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Flow Petroleum Corporate Governance
Flow Petroleum is steadfast in upholding the highest standards of corporate governance. We firmly assert that effective corporate governance is paramount for fostering enduring value for our shareholders, customers, suppliers, financial institutions, employees, and other stakeholders. Our commitment to sound corporate governance is demonstrated through various established practices:
Board of Directors
Our Board of Directors is composed of independent non-executive directors chosen for their extensive experience and expertise. The Board is tasked with overseeing the company's management and ensuring operations align with the best interests of all stakeholders.
Internal Audit Committee
An independent Internal Audit Committee diligently oversees the company's internal audit function. Reporting directly to the Board of Directors, the Internal Audit Committee provides assurance regarding the effectiveness of the company's internal controls.
Compensation and Benefits
We offer competitive compensation and benefits packages to our employees, recognizing the importance of attracting and retaining top talent.
Code of Conduct
Our robust code of conduct mandates adherence to ethical, compliance, and safety standards by all employees.
Risk Management
A comprehensive risk management framework is in place to identify, assess, and manage risks, aligning with the company's overall strategy and objectives.
Compliance
We are unwavering in our commitment to comply with all applicable laws and regulations. A comprehensive compliance program ensures adherence to obligations.
Transparency
Dedicated to transparency, we disclose all material information to shareholders and stakeholders. Audited Financial Statements are openly shared, and regular stakeholder meetings are held.
Stakeholder Engagement
Regular engagement with stakeholders is prioritized. We recognize the importance of listening to and understanding their concerns.
Sustainability
Our commitment to sustainability is evident through initiatives aimed at reducing our environmental impact. Social responsibility is demonstrated through support for various charitable organizations.
Conclusion
Our conviction in robust corporate governance practices is foundational to our long-term success. We are unwavering in our commitment to continually review and enhance these practices, firmly believing that strong corporate governance is integral to creating enduring value for our shareholders, customers, employees, and other stakeholders.
