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These Guidelines are intended to serve as a flexible framework within which the board may conduct its business and not as a set of legally binding obligations. All directors shall be free to contact the CEO at any time to discuss any aspect of the Company's business.If companies and countries are to reap the full benefits of the global capital market, and if they are to attract long-term. Each person serving as a director must devote the time and attention necessary to fulfill the obligations of a director. The basic principles of corporate governance are accountability, transparency, fairness, responsibility, and risk management. Understanding Corporate Governance. The Committee on Directors and Corporate Governance evaluates candidates and recommends them to the Board. The full Board is responsible for. The business and affairs of the Company will be managed under the direction of the Board. The Nominating and Corporate Governance Committee establishes criteria for selecting new members of the Board.