Committed to Upholding the Highest Standards of Corporate Governance
Luberef’s approach to corporate governance is built on integrity, transparency, and accountability, ensuring the company operates in the best interests of all stakeholders. The Company’s governance framework is designed to clearly define roles, responsibilities, and decision-making processes, aligning with both regulatory requirements and the specific needs of the business.
Read moreBoard of Directors
Luberef’s Board is composed of six members who were appointed by the Conversion Assembly on August 14, 2022, for a period of five years.
Explore this sectionBoard Committees
The Board Audit Committee (BAC) plays a central role in safeguarding the integrity of Luberef’s financial management. It oversees financial reporting processes, internal controls, and risk management frameworks to ensure the accuracy and reliability of disclosures.
Explore this sectionSustainability and HSE Committee
This year, the Board also approved the establishment of a third committee and its governing charter – the Sustainability and HSE Committee. The formation of the committee is now in its final administrative phase, which includes the appointment of its members.
Explore this sectionDividend Policy
Under the revised policy approved by the Board in February 2024, dividends are based on free cash flow generation, targeting distributions of 60%–80% of annual free cash flows after accounting for capital expenditure and other financial requirements.
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