“As we interact with multiple stakeholders with different products across the globe, a robust governance system works to create operational synergies while ensuring integrity, transparency and resilience”

Mariam Almaszade,
Chief Executive Officer

Governance

The governance structure of SOCAR Trading is composed of a Board of Directors (BoD), members of senior management, and the committees that work closely together to maintain a formal oversight of the company. The BoD is responsible for determining the overall strategy and maintaining communication with stakeholders. Members of the senior management team directly participate in the operational execution of daily activities and escalate crucial issues to the Board level when necessary. All policies and processes at SOCAR Trading are approved by the CEO and uploaded into the internal system, which is accessible by all our employees.

Our Organization Pillars:

Deal Committee Credit Risk Committee Sustainability Committee Investment Committee Senior Management Trading Operations Shipping Middle and Back Office Market Risk IT Credit Risk Accounting Treasury and Trade Finance Сompliance/Legal Internal Control HR Board of Directors

Compliance Policies

Anti-money laundering and Terrorism Financing Policy

SOCAR Trading does not tolerate corruption and expects its employees and business partners, including contractors, third-party consultants, and agents to abide by this principle. Clauses on intolerance towards anti-corruption are contained in the Code of Conduct and managed by a dedicated Anti-bribery and Corruption Policy.

Modern Slavery Statement

SOCAR Trading does not tolerate corruption and expects its employees and business partners, including contractors, third-party consultants, and agents to abide by this principle. Clauses on intolerance towards anti-corruption are contained in the Code of Conduct and managed by a dedicated Anti-bribery and Corruption Policy.

Conflict of Interest

SOCAR Trading does not tolerate corruption and expects its employees and business partners, including contractors, third-party consultants, and agents to abide by this principle. Clauses on intolerance towards anti-corruption are contained in the Code of Conduct and managed by a dedicated Anti-bribery and Corruption Policy.

Anti-bribery and Corruption Policy

SOCAR Trading does not tolerate corruption and expects its employees and business partners, including contractors, third-party consultants, and agents to abide by this principle. Clauses on intolerance towards anti-corruption are contained in the Code of Conduct and managed by a dedicated Anti-bribery and Corruption Policy.