The foundation of our business is directly related to the way our corporate is governed. It is designed to clarify the distribution of roles, responsibilities, accountability and rights of our leaders, employees, partners and stakeholders. Our corporate governance serves as a common ground for our partners and a moral code for our employees, ensuring long-term investments and sustainable economic growth. Compliance with our Code of Conduct, which is adopted and administrated by the Boards of Directors, is obligatory to uphold transparency and fairness of our business, and also helps to tackle ethical violations such as bribery and corruption.