At MicroPort we seek to achieve equality, fairness, justice and respect throughout all our activities. We think compliance to rigorous business procedures and internal standards of discipline is one of the key factors for sustainable development and success. And MicroPort requires every employee to comply with our code of ethics, our standards, and the laws and regulations relating to our business and in their daily lives.
Our business is governed at twolevels; by our senior management, acting primarily through our exec-utive committee, and by our Dire-ctors. Our executive committee serves as the overall leadership team of our company and coordinates, and makes decisions with regard to, day-to-day administrative, operational and managerial matters of our business. Our Directors are responsible for overseeing the overall activities of the executive committee and making significant decisions with respect to our business, such as appointing executive officers, engaging in strategic planning and adopting or revising corporate policies.
MicroPort has fully implemented a comprehensive code which clearly delineates the roles and authority of the executive committee, senior management and the Board. Our Directors believe that our structure provides an appropriate system of checks and balances to ensure the highest standards of corporate governance are maintained.
MicroPort's people are adhere to ethical business practices and abide by the law, as an essential element of our corporate identity. We do so, not only out of respect for the law and moral duty, but also because it is fundamentally at the very heart of our business philosophy.