Kumul Petroleum has adopted current world’s best practice standards applied in the oil and gas resource industry. Kumul Petroleum is committed to observing in all its business operations and dealings, the principles of transparency and open reporting.
It has established internal systems and procedures designed to empower the Board with the confidence to provide strategic guidance to the Company and to give effective management. The principles of good governance and accountability are captured in the Board Manual and the policies and charters adopted by the Company.
The Board Manual defines the overall conduct of the Board, the roles, responsibilities and functions of the Board and each director.
The main Company charters & policies approved by the Board are: