| Item |
Weighted Mean |
Verbal Interpretation |
| Integrity and Ethical Values |
|
|
| The company has appropriate entity policies regarding such matter as acceptable business practices, conflicts of interest, and codes of conduct have been established and they adequately communicated. |
3.29 |
N |
| Management demonstrate the appropriate “tone at the top”, including explicit moral guidance about what is right and wrong and this is communicated in both words and deeds |
3.28 |
N |
| Management dealings with employees, suppliers, citizens, bondholders, shareholders, and auditors are based on honesty and fairness |
3.22 |
N |
| Management takes appropriate action in response to violations of the code of conduct |
3.70 |
A |
| Commitment to competence |
|
|
| Employee job description, including specific duties, reporting responsibilities, and constraints are clearly established and effectively communicated to employees |
3.29 |
N |
| Management determines the level of knowledge and skills needed to perform a particular job and this information is used in the hiring process |
3.46 |
A |
| The company adequately compensates employees in order to attract qualified individuals |
3.42 |
A |
| Employee performance evaluation techniques are implemented to identify incompetent or ineffective employees |
3.36 |
N |
| Management Philosophy and Operating Style |
|
|
| Management and operating decisions are not dominated by a few individuals |
3.10 |
N |
| Management analyses the risks and potential benefits of a venture before making a decision |
3.34 |
N |
| Management has mechanism to anticipate, identify and react to events or activities that affect achieving company objectives |
3.35 |
N |
| Organizational Structure |
|
|
| The organization of the company is clearly defined in terms of lines of authority and responsibility |
3.41 |
A |
| There is adequate supervision and monitoring of decentralized operations |
3.18 |
N |
| The organization structure appropriate for the size and complexity of the entity |
3.40 |
A |
| Assignment of Authority and Responsibility |
|
|
| There is clear assignment of responsibility and delegation of authority to deal with such matters as organizational goals and objectives, operating functions, and regulatory requirement |
3.37 |
N |
| All employees have job responsibilities, including specific duties, reporting relationships clearly established and communicated |
3.38 |
N |
| Human Resources Policy and Practices |
|
|
| All personnel, including key managers, possess adequate knowledge and experience to discharge their responsibilities |
3.35 |
N |
| Turnover of key personnel is relatively low |
3.31 |
N |
| Management has shown commitment to competence and ensured that personnel receive adequate training to perform their duty |
3.53 |
A |
| Average Weighted Mean |
3.36 |
N |
