International standards show that in 2023, 60.1% of businesses complied with the requirements, up from 60.2% in 2020. A single shareholder has selected a structure comprising the Centralized Internal Audit Service, the Board of Directors, and the shareholders. One of the key components of a company’s competitiveness is its ability to practice effective corporate governance. Without a strong structure in place to control the relationships between the Board of Directors, the Executive Board, and the shareholders, as well as without investors’ trust that the Company’s management will spend their money prudently to achieve capitalization growth, the Company cannot grow.

Every year since it was approved, LLP Firma Ada Oil’s corporate governance has been examined to make sure it complies with the highest standards of best practice corporate governance. The diagnostics pinpoint the governance system’s shortcomings and suggest methods for raising the organization’s level of governance. Initiatives for corporate governance reform are being started in response to the diagnostic results in order to guarantee adherence to global best practices.

Annual audits of LLP Firma Ada Oil Corporate Service’s governance have been conducted since its approval to make sure it complies with industry best practices. The diagnosis points out weaknesses in the organization’s governance system and suggests ways to make it better. Initiatives for corporate governance reform are also started in response to the diagnostic results in order to guarantee adherence to global best practices. LLP Firma Ada Oil prioritizes putting corporate governance norms into practice because it understands how important they are. A Corporate Governance Code was enacted in 2022. The corporate governance code of the company was created in compliance with the LLP Firma Ada Oil code, which is the code of one stakeholder.