The
responsibility of the Board of Directors is to supervise and
direct the management of the Corporation in the interest and
for the benefit of the Corporation's shareholders. To that end,
the Board of Directors shall have the following abilities:
Ability
to make operational judgment;
Ability
to perform accounting and financial analysis;
Ability
to conduct management administration;
Ability
to conduct crisis management;
Possession
industrial knowledge;
Possession
perspective of international market;
Ability
to lead; and
Ability
to make decision.
The Board of Directors has delegated to the
Chief Executive Officer, working with the other executive officers
of the Corporation and its affiliates, the authority and responsibility
for managing the business of the Corporation in a manner consistent
with the standards of the Corporation, and in accordance with
any specific plans, instructions or directions of the Board.
The Chief Executive Officer shall seek the advice and, in appropriate
situations, the approval of the Board with respect to extraordinary
actions to be undertaken by the Corporation, including those
that would make a significant change in the financial structure
or control of the Corporation, the acquisition or disposition
of any significant business or the entry of the Corporation
into a major new line of business.
