In OCTO LNG we believe that a well-functioning Board of Directors built upon the principles of diversity in expertise relevant to the enterprise business and individual professional excellency plays a crucial role in contributing to the stability and sustainability of the entire enterprise and therefore catering for the interests of all stakeholders alike - trading venue customers and business partners, market regulators, investors and shareholders.

Following the guidelines and recommendations of the Swiss Code of Best Practice for Corporate Governance, OCTO LNG's Board is designed to be comprised of primarily non-executive and independent Directors deliberating on core matters of global development directions, overall business planning, objectives and road maps to ensure fundamental harmonisation of the enterprise strategy, risks and finances.

The Board administers ultimate control over Executive Management performance by acting directly and through the Board's Committees established to assist the Board in the efficient performance of its responsibilities. Adhering to the principles of proper allocation of corporate management and control functions, only one member of the Executive Management - the Chief Executive Officer - is also an Executive Director in the Board, with the roles of the Executive Director/CEO and the Chairman of the Board strictly separated from each other to ensure better accountability and independence in the Board's decision-making.

For more details on the principles and rules of the OCTO LNG's Board of Directors formation and activities please visit tab Corporate Governance above. 

To procure for best combination of strategic leadership, overall supervision and accountability with operational flexibility and quick response to business needs OCTO LNG implements the principle of proper allocation and separation of corporate management and control functions in line with the guidelines and recommendations of the Swiss Code of Best Practice for Corporate Governance. 

For this purpose executive management responsibilities with respect to conduct of any day-to-day business and affairs of the enterprise (including pursuing of the OCTO LNG’s objectives and realization of financial and business projections incorporated in the business plan, but excluding non-transferrable functions and responsibilities vested by Swiss law and the Shareholders' Agreement with the general meeting of shareholders and/or the Board of Directors) are assigned and delegated to the Managing Director. The Managing Director leads OCTO LNG’s Executive Management in the capacity of the Chief Executive Office/President of the enterprise.

OCTO LNG absorbs guidelines and recommendations summarized by the Swiss Code of Best Practice for Corporate Governance and adheres to a set for corporate governance principles that form a business framework ensuring maximization of long-term value while maintaining proper balance of interests for all stakeholders. 

The two-tier structure of business management adopted by OCTO LNG ensures delivery on a sustainable basis of efficient energy market infrastructure service, maintaining responsive decision-making capability, implementation of reliable risk management, enhancing corporate accountability and transparency, as well as full compliance with regulatory standards and requirements.