The Board of Associated Oil is
committed to business integrity and high ethical values across the
Company's activities. As an essential part of this commitment, the
Board supports high standards of corporate governance.
The Board consists of the Chairman, 2
non-executive directors and 2 executive directors.
Role Of The Board
The board is accountable to
shareholders for the creation and delivery of strong, sustainable
financial performance and long-term shareholder value. To achieve
this, the board directs and monitors the company's affairs within a
framework of controls which enable risk to be accessed and managed
effectively. It sets the company's aims, ensuring the right
resources are in place to achieve these aims, and reviews management
and financial performance. The Board also has responsibility for the
company's core values and standards for business conduct and for
ensuring that these, together with the company's obligations to its
stakeholders, are widely understood throughout the Company.