Page 20 - ADOC Sustainability Report

ADOC 2021 SUSTAINABILITY REPORT

CORPORATE GOVERNANCE

The Board of Directors is directly responsible for the governance of ADOC, who Federal Government
are overseen by the General Meeting of Shareholders, where shareholders can make of Abu Dhabi
decisions related to the Company and to assess the Board of Directors’ actions. The
Board of Directors is responsible for setting regulations and management policy and
appointing directors as part of their duty.
SCFEA/ADNOC
As per the regulations governing the Board of Directors, meetings are held every
quarter. Extraordinary meetings are held as needed. The primary aim of the meetings
is to act on organizational matters, examine the progress of business initiatives, and
assess the course of action to resolve ongoing problems. ADOC General Manager

In Abu Dhabi, ADOC operates under and is regulated by SCFEA, the superior
authority responsible for the petroleum industry in Abu Dhabi. ADOC is bound by
all legal requirements issued by the Federal Government of Abu Dhabi, which are
communicated through SCFEA. ADOC also adheres to the ADNOC standards and ADOC PL Department
guidelines, such as the ADNOC HSE Standards. The General Manager at ADOC
receives all notifications of revised regulations, which are conveyed to the PL
Department and are subsequently assigned to the relevant departments at ADOC. All Departments
Any potential issues that may arise are addressed in the weekly department managers’
meetings, Health, Safety, Security and Environment (HSSE) committee meetings, and
management review meetings. Regulatory Enforcement Process

CORPORATE PRINCIPLES OF ADOC

The main principle at ADOC is ‘Safe and Stable’ operations. ADOC continued to strive to achieve this principle through the
following commitments:

• We regard safe and stable operations as our top priority and strive for harmonious coexistence with society through the
assurance of safety in all our business activities.
• We strive to ensure the stable supply of crude oil as a responsible energy supply company. We seek to satisfy our
customers and shareholders, while also contributing to the development of Japan and the global community.

• We believe in the resolution of global warming and other problems related to the global environment. We are committed
to the implementation of environmental preservation measures and activities.
• We value communication with society and proactively and independently contribute to the development of regional
communities.

• We are determined to act as a responsible and sensible member of society.

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