Good governance stems from the quality and mindset of the Organization. At MGL, Corporate Governance is not just a legal ritual but rather an integral part of its functioning. As a responsible corporate citizen, MGL has always focused its efforts on building trust with all its stakeholders and maximizing their returns while ensuring that it maintains the highest levels of integrity, transparency and accountability. The Company has an active, well informed and
independent Board, which is a crucial measure to maintain the highest standards of Corporate Governance.

MGL believes that sound corporate governance is not only necessary to enhance long-term shareholder value but also makes for a sound business strategy. Continuous improvement in systems and procedures will enhance corporate performance and maximize shareholder value in the long term. The Company will thus continue to pursue its core values while moving further in its pursuit of excellence in corporate governance to harmonize the goals of maximizing stakeholders’ value and ensuring a customer-centric focus in all its dealings with business and the community at large.