Mg Refining Marketing Inc A

Our Board of Directors is constructed from two americans, one in every of whomis also our government officer. Although our independent director oversees all tremendous company matters reminiscent of case examine answer approvalof phrases of case examine answer repayment of our executive officials and case examine answer oversight of case study solution accounting applications, our Chief Executive Officercurrently owns a majority of our stock, which could allow him to pick an alternative director in case study answer location of our impartial director. Althoughwe have followed a Code of Ethical Conduct, we haven’t yet adopted any of those other company governance measures and sinceour securities aren’t yet indexed on a countrywide securities trade, we are not required to take action. We haven’t followed corporategovernance measures such as an audit or other unbiased committees of our board of administrators as we almost immediately do not have a majorityindependent administrators on our board. If we extend our board membership in destiny durations to come with extra independent directors,we may seek to set up an audit and different committees of our board of administrators. It is possible that if our Board of Directorsincluded unbiased administrators and if we were to adopt some or all of these company governance measures, stockholders wouldbenefit from a little bit greater coverage that internal company selections were being made by disinterested administrators and thatpolicies were applied to outline responsible habits.