Petromaint Corporate Values

These Business Principles are applicable to everyone within Petromaint including managers and employees.

1 Integrity

We are committed to integrity and consistently high ethical standards in all our business dealing.

2 Trust

Effective business relationships inside and outside Petromaint are possible only with high levels of trust between the parties.

3 Openness

We seek to be open and straightforward, subject to commercial confidentiality.

4 Partnership

We seek to play our full role in stimulating the sharing of information, knowledge, experience and skills both within Petromaint and where appropriate, externally.

5 Teamwork

Just as Petromaint depend on value-enhancing teamwork among our complementary businesses, teamwork and common cause pervade all our activities, including relations with other parties.

Ethical Principles

These Business Principles are applicable to everyone within Petromaint including managers and employees.

1. Personal Conduct

stk128219rke-300x300We expect the highest levels of personal conduct from everyone within Petromaint, regardless of position. Honesty, integrity and fairness form the cornerstones of relationships inside and outside Petromaint. Bribery of any form is unacceptable. No undeclared offers or payments will be accepted solicited, or made by, anyone in Petromaint.

In addition, everyone within Petromaint is required to avoid any conflicts of interest between their personal activities and the business of Petromaint.
Everyone is required to make proper use of Company assets. Fraud and theft of any sort are unacceptable, and we will treat any incidences seriously.

Prevention of fraud and theft is the responsibility of all employees, who should demonstrate a commitment to an anti-fraud culture though their actions.

While it is recognized that limited corporate hospitality is given and received as part of building normal business relationships, employees should avoid accepting hospitality or gifts which might appear to place them under an obligation.
Proper and full records are made of all transactions made on behalf of Petromaint.

2. Work Environment

75904148The welfare of employees is an essential principle for Petromaint. We aim to provide all Petromaint employees with competitive terms of employment. All employees will be encouraged to play a full part in personal career development though progressive human resource and training arrangements. We are committed to equal opportunities and the avoidance of discrimination. Harassment will not be tolerated.

3. Corporate Conduct

stk153597rkeWe comply with all applicable legal, regulatory and license requirements in the countries where we do business. We aim to co-operate fully with government and regulatory bodies, and we comply with applicable competition law when carrying out our business. We apply high standards of corporate governance to the business of all companies within Petromaint.

In all of our public communications and documents that we file with regulators and stock exchanges, we seek to provide timely disclosure which is full, fair and accurate and which is easily understandable. We do not make contributions to political parties.
Wherever we do business, we strive to make a positive and meaningful contribution to community activities and to behave in a socially responsible manner. We recognize that Petromaint sustain commercial, social and economic development in the communities where Petromaint do business.

4. Human Rights

170729819We conduct our business as a responsible, corporate citizen in the worldwide society. We support the UN Universal Declaration of Human Rights and aim to apply its principles throughout our business.

5. Health, Safety and the Environment

85971002Protection of the health and safety of our employees, all those affected by our business and the protection of the environment, are critical to the overall Success of the Company. We recognize the importance of contributing to the sustainable development of communities where we work.

To meet these objectives we conduct our business using sound HSE management system, which reflect best industry practice and we seek to deliver continual improvement by ensuring that lessons are learned. HSE performance is a core value in our business and all Petromaint employees are accountable for its delivery.A safe and secure work environment is fundamental to business success and we seek to protect our personnel, physical assets, information and Company reputation from harm.

6. Communication

71148942We recognize the vital role the clear and effective communication plays in sustaining business relationships and safeguarding public confidence in Petromaint activities. Openness and transparency of operations, appropriate to the expectations of respective audiences are a key business goal, subject to the demands of commercial confidentiality it is also recognized that effective internal communication is important to the success of Petromaint, and central to sustaining our corporate values.

7. Business Partners

78428983When we do business with our customers or subcontractors or in joint ventures we always seek to promote the application of these Business Principles. More specifically, business integrity is a key standard for the selection and retention of those who represent and work for Petromaint. Agents, representatives, consultants or third party contractors must signify their willingness to accept and comply with Petromaint policies and procedures and they will only be retained on terms that are consistent with Petromaint values and these Business Principles.

8. Customers

82020838We aim to deliver clients satisfaction by developing and maintaining mutually profitable and lasting relationships with clients, offering value in terms of price, safety and quality and responding to clients’ needs through continuous renovation.

9. Economic Priorities

88621476Petromaint is a commercial organization operating in and subject to the forces of the private sector. We pursue corporate opportunities that provide an appropriate return for our shareholders in order to discharge Petromaint responsibilities and to remain in business.Petromaint investment criteria are primarily economic, but also take proper account of social and environmental considerations. We recognize that many of Petromaint activities will be subject to regulations. We work constructively with host governments and regulatory authorities to ensure that such regulations are conducive to highest standards of environmental performance, safety and integrity.