Governance Structure

Swift Petrotrade has adopted a one-tier model of Board of Directors. This model has only one body instead of two separate ones. The body consists of executive directors and non-executive directors. The executive directors are in charge of the daily management, but are supported intensively by the non-executive directors. The Board meets regularly to discuss and review reports on the business and the company’s strategies. The Board currently consists of two Executive Directors and three independent Non-Executive Directors. Together, they bring a wide range of business, commercial and other relevant experience. The Board is confident that there is an appropriate representation of proficiency, capabilities, knowledge, independence and diversity of background amongst the members to carry out duties and responsibilities effectively.

The Board adheres to strong corporate governance and effective risk management. The Board is accountable for the sustainable financial performance and long-term value of Swift Petrotrade. It meets these objectives by approving the company’s plans and ensuring that the necessary resources are in place to achieve the agreed strategic goals and objectives of the company.

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