Effects of Corporate Social Responsibility and Governance on Its Credit Ratings
Table 3
Criteria for corporate governance.
Items
Description
Rights of shareholders
Introduction of the corporate governance charter and code of ethics Introduction of cumulative voting or written voting Introduction of staggered election
Board of directors
Outside directors and attendance ratio Outside directors’ objections or suggested modifications Recommendation of outside directors
Disclosure
IR performance Disclosures frequency including voluntary, queries, and corrections Announcement of the board member’s attendance and voting
Audit committee
Organization of the audit committee, the configuration, and operating Establishment of an internal crime reporter protection Recommendation of external auditors or consulting
