Corporate governance refers to the decision-making system through which owners directly or indirectly control the company. Governance, management and control are shared between the shareholders, the Board of Directors and the Chief Executive Officer. The Articles of Association sets the framework for Mangold’s business. In addition, external rules and recommendations also guide operations. The decision-making within Mangold is also governed by internal policy documents, and instructions which are updated and approved annually by the Board of Directors and the Chief Executive Officer.