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Mercuria has a clear framework in place for the manner in which it conducts its business.
Mercuria maintains an open-plan, office-free physical environment, and management endeavors to be open and approachable and encourages full communication between all individuals across the company. Mercuria’s management team comprises representation from across the company and is heavily represented by the control functions. This structure ensures that Mercuria considers all factors and risks in making decisions and is not basing decisions exclusively on commercial terms. The management team expects a rigorous approach to risk management and a strong ethical and compliance culture from all employees of the company.
To assist Mercuria’s Board of Directors with its oversight responsibilities with respect to Compliance, Mercuria has established the Compliance and Business Ethics Committee (CBEC Committee). The CBEC is composed of a global, cross-functionnal group of senior employees who meet quarterly to review in depth Mercuria’s business activities with respect to Compliance and Ethics, and to provide ongoing reviews of the Company’s Compliance and Ethics programs, policies and procedures. The reviews the committee conducts support senior management’s oversight of the Company’s business activities and ensure that they are in compliance with international laws and regulations and conducted with integrity.
Consistent with the Group’s stated foundational values, Mercuria’s Board confirmed the establishment of the Environmental, Health, Safety and Security Committee (HSSE Committee) reinforce the Group’s commitment to manage its activities with the highest regard for the wellbeing of people, places and the environment. The Committee has a general responsibility for oversight of the Company’s relevant HSSE programs, policies and procedures and is in charged with advising management about similar measures within the Group’s various holdings and assets.