Stratum has a strong governance program

3-person board of directors oversees all key management decisions

  • Qasim Sharif – Chairman & CEO
  • Kurt Lindahl – Executive Director & CFO
  • Caius Rapanu – Non Executive Director

Compliance Officer and Chief Financial Controller ensure key policies and procedures are followed

  • Legal & Compliance officer (ex-associate at top-3 Romanian law firm) and Financial Controller (ex-controller at BG) responsible for executing policies on day-to-day basis

Code of Conduct implemented at all levels of the organization and all relevant employees are trained

  • HSE, Integrity, Our People, Innovation, and Efficient cost effective operations are the codes we follow

Comprehensive policies cover compliance, finance, and accounting processes

  • ABC/AML procedures, Bank accounts & cash management, Systems of internal control, Delegation of Authority, Business planning, Internal control over financial reporting, AFE policies, Procurement procedures, Invoice approval / payment process, and Travel / Entertainment guidelines have been implemented

Strong Compliance Culture with:

  • Vendors required to complete comprehensive questionnaire & screened against compliance databases
  • Contracts re-tested against market to ensure competitive pricing
  • Quarterly compliance audits conducted by PricewaterhouseCoopers