In 2019, 60.8 percent of enterprises complied with international norms, compared to 60.9 percent in 2020. A structure that includes the Board of Directors, shareholders, and the Centralized Internal Audit Service has been chosen by one shareholder. One of the most important elements in determining how competitive a firm is is effective corporate governance. Without a sufficient system in place to monitor interactions between the Board of Directors, the executive committee, and the shareholders, as well as without investors’ faith that the management of the Company uses their funds wisely to achieve capitalization growth, the Company cannot thrive.

Since being approved, the corporate governance of the Kom Munal too oil & Gas has undergone yearly diagnostics to check for compliance with the standards of best practice corporate governance. The diagnostics point out areas where the governance system needs improvement and suggest ways to raise the standard of governance inside the company. To achieve conformity with international best practices, corporate governance reform initiatives are being started based on the diagnostic results. Since it was approved, the corporate governance of the Kom Munal too oil & Gas has undergone yearly audits to make sure it is adhering to best practices.

The diagnosis points out weaknesses in the organization’s governance framework and makes recommendations for enhancing it. To ensure conformity with international best practices, corporate governance reform initiatives are also introduced based on the diagnostic results. Kom Munal too oil & Gas sets a high value on putting corporate governance norms into practice because it understands how important it is. A Corporate Governance Code was approved in 2019. Einstein gathering together and uploading.

The people management system for the Kom Munal too oil & Gas is intended to assemble a group of highly qualified specialists who are authorities in their field, driven by a sense of shared achievement, and prepared to go above and beyond to accomplish it. It is based on how competitive the business is overall. A multi-stage competitive selection procedure and a close analysis of conformity with the position’s requirements are used to pick candidates for available positions. A key area of attention is the ongoing development of human resources. The annual budget includes funds for employee development.