LONG-TERM CORPORATE VALUE
Credence strives hard to maximize shareholder value and operational efficiency while giving consideration to other stakeholders’ benefits for long-term corporate value. Credence chooses long-term value ahead of short-term gains in all decision-making processes. It continuously aims to outperform market returns on invested capital, through the efficient use of human, financial, and capital resources.
Credence strives to manage risk exposure through the identification, assessment, and prioritization of risks, followed by coordinated and economical application of resources to minimize, monitor, and control the probability and impact of unfortunate events and to maximize the realization of opportunities.
FINANCIAL INTEGRITY & RESPONSIBILITY
Credence maintains accounts in accordance with the accounting and financial reporting standards, which reinforces legal and regulatory requirements. All reports, documents, or communications authorized or legally mandated for disclosure to the public are be full, fair, accurate, and Timely. It provides accurate, impartial, and Timely disclosure of information to keep shareholders well informed.
PROTECTION AND PROPER USE OF ASSETS
Credence ensures the protection and efficient use of all company assets and the safety of capital through proper control system and risk management. This includes trademarks, logos, copyrights, equipment, facilities, systems, networks, and team member data.
Credence maintains the confidentiality of corporate information and trade secrets “know how” and protects intellectual and proprietary information. It prohibits the illegal use of confidential and insider information, and has developed a detailed procedure to effectively deal with such matters.
CONFLICS OF INTERESTS
Credence‘s team avoids conflict of interest arising from the following situations: (i) business investments, (ii) outside employment, (iii) outside board membership, (vi) business opportunities found through work, (v) personal relationships at work with relatives, friends, etc., and (vi) accepting gifts, entertainment and payments. An appropriate policy and disclosure thereof has been developed to this extent.