KMG INTERNATIONAL GROUP KAZAKH - ROMANIAN INVESTMENT FUND CAREERS MEDIAROOM CONTACT EN CORPORATE GOVERNANCE Our corporate rules and principles HOME KMG INTERNATIONAL GROUP CORPORATE GOVERNANCE About KMG International History Brands Our people and values Mission and strategy Corporate governance Board of managing directors Executive management About Our Shareholder Corporate Governance provides coherent information concerning the framework in which KMG International performs at operational and managing levels, ensuring the transparency of all activities. Code of Conduct Our long-term success cannot be possible without a solid foundation built on clear principles and values like integrity, honesty, and responsibility. By responsibility we understand accountability, transparency, ethical behaviour, respect for stakeholder interests, and respect for the rule of law, for international norms of behaviour, human rights and social involvement. Integrity and honesty are part of our credo. We are honest with others and ourselves. We meet the highest ethical standards in all business dealings. We accept responsibility and hold ourselves accountable for our work and our actions. Our Code of Conduct sets up the basic rules outlining our approach to the business ethics. KMG International Business Conduct and Code of Ethics Management KMG International N.V. has a unified management system, including 6 (six) Managing Directors of which one executive (the Chief Executive Officer – CEO) and 5 Non-Executive Managing Directors. Board members together are responsible for the company’s management and the general affairs of the company’s enterprise, including for setting and achieving the company’s objectives, strategy and policies. The CEO is responsible, in accordance with the Articles of Association, for the everyday management of the company and its subsidiaries. According to the statutory provisions, the CEO alone is authorized to represent the company. The CEO may delegate his managing function for certain operations/ groups of operations to certain third parties. The non-executive managing directors include three independent directors, as KMGI has welcomed, since November 2014, the appointment of two more independent non-executive managing directors. Independent members are of paramount importance from Corporate Governance perspective, as they provide well-grounded opinions in their area of expertise in support of management decisions, offering as well an increased protection of the interests of shareholders and other stakeholders and an adequate guarantee for third parties. The non-executive members of the Board of Directors are responsible for the general policy of the Company and for the supervision of the management position. In support of its activity, the KMGI Board of Managing Directors set up specialized committees, playing an essential role in three areas of major importance for Corporate Governance: strategy and innovation, audit, management appointments and remuneration.The unified management system is also implemented within the Group subsidiaries. The decisional right upon internal operations of every company is divided at different decisional levels: Shareholders’ General Meeting Board of Directors/Sole Director General Manager and Financial Manager Reference about corporate governance guidelines: European Corporate Governance Institute ECGI ECGI collection of corporate governance codes and principles in European countries, America, Asian and other countries in the world. www.ecgi.org Organization for Economic Co-Operation and Development (OECD) The OECD Corporate Governance Principles and other information. www.oecd.org Copyright © 2021 KMG International Terms & conditions Privacy Policy Cookie policy Rompetrol Romania Rompetrol Bulgaria Rompetrol Moldova Rompetrol Georgia Rompetrol Rafinare Rompetrol Well Services Rominserv Rompetrol Quality Control Group corporate website