Corporate Governance

Altius Petroleum International B.V.'s corporate governance is based on the principles specified below:

• Observe and protect shareholders’/ investors’ rights granted to them in line with the legislation, Articles of Associations and Company’s regulatory documents.
• Provide the shareholders with reliable and effective methods for exercising their rights and protecting their interests.
• Ensure overall management of the Company’s activity by the Neftehim Capital Board of Directors.
• Ensure fair and reasonable management of the Company’s activity by all Neftehim Capital's governance bodies.
• Disclose the true and reliable information about Neftehim Capital's activity promptly and in full; ensure the Company’s financial transparency.
• Implement and maintain the effective system of internal audit over the Company’s financial and business activity.
• Acknowledge and observe the rights and interests of all concerned parties provided by the legislation; implement principles of the socially responsible Company.
• Comply with the business ethics codes.
• The effective management, in particular the active and competent Board of Directors, plays an important part in the corporate governance system.