Corporate Governance
INTRODUCTION
Nioglow Co Ltd is committed to upholding the highest standards of corporate governance in order to earn and maintain the trust of our stakeholders. We believe that effective governance is essential to achieving our business objectives and maximizing long-term shareholder value.
To this end, we have adopted a number of codes and principles that provide a framework for promoting sound corporate governance within our organization. These include the Codes of Corporate Governance for Investment Companies Post Consolidation, the Code of Best Practice, and Nioglow’s Principles of Corporate Governance. Our subsidiary entities are also guided by these principles and ensure compliance with the regulations of their respective jurisdictions.
The board of directors plays a crucial role in providing oversight and strategic guidance to the company, while also ensuring that we meet all regulatory requirements and maintain acceptable levels of risk. To this end, the board regularly reviews and updates our governance policies and practices to ensure that they are effective and in line with best practices.
In addition to our internal governance frameworks, we are also committed to compliance with all relevant laws, regulations, standards, and codes. This includes ensuring that we meet the requirements of our local jurisdictions, as well as any industry-specific regulations that may apply to our business. We have established robust compliance systems and processes to ensure that we meet these obligations and to identify and address any potential issues in a timely manner.
We believe that transparency and effective communication with our stakeholders is a key aspect of good corporate governance. To this end, we regularly engage with our shareholders, employees, customers, and other stakeholders through various channels, including management reports, investor presentations, and other public disclosures. This allows us to stay connected with our stakeholders and to keep them informed about our business, strategy, and performance.
GOVERNANCE STRUCTURE
Shareholders’ meetings are a key aspect of our corporate governance practices. These meetings are held in accordance with our articles of association and relevant statutory and regulatory requirements, and are open to all shareholders or their proxies.
The purpose of these meetings is to discuss and deliberate on issues affecting the strategic direction of Nioglow. They provide an opportunity for the board of directors, management, and shareholders to engage in dialogue and exchange ideas. The meetings are held in a fair and transparent manner, and are attended by members of the press and representatives of relevant stock exchanges. Notice of the meetings is provided to shareholders in advance, and an extraordinary general meeting may also be called upon the request of the board or shareholders holding at least 10% of our paid-up capital.”