P1-01

The system by which companies are directed and controlled in the interest of shareholders and stakeholders

• Fairness
• Transparency
• Independence
• Probity
• Responsibility
• Accountability
• Reputation
• Judgment
• Integrity

Equal treatment of all Stakeholders

• Observe clarity (not ambiguous)
• Do not withhold information
• Provide relevant information

usually done through news release or annual report

• No conflict of interest
• Act to avoid being unduly influenced by vested interest

• Do not mislead when providing information
• Honesty

• Authority assumes responsibility:
• - accepts liability and duty willingly
• - bear the consequences of failure

• Responsibility of management to uphold good reputation
• Develop and maintain personal reputation and moral stance of organization as well as accounting professionalism

• Directors decisions to achieve objectives
• Directors must be able to communicate a meaningful conclusion based on their judgement/decisions
• Ability to interpret codes as well as their compliance

• Adhere to a strict moral and ethical standards
• Do not compromise under any pressure
• Highest moral standard