Oil Refining Process, Used Oil Disposal, Transformer Oil Manufacturer, Petrochemical Products

Hydrodec's Board of Directors and Management view good corporate governance as a key to business success and fundamental to the creation of sustainable value.

Governance is the system and processes by which the company's owners and their representatives on the Board of Directors ensure that the company pursues its defined purpose and efficiently allocates resources to that purpose. It is neither a process of compliance nor an additional level of management.

In maximizing long-term shareholder value, the Board exercises judgment when carrying out its work in policy-making, monitoring executive action and active consideration of group strategy. While being responsible to shareholders, the Board and the corporate officers recognize that the long-term interests of the company are advanced when they are responsive to the concerns of communities, customers, employees, public officials, shareholders and suppliers.

Strong corporate governance in Hydrodec is fostered through policies and processes that measure and direct performance within our framework of sustainable performance, ethical behaviours and legal compliance.

The Company has established an Audit Committee and a Remuneration Committee. The Audit Committee comprises the Chairman (Non-Executive) and one Non-Executive Director. It is responsible for ensuring that the financial performance of the Group is properly monitored and reported and for reviewing the auditor's reports relating to accounts and internal control systems.

The Remuneration Committee comprises the Chairman (Non-Executive) and one Non-Executive Director. It is responsible for determining and agreeing with the Board, the framework for the remuneration of the Chief Executive, Non-Executive and Executive Directors, the Company Secretary and such other members of the Executive management as it is designated to consider. The remuneration Committee is responsible for determining, where appropriate, bonuses, incentive payments and share options.

The Company has adopted a share dealing code for Directors and relevant employees in accordance with the AIM Rules and will take proper steps to ensure compliance by the Directors and those employees.