuring that each individual is aware of their obligations, and establishing mechanisms for monitoring and evaluating their performance.
- Timely, Appropriate, and Fair Information Disclosure: E-SPIN recognizes the significance of transparent communication with stakeholders. The company is committed to providing timely, accurate, and fair disclosure of information to shareholders, investors, employees, and the public, enabling them to make informed decisions and fostering trust in the company.
E-SPIN is dedicated to regularly reviewing and adapting its governance structures in response to changes in social conditions, legal requirements, and other relevant developments. These proactive measures are aimed at continuously strengthening corporate governance practices.
To further enhance the soundness and transparency of management, E-SPIN has established two categories of directors: directors and representative executives. Directors are responsible for determining company-wide management policies and overseeing business processes, while executive officers are entrusted with executing business operations based on their designated responsibilities.
To ensure transparency and objectivity in management, E-SPIN has formed a Compensation and Nominating Committee. This committee examines recommendations for director candidates, evaluates director performance, and proposes compensation plans, contributing to a more transparent and objective decision-making process.
In order to oversee and ensure effective corporate governance practices, E-SPIN utilizes both external independent auditors and internal auditors. The Board of Directors, in collaboration with these auditors, supervises the direction and operation of corporate governance. This oversight extends to the activities of the board itself, ensuring appropriateness and adherence to established governance principles.
E-SPIN has also established an Internal Control System, approved by the Board of Directors, to serve as a framework for maintaining proper control and compliance within the organization. This system is guided by the Internal Control Policy and the Code of Conduct of the E-SPIN Group, which sets the standard for all business activities. The Internal Control Committee, along with the Internal Control Office, plays a pivotal role in designing and enhancing the compliance system, information security management system, risk management system, management efficiency system, and other internal control mechanisms of the E-SPIN Group. The company is committed to continually strengthening and improving these systems to ensure effective governance and mitigate risks effectively.
The post original published in 2012-Jul-16, rewrite in 2023-May-16.