Corporate Governance Policy Process Practice 11. Board of Directors oversee the risk management and internal control. • • • • Policy and procedure manual indicated that any directors and executives who might having conflict of interest shall not participate for considering such transaction. Audit Committee consider the connected transaction or any possible conflict of interest transaction to ensure reasonable arrangement. Bank set the policy to prevent all staff take any benefit by using the insider information which might impact to the bank’s security price. Bank set the reporting process by all managements and directors regarding the quarterly report of bank’s security holding and the bank’s security trading according to SEC regulation. • Bank discloses the audit committee report regarding internal control assessment report in annual report. Audit committee report that there were no conflict of interest issue found from the examination review. 6.1.2 Policy and procedure related to shareholder and stakeholder Board of Directors oversight on Conflict of Interest and Inside Information Board of Directors approved the annual reviewed of Confidential and Inside Information and Conflict of Interest Policy. The relevant operating procedures were established such as (1) Prohibit the director and executives, who possess the inside information, trade the bank’s securities during the blackout period. Their securities trading reports, and their other beneficial interest were disclosed to public on quarterly basis (2) Any directors and executives who might having conflict of interest shall not participate for considering such transaction. Board of Directors oversee the regulation compliance of connected transaction through the Audit report of the connected transaction. 157 Form 56-1 One Report 2021
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