We believe that corporate governance transcends administrative compliance. To future proof our business for shareholders, employees and other stakeholders, we institute high-quality governance to creates long-term value. Equatorial Tide is subject to laws and regulations of different jurisdictions, thus we are committed to the highest Corporate Governance standards.
The basic responsibilities of our Board of Directors are to provide governance structure, strategic direction and ensure accountability for the business. To enhance its effectiveness, Board Committees are set up and delegated to handle important matters required by the Board to fulfil its duties and obligations associated with running an energy company.
As a part of its overall responsibility for the management of Equatorial Tide Ltd, the Board of Directors delegates the day-to-day administration and operations of the Company to our CEO who is appointed by the Board. The CEO leads the Executive Management Team in pursuit of the strategic goals defined by the board. It is the responsibility of the Board to preserve high standards of governance across Company. The Board provides strategic direction, approves financial statements, asset acquisitions & disposals, treasury & risk management policies, other policies, appointment and removal of Directors and Management staff.
The relevant Board Committees have been established by the Board of Directors to support the Board functions. Some of these committees include, Tender Committee, Audit Committte, Corporate Governance, Finance Committee, Nominations Committee, and Compensation Committee. The respective charters with appropriate delegation for each Committee were approved by the Board of Directors for effective operation of the Committees.
At Equatorial Tide, we have a Diversity Policy to ensure that staffing is inclusive and diverse. More so, the Board reperesent diversity as a whole, with the right skills, experience, and expertise to guide the business for the benefit of our shareholders.
