The operating regulations of the Board of Directors (BOD) establish principles, responsibilities, and powers of the BOD in managing the company. The BOD is responsible for developing business strategies, operational standards, and overseeing the activities of the management board and other functional organizations.
The BOD typically holds regular meetings to review and approve important plans and decisions related to the company’s operations. The time and place of meetings are announced in advance, and BOD members are required to participate. The regulations also outline the process for passing resolutions, including voting methods and member attendance requirements.
Additionally, the BOD must comply with current legal regulations, ensure transparency in management, and report to stakeholders as required. These regulations serve as a basis to ensure that the activities of the BOD are conducted effectively and in compliance with regulations.
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