CORPORATE GOVERNANCE

Corporate governance reflects the manner in which we conduct our business. OMI’s Guiding Principle and Function of the Board is as follows:

Guiding principle
The Board has an overriding responsibility to act honestly, conscientiously and fairly, in accordance with the law, in the interests of:
(a)        Shareholders (with a view to building sustainable value for them);
(b)        employees of the Group; and
(c)        other people or entities with whom the Group deals.
 
Function
The Board’s broad function is to:
(a)        chart strategy and set financial targets for the Group;
(b)        monitor the implementation and execution of strategy and performance against financial targets; and
(c)        appoint and oversee the performance of executive management, and generally to take an effective leadership role in relation to the Group.
 
To view OMI’s Corporate Governance Charter click here