The basic concepts of CSC in corporate government are described below: ((2) Persist in legal and transparent operations (3) Impose more responsibilities on management and improve the operational performance, while taking care of the rights and interests of the stakeholders (4) Benefi t local communities and assist in their social and economic development 2.4.2 Decent operation (1) Abstain due to confl ict of interests According to the “Standards of Ethical Conduct for Directors and Supervisors of the China Steel Corporation”, a director must abstain from any motion at the meeting of the Board of Directors where there is a confl ict of interest, and abstention is required in voting on any director-related regulation.