CORPORATE GOVERNANCE IN TRANS-OIL GROUP

CORPORATE GOVERNANCE IN TRANS-OIL GROUP

07.11.2023

        Last week, the compliance officers from the Compliance Unit of Trans-Oil Group conducted training courses and work sessions with employees from the Crushing Oil Factory in Țăndărei and the Bucharest office of the Romanian segment within Trans-Oil Group.

        The focus of these meetings was to familiarize the attendees with the new Conflicts of Interest, Whistleblowing, Anti-Money Laundering (AML), and International Sanctions Policies recently approved by the Group's Board of Directors.

        Employees in Romania were provided with detailed information about the types of conflicts of interest regulated by the Group's Policies. They were also trained on the reporting procedures and the significance of identifying and reporting conflicts of interest within the Trans-Oil Group.

        In accordance with EU Directive 2019/1937 dated October 23, 2019, Trans-Oil Group has developed and implemented a whistleblowing mechanism. This mechanism encourages all staff to adhere to high standards of business conduct and promptly report any instances of misconduct that diverge from these core principles.

        The Group is currently in the process of implementing software responsible for receiving and managing reports of misconduct, and employees have been trained on how to use this software.

        Special emphasis was placed on the new Know Your Counterparty (KYC) procedures outlined in the Anti-Money Laundering and International Sanctions Policies. Similar training sessions will be conducted in other Trans-Oil Group offices, including those in the Republic of Moldova, Serbia, Switzerland, and Ukraine.

        Trans-Oil Group is committed to continuously developing its Corporate Governance principles, promoting and safeguarding the integrity of the Company, including its key values: Honesty, Integrity, Fairness, and Transparency.