Long-term thinking guides everything we do to sustain our success and create value for shareholders, now and for the future. Good corporate governance encourages accountability and transparency, and promotes good decision-making to support our business over decades.
Corporate governance is a system by which our company is directed and controlled. Its structure specifies the distribution of rights and responsibilities among different participants in our corporation, such as the board, managers, shareholders and other stakeholders, and spells out the rules and procedures for making decisions on our corporate affairs. By doing this, it also provides us the structure through which our company objectives are set, and the means of attaining those objectives and monitoring performance. LiveZone's Board of Directors oversees the Chief Executive Officer and other senior management in the competent and ethical operation of LiveZone on a day-to-day basis and assures that the long-term interests of shareholders are being served. To satisfy the Board's duties, directors are expected to take a proactive, focused approach to their positions, and set standards to ensure that LiveZone is committed to business success through the maintenance of high standards of responsibility and ethics. The Board has adopted the Company committee charters and governance guidelines that, in conjunction with LiveZone's articles of incorporation and bylaws, form the governance framework for LiveZone. The governance structure is designed to foster principled actions, effective decision-making and appropriate monitoring of both compliance and performance. By 3 months, we (executives) consider the cooperation with each strategic partner individually and adjust every characteristic, trend as well as matter issued. We clearly define:
1. Rules and missions for each member of Executives Board
2. Possibilities and Assessment for the cooperation with Strategic Partners
3. Rules and Regulations for implementing our 4 strategies to achieve goals.
4. Internal management and audit is efficiently operated.