Petro Star International is incorporated in the United States and United Arab Emiratis and is therefore subject to the US & UAE legal framework. PSI is also managed and controlled from Atlanta & Dubai.
PSI is owned by its management and employees. This ownership structure enables PSI to achieve long-term growth by building sustainable, successful businesses combined with a prudent risk management philosophy. It contributes significantly to the depth and stability of our management teams, aligns employee and stakeholder interests and is a key ingredient to attract new employees.
The key features of the top level corporate governance structure are set out below.
The role of the Supervisory Board is to supervise the policies of the Board of Directors in relation to the general affairs of PSI, with particular emphasis on:
- Risk management.
Whilst retaining overall responsibility, the Supervisory Board delegates certain tasks to three permanent committees:
- Audit Committee
- Remuneration Committee
- Selection and Appointment Committee
BOARD OF DIRECTORS
The Board of Directors is responsible for:
- Corporate strategy
- Stakeholder relations
- Oversight of Group activities
The Management Board is responsible for:
- Management of the Group’s core trading activities
- Coordination of commercial strategy with the industrial asset divisions
Business development: Our development is founded on organic growth and expansion. Central to this, we actively seek to invest in partnerships with customers, commodity producers and service providers.
Corporate responsibility: Petro Star International undertakes all its activities with the highest regard for the wellbeing of people, places and the environment.
Petro Star has diversified its business to trading in a wide spectrum of commodity products including crude oil, refined oil products, natural gas, LNG, power, coal, carbon emissions, freight, iron ore, base metals and soft commodities. A key success factor is our extensive risk management culture