At Cox Energy, we have adopted and consolidated our Corporate Governance practices under the highest international standards of corporate ethics, sustainability and regulatory compliance. Supervised by the Board of Directors, these practices seek to ensure the implementation and compliance of our strategic plan, as well as maximizing the Company’s value for its shareholders, based on the following pillars:
In compliance with the loyalty and diligence duties to protect the rights of all the company's shareholders.
Provide information to shareholders regarding management effectiveness based on their duties and responsibilities.
Recognition and attention to the rights of all stakeholders.
Ensure timely, complete and accurate disclosure of all relevant issues, financial position and performance of the company.
Responsible of overseeing the company through the establishment and monitoring of an internal control system, ensuring transparency and accountability, having among others, the following functions: i) assess and supervise the external auditor, ii) discuss financial statements with the people responsible for their preparation, iii) investigate possible breaches in operating guidelines and policies, internal control and accounting records.
Responsible of nomination and compensation matters, management of relevant transactions and transactions with related parties, through the following functions: i) assessment of transactions with related parties, ii) giving opinions on the appointment, performance and remuneration of the CEO and key executives, iii) proposal of candidates for the management bodies of the corporate group, and iv) request, if necessary, the opinion of independent experts.