Corporate Governance
Structured governance + transparent operations + strict compliance.
Governance Structure
Shareholders
Highest authority. Determines business strategy and investment plans; elects and replaces directors and supervisors.
Executive Director
Executes shareholder resolutions, manages daily operations, accountable to shareholders.
Supervisor
Supervises financial affairs and director/management performance, accountable to shareholders.
General Manager
Implements board resolutions, manages daily operations.
Board Committees
Audit Committee
- Monitors financial reporting integrity
- Reviews internal control system
- Supervises external audit
Remuneration Committee
- Executive compensation policy
- Performance evaluation system design
- Incentive plan review
Nomination Committee
- Board candidate nomination
- Board succession planning
- Director performance evaluation
Internal Control System
Risk Management
- Enterprise risk identification and classification
- Risk assessment matrix
- Risk mitigation strategy
- Regular risk review mechanism
Compliance Management
- Regulatory compliance monitoring
- Trade compliance (customs / FX / tax)
- Data security and privacy compliance
- Anti-money laundering and sanctions compliance
Governance Principles
Compliance
Strictly operate within the registered business license scope (petroleum products sales).
Transparency
Honestly mark feature status, no over-promising, maintain transparent information disclosure.
Risk Management
Transaction risk assessment and early warning mechanisms. Independent compliance review position.
Data Governance
Full-cycle data compliance, meeting PIPL and Data Security Law requirements.
Internal Audit
Internal control system, advancing IFRS conversion, continuously improving financial management.
ESG Management
ESG data collection and reporting framework, driving sustainable development.
Whistleblowing Mechanism
SNSUC is committed to building a transparent and fair corporate culture, with independent reporting channels for employees and stakeholders to report suspected violations, fraud, or misconduct.
All reports are strictly confidential. Zero tolerance for any form of retaliation against whistleblowers.
- Receive and register the report
- Preliminary assessment and investigation decision
- Independent investigation and report
- Corrective action based on findings
- Feedback to the whistleblower
