Staatsolie’s governance structure defines how the company is managed, supervised and held accountable. It sets clear responsibilities for the Supervisory Board, Executive Committee and management, supported by policies, internal controls, risk management and reporting.
Staatsolie operates under a two-tier board structure, separating executive management from independent supervision. The Executive Committee manages the company, while the Supervisory Board oversees its management and direction.
Board charters, corporate policies, internal controls and reporting define responsibilities and provide the framework for decision-making across the company.
Staatsolie is managed by its Executive Committee and overseen by its Supervisory Board. The Executive Committee is responsible for the day-to-day management of the company and the implementation of its strategy. The Supervisory Board provides oversight and advises on key strategic matters, supported by committees responsible for audit, risk and compliance, nominations and remuneration.
Our governance is put into practice through clear decision-making structures, standards for ethical conduct, and processes for managing risk and compliance.
Clear roles, board charters, policies, performance reporting and external assurance define responsibilities and support accountable decision-making.
Our Code of Conduct sets standards for ethical conduct, conflicts of interest, transparency and anti-corruption for employees and business partners.
Our risk management and compliance processes identify and assess business risks, monitor controls and track compliance with applicable requirements.
Our policies and codes set requirements for areas including governance, health and safety, environmental management, procurement, human resources, social investment and ethical conduct.
Access our governance policies, codes and reports for more information on these requirements and how we report our performance.
