The Board Members of KWAP sets high standards for the Company’s employees, officers and directors. Implicit in this philosophy is the importance of sound corporate governance. It is the duty of the Board Members to act as a prudent fiduciary for stakeholders and to oversee the management of the Company’s business. To fulfill its responsibilities and to discharge its duty, the Board Members follows the procedures and standards that are set forth in these guidelines. These guidelines are subject to modification from time to time as the Board Members deems appropriate in the best interests of the Company or as required by applicable laws and regulations.