Our success has been defined by tenacity and commitment to our Business Principles. It begins with our core values which are pillars of the work culture at NLNG. Our shared core values of Safety, Integrity, Teamwork, Respect, Excellence and Caring for people, underpin all the work we do and are the foundations of our Business Principles.
Our Business Principles apply to all transactions, large or small, and they drive the behaviour expected of every employee of NLNG in the conduct of its business at all times. Over the years, we have carved out a reputation as a good corporate citizen, and we are continuously sharing with and imparting our core values and Business Principles on business partners.
Through our Business Principles, our employees demonstrate leadership, accountability and teamwork, and through these values, they contribute to the overall success of the company.
As part of its responsibilities, the Management Team leads by example to ensure that all employees are aware of these Principles and behave in accordance with the spirit, as well as with the letter, of the Business Principles.
The application of these principles is supported by a comprehensive set of assurance procedures which are designed to make sure that our employees understand the Principles and they act in accordance with them.
As part of the assurance system, it is also the responsibility of management to provide employees with safe and confidential channels to raise concerns and report instances of non-compliance. In turn, it is the duty of NLNG employees to report suspected breaches of Business Principles to NLNG.
The Business Principles are fundamental to how we conduct our business, and living by them is crucial to our continued success.
Best Practices in Governance
Nigeria LNG Limited has continued to adopt international best practices in its corporate governance, and it continues to demonstrate commitment and compliance to the Code of Best Practice on Corporate Governance in Nigeria.
The company’s highest decision-making body is the 12-member Board of Directors, even as its structure and business is primarily guided by the Shareholders’ Agreement. The Board ensures the robust implementation of the Corporate Governance principles in the company’s operations. The Board also establishes and defines the limits of authority for management, ensures regulatory compliance, fulfilment of corporate social responsibilities and safeguards shareholders’ interests In other words, the Board provides leadership for achieving the strategic objectives of the company.
The Board places importance on effective and transparent communication from the management. Periodic business performance reports, including the monthly and quarterly operational reports, are produced and sent to relevant stakeholders.
