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Ashlar’s Commitment to Good Governance

Good Governance Policy

Dated: October 10, 2023 (Ver. 1.0)

1. Introduction

The Good Governance Policy of Ashlar Co., Ltd. outlines our commitment to upholding the highest standards of corporate governance, transparency, accountability, and ethical conduct. Aligned with the principles set forth by the Global Reporting Initiative (GRI), this policy serves as a framework for guiding our decision-making processes, ensuring integrity in our operations, and fostering trust among our stakeholders.

2. Policy Statement

Ashlar Co., Ltd. is dedicated to practicing good governance principles in all aspects of our business operations. We recognize that sound governance is essential for achieving sustainable business success, maintaining stakeholder trust, and creating long-term value. Therefore, we commit to:

  • Conducting business with integrity, honesty, and transparency.
  • Complying with all applicable laws, regulations, and ethical standards.
  • Respecting the rights of all stakeholders, including employees, customers, suppliers, shareholders, and the communities in which we operate.
  • Promoting diversity, equity, and inclusion in our workforce and decision-making processes.
  • Ensuring effective oversight and accountability through robust governance structures and processes.
  • Engaging with stakeholders in a meaningful and transparent manner to understand their concerns and incorporate their perspectives into our decision-making.
  • Regularly monitoring and evaluating our governance practices to identify areas for improvement and take corrective actions as needed.

3. Scope

This policy applies to all directors, officers, employees, and contractors of Ashlar Co., Ltd. It encompasses all aspects of our business activities, including but not limited to corporate governance, risk management, compliance, and stakeholder engagement.

4. Governance Principles

4.1. Ethical Conduct: We will conduct ourselves with the highest standards of ethics, integrity, and professionalism in all our interactions and decision-making processes.

4.2. Transparency: We will strive to provide timely, accurate, and comprehensive information to our stakeholders, including shareholders, regulators, employees, customers, and the public.

4.3. Accountability: We will establish clear lines of accountability and responsibility within the organization and ensure that appropriate mechanisms are in place to hold individuals and entities accountable for their actions.

4.4. Fairness: We will treat all stakeholders fairly and equitably, taking into account their rights, interests, and concerns.

4.5. Responsiveness: We will be responsive to the needs and expectations of our stakeholders, addressing their concerns promptly and effectively.

5. Implementation

5.1. Governance Structures: We will establish and maintain effective governance structures, including a board of directors, committees, and management oversight mechanisms, to provide guidance, oversight, and strategic direction to the organization.

5.2. Policies and Procedures: We will develop and implement policies, procedures, and controls to ensure compliance with relevant laws, regulations, and best practices, as well as to mitigate risks and promote good governance.

5.3. Training and Awareness: We will provide training and awareness programs to our directors, officers, employees, and contractors to ensure they understand their roles and responsibilities in upholding good governance principles.

5.4. Monitoring and Evaluation: We will regularly monitor and evaluate our governance practices, including through internal audits, assessments, and reviews, to identify areas for improvement and ensure ongoing compliance with this policy.

6. Reporting

We will transparently disclose relevant information about our governance practices, including our governance structure, policies, and performance, in accordance with applicable reporting frameworks, such as the GRI Standards.

7. Review and Revision

This policy will be reviewed periodically to ensure its continued relevance and effectiveness in guiding our governance practices. Any revisions will be approved by the board of directors and communicated to all stakeholders.

8. Conclusion

At Ashlar Co., Ltd., we are committed to upholding the principles of good governance as outlined in this policy. By adhering to these principles, we aim to build trust, foster accountability, and create long-term value for our stakeholders.