GOVERNANCE & COMPLIANCE
At Hyde Ocean Services, we are committed to maintaining the highest standards of governance and compliance in our oil and gas storage operations. Our goal is to ensure the safety of our employees, assets, and the environment, while also meeting our obligations to stakeholders and upholding ethical business practices.
BOARD OF DIRECTORS
Our Board of Directors is responsible for overseeing the management of the company and ensuring that we operate responsibly and ethically. The Board consists of experienced professionals with expertise in the company’s operations, finance, and governance.
COMMITTEES
We have established several committees to support the Board in its governance and oversight responsibilities
AUDIT COMMITTEE
Review financial statements and internal controls
Health & safety committee
Oversees HSE policies and performance
Risk management committee
Identifies and mitigates operational and financial risks
governance committee
Ensures Board effectiveness and governance practices
CODE OF CONDUCT
We have a comprehensive Code of Conduct that outlines our ethical principles and expectations for employees, contractors, and directors. The Code covers topics such as:
*Conflicts of interest
*Anti-corruption
*Whistleblower protection
*Environmental and social responsibility
COMPLIANCE PROGRAM
We have implemented various compliance programs to ensure adherence to relevant laws, regulations, and industry standards, including: *OSHA and environmental regulations *Anti-money laundering and sanctions *Export control and trade compliance *Data privacy and cybersecurity
tRAINING & AWARENESS
We provide regular training and awareness programs for employees and contractors to ensure they understand our governance and compliance policies and procedures.
REPORTING AND DISCLOSURE
We are committed to transparency and disclosure in our governance and compliance practices. We report regularly to stakeholders on our performance and progress in these areas.
ETHICS HOTLINE
We have established an ethics hotline for employees and external parties to report concerns or violations of our Code of Conduct or compliance policies.
ANTIBRIBERY AND CORRUPTION
We have a zero-tolerance policy towards bribery and corruption and do not permit any of its employees, senior managers, and/or directors to engage in acts of bribery or corruption. Hyde Ocean Services expects the same level of compliance from any third parties associated with the company.
governance & compliance team
Our governance and compliance team consists of experienced professionals with expertise in oil and gas operations, law, and compliance. The team is responsible for implementing and maintaining our governance and compliance framework.