LLC Far Eastern Tanker Company is an industry leader in safely and reliably transporting crude oil, liquefied natural gas (LNG) and refined products that power the world.
LLC Far Eastern Tanker Company continuously pursuits Zero Injury, Zero Accident and Zero Pollution to accomplish customer satisfaction through safety operation, environmental protection and guaranteed quality. Our Safety, Environment&Quality is developed and maintained through organic cooperation between marketing, product , R&D and supporting divisions and through direct lead/help/check by top management.
Governance
Good business ethics is an asset to the LLC Far Eastern Tanker Company brand and our competitive position in the market.
Our Code of Conduct describes our standards of business ethics. It applies to all Far Eastern Tanker Company employees and others working with or for the company. Good business ethics enhance the strength of the Far Eastern Tanker Company brands and our competitive position in the market.
This Code addresses certain major concerns applicable to us all. These include compliance with the law, fair business conduct, financial offerings and/or gifts, anti-corruption, working environment, entertainment, drugs and alcohol, conflicts of interest, external engagement and confidential information and insider dealing.
This list is however not exhaustive. More detailed standards may apply to certain businesses or markets. These will always be in harmony with this Code. Each individual is responsible to inform about relevant company principles, policies and policy descriptions when representing the company or dealing with others. In cases of doubt about the interpretation or applicability of this Code, advice is to be sought from the respective manager. Breaching this Code may result in disciplinary action and in serious cases possible dismissal and/or civil action. Allegations of infringement that are brought forward in an appropriate and responsible manner will be acted upon.
General Meeting
The following matters are to be dealt with and decided on at the Annual General Meeting:
- Adoption of the annual report and accounts, including the consolidated accounts and the distribution of dividend.
- Adoption of the Auditor’s remuneration.
- Determination of the remuneration for Board members and Deputy board members.
- Election of members and deputy members to the Board, and election of the auditors (if they are up for election).
- Any other matters that belong under the Annual General Meeting by law or according to the Articles of Association.
General Meetings are presided over by the Chairman of the Board.
The notice of a general meeting may state that those shareholders wishing to participate in the general meeting have to report to the company by a certain deadline which shall not be less than 2 working days prior to the general meeting.
It is not necessary to forward to the shareholder’s documents relating to matters to be deliberated by the General Meeting, hereunder documents required by statute to be included in, or appended to, the notice of the General Meeting, provided that such documents are available on the website of the company. A shareholder may nevertheless request that documents relating to matters to be deliberated by the General Meeting are forwarded to him or her.
Shareholders are able to vote through electronic communication in a period prior to the general meeting. The Board of directors can stipulate guidelines for such advance voting. It must be stated in the notice of general meeting which guidelines have been set.
| GENERAL STAKEHOLDERS MEETING | AREA OF RESPONSIBILITY | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Directors | Strategic decisions | |||||||||||
| Strategy committee | Audit committee | HR and remuneration committee | Committee for innovative development and technical policy | Preliminary examination of issues, drawing up recommendations for the Board of Directors | ||||||||
| Executive Board (8 members, including Chief Executive Officer – Chairman of the Executive Board) | The most important operational decisions | |||||||||||
| Preliminary examination of issues /deals, drawing up recommendations for the Executive Board and General Director | |||||||||||
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