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Our Corporate Governance System
VNL has a corporate governance system that fully aligns with recognized standards, ensuring the full exercise of the Company’s shareholders’ rights, and allowing for effective relationships with the shareholders, investors, and other stakeholders.
Our business is conducted by the employees, managers and executive officers, under the direction of the MD/CEO and the oversight of the Board, to ensure value maximization across the organization’s value chain for the benefit of the shareholders and the Country in general.
Key elements of VNL’s Governance Framework include:
- Internal control frameworks
- Enterprise Resource Planning (ERP) system
- Appropriate policies and procedures
- Code of Business Conduct
- External Legal Counsel
- Governance Principles
The key focus areas of our Corporate Governance principles include the following:
- Respect for the rights of shareholders, and secure equality
- Keeping the interests of shareholders, customers, communities, business partners, employees and other stakeholders in mind and to work in an appropriately cooperative manner with them
- Disclose company information as appropriate and ensure transparency in all our operations and interactions
- Directors, Executive Officers, and Special Audit & Supervisory Officers shall be aware of their responsibilities and shall strive to fulfil the roles and responsibilities expected of them
- VNL shall engage in constructive dialogue with shareholders