Corporate Governance

The parent company of the Group is Trafigura Group Pte. Ltd. (TGPL), which is incorporated in Singapore and is the entity for our Group corporate reporting.

Board of Directors

The principal oversight body for the Group is the Board of Directors, which has overall responsibility for the strategic direction and management of the Group, including commercial and financing strategy and stakeholder relations. Members of the Board of Directors are listed on the opposite page

The Directors with executive responsibilities are also members of the Management Committee and subsidiary committees as outlined below. Management of the Group is characterised by short reporting lines, flat structures, clear delineation and segregation of responsibilities, and personal accountability.

Employee remuneration is linked to Group performance and individual contribution. The Group’s senior employees, in their capacity as shareholders, have a personal commitment to its long-term success.

Two sub-committees sit within the Board of Directors: the Audit Committee and the Nomination and Remuneration Committee.

The Audit Committee assists the Board of Directors in fulfilling its oversight responsibilities for the financial reporting process, the system of internal control, the audit process, and the company's process for monitoring compliance with laws and regulations and the code of conduct.

The Nomination and Remuneration Committee assists and advises the Board of Directors on matters relating to the appointment and remuneration of the Executive Directors, the Management Committee and other senior employees of the Trafigura Group.

Management Committee

The nine-strong Management Committee sits below the Board of Directors and includes Trafigura’s three Executive Directors. The Management Committee is responsible for the execution of Trafigura’s business strategy, including management of the day-to-day trading, commercial and operational functions as well as its investment portfolio.

The Management Committee is supported by the following committees:

• Finance Committee
• Accounting Committee
• IT Steering Committee
• Market Risk Management Committee
• Compliance Committee
• HSEC Steering Committee
• HR Group