14 Good Corporate Governance Principles and Code of Business Ethics (Edition 2022) Guideline for the Good Corporate Governance Principles and Code of Business Ethics • Good Corporate Governance Principles and Code of Business Ethics shall be applied to EGCO and Subsidiaries’ Personnel at all levels. • Personnel of Joint Ventures or Associates which have their own good corporate governance principles and code of business ethics, shall comply with such policies. However, in case the Joint Ventures or Associates do not have their policies, EGCO encourages that this policies be applied to the extent that it is not contrary to laws of Joint Ventures or Associates’ country of residence. Scope of Application Compliance with the Good Corporate Governance Principles and Code of Business Ethics EGCO stipulates the Good Corporate Governance Principles, Directors’ Code of Business Ethics, and Code of Business Ethics to guide EGCO Personnel ranging from the Directors, Executives, and employees, as framework in their performance and conduct, which will enable EGCO to operate business ethically and sustainably. • Board of Directors has the duties to formulate policies and facilitate preparation of Good Corporate Governance Principles, Director’s Code of Business Ethics and Code of Business Ethics, for compliance and as governance tool to ensure long-lasting solid performance, inspiring trust among Shareholders and Stakeholders which in turn reinforce the Company’s long-term value creation.
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