44 Good Corporate Governance Principles and Code of Business Ethics (Edition 2022) 1.5 Independent Director Independent director must possess the following qualifications in full. 1. Hold no more than 0.5% of all shares with voting rights of EGCO, subsidiaries, joint ventures or juristic person with potential conflict of interest (including related persons according to Section of 258 of the Securities Act). 2. Not serving or used to serve as executive director (executive director; director with management responsibility, and authorized director except as authorized director pursuant prior Board approval; or joint signatory with other directors), employee, staff, or paid advisor/with control over EGCO, associates, subsidiaries in the same tier (over two subsidiaries under the same umbrella company) or juristic person with potential conflict of interest, except at least two-years gap from these positions. 3. Not direct descendant or relative, nor related legally as parent, spouse, children, and spouses of executives, shareholders, those with authority and control, or those potentially nominated as executives with management power in EGCO or subsidiaries.
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