We take our responsibility to our shareholders very seriously. Our belief is that we maximize shareholder value by maintaining a long-term focus. Rather than thinking about ways in which we can create short-lived economic gains each quarter, we focus on serving our users and clients as fast as we can. By providing the best user experience, we believe that we are building a company that will create more value, not just for our users, but ultimately also for our shareholders as well. In this note, I'd like to briefly mention several policies and steps we've taken to protect our shareholders' long-term interest, in accordance with corporate governance requirements.
We believe in the importance of building shareholder trust. We adhere to the highest levels of ethical business practices, as embodied by the Kerford General Trading Code of Conduct, which provides guidelines for ethical conduct by our directors, officers and employees. We think that we've created the optimal corporate structure to realize Kerford General Trading long-term potential and have established the appropriate financial controls and management oversight of our internal processes:
- We have adopted the Kerford General Trading Code of Conduct to provide guidelines for the ethical conduct of our directors, officers, and employees.
- The board of directors has set Corporate Governance guidelines to provide a framework so that management and the Board can operate effectively together to achieve Kerford General Trading objectives for the benefit of our shareholders.
- More than two-thirds of the directors on Kerford General Trading board are independent, the rules and regulations of the Securities and Exchange Commission.
- The members of our board committees are independent.
- We report our financial results in a clear and consistent manner, in accordance with Generally Accepted Accounting Principles (GAAP).
- Kerford General Trading has provided its employees anonymous methods of reporting questionable accounting, internal accounting controls or auditing matters.
It is very important that our shareholders understand how we run this company and why. We pledge to adhere to the highest standards of integrity, on behalf of our users, our shareholders, and the world. |