objectives. Therefore, the SEC places strong emphasis on outcome-based development of employee competencies to ensure effective job performance for the benefit of investors, other stakeholders and the general

intended outcome of the Principles. The terms “corporation” and “company” are used interchangeably in the text. The Principles are non-binding and do not aim at detailed prescriptions for national

. There remains little that minority shareholders can do to influence the outcome of direc- tor elections. Independent directors, charged with the task of ensuring the objective judgment of the board are