Petralon Energy’s cardinal ethos is to change the perception that oil and gas extraction is synonymous with exploitation. It will ensure the delivery of responsible and respectful mutual benefit, for business and society alike.
In doing so, Petralon Energy has and/or will:
Ensure Board meetings are held at least once a quarter;
Code of Conduct
Enforce a code of conduct for its directors and senior management personnel;
Constitute an Audit Subcommittee and other board sub-committees, as needed;
Ensure strict compliance with Anti-bribery laws, and a zero tolerance for corruption;
Ensure compliance with the EFCC’s Establishment Act and with the Foreign Corrupt Practices Act (FCPA), a United States federal law known primarily for addressing accounting transparency requirements under the Securities Exchange Act of 1934, as well as bribery of foreign officials.
Regularly evaluate and review all possible business risks;
Provide effective communication with its shareholders, with significant developments disseminated through appropriate investor relations documents, and regular updates of the company’s website.