COMPANY INFOMATION

GREEN SOVEREIGNTY CO., LTD. (GSCL) (DICA Registration No. 107529233) was incorporated in 2018 under Myanmar Companies Law 2017.

Today, GSCL and its group of companies has grown from a family run business to a multi-sector conglomerate. GSCL has successfully transformed itself to a dynamic and integrated group in 4 key sectors – Real estate, Power, Agriculture and Industrial. GSCL is also targeting to actively support and contribute the social welfare, healthcare, education, rural development, disaster prevention, relief and rehabilitation, uplift of the living standards of Myanmar people and development of Myanmar. GSCL’s mission is to be a positive and forward looking enterprise leading social revival and sustainable economic development of Myanmar.

CORPORATE GOVERNANCE OVERVIEW

GSCL believes that it is important to establish good corporate governance within the Group as this provides the foundation for a well-managed and efficient organization who can focus on sustaining good business performance.

GSCL committed to continually develop and uphold the said high standards of corporate governance and is responsible for the Group’s long-term success.  The Management is to, among other things:

• Provide entrepreneurial leadership, set strategic objectives, and ensure that the necessary financial and human resources are in place for the Company to meet its objectives;
• Review the Group’s investments and divestments and the performance of the business;
• Review the Group’s management’s performance;
• Identify the key stakeholder groups and recognize that their perceptions affect the Group’s reputation;
• Consider corporate governance matters;
• Review internal policies and procedures and establish a framework of prudent and effective controls which enables risks to be assessed and managed, including safeguarding Shareholders’ interests and the Group’s assets;
• Put in place a code of conduct and ethics, which sets an appropriate tone-from-the-top and desired organizational culture and ensures proper accountability within the Company;
• Ensure that obligations to Shareholders and other stakeholders are understood and met;
• Consider sustainability issues as part of its strategic formulation; and
• Deliberate on other transactions and matters that require its direction or approval.

All Managements hold meetings at least once quarterly. Ad-hoc meetings will be held as and when warranted by circumstances and as deemed appropriate by the Board. The Managerial Staffs are continually updated on the Group’s affairs by the Management by all means electronically.

The responsibilities of the Managing Director include:

• Leading the Company to ensure its effectiveness on all aspects of its role, in particular its oversight of the Management;
• Promoting a culture of openness and debate;
• Ensuring that all Key Personnel receive complete, adequate and timely information;
• Ensuring effective communication by the Management with Shareholders;
• Encouraging constructive relations within the Management; and
• Promoting high standards of corporate governance for the Group.

The Management team oversee the execution of the Group’s corporate and business strategies and is responsible for the day-to-day running of the business.