CORPORATE GOVERNANCE

Governance Structure

Phyqs continues to build trust with its stakeholders, foster long-term growth, and operate with the highest levels of integrity and accountability by maintaining a robust corporate governance framework. Our governance structure supports effective decision-making while safeguarding the interests of shareholders, employees, and customers. The key components includes but not limited to board of Directors and requisite operational committees; audit and risk, nominations and governance and HSE.

Board of Directors

The Board of Directors plays a pivotal role in guiding Phyqs’ strategic direction. It provides oversight of management and ensures the alignment of company goals with long-term stakeholder value. The Board comprises seasoned professionals with diverse backgrounds in oil and gas, engineering, finance, and sustainability.

Committees

To ensure focus and efficiency, Phyqs has established specialized committees that address critical areas responsible for financial oversight, risk management, and internal controls, focuses on board composition, governance standards, and leadership development, and dedicated to overseeing the company’s safety, environmental, and sustainability practices.

OUR OPERATIONAL DRIVERS

Phyqs recognizes that strong governance is essential for maintaining trust, fostering long-term success, and upholding our corporate responsibility. We are dedicated to implementing best practices in corporate governance, ensuring that our leadership operates with transparency, integrity, and accountability.

Phyqs’ Code of Ethics is the cornerstone of our corporate governance approach. It outlines the principles and standards that govern our actions, ensuring that integrity, fairness, and compliance are at the forefront of all operations. All employees, from senior leadership to front-line staff, are expected to adhere to these ethical guidelines.

We value the input and engagement of our shareholders. Our policies ensure open communication and transparency, providing shareholders with the necessary information to make informed decisions. Regular shareholder meetings, updates on company performance, and financial reports are available through multiple channels.

Effective risk management is essential to our success in the volatile energy industry. Phyqs has a comprehensive risk management framework in place, focusing on:

Identifying potential risks across financial, operational, environmental, and reputational areas.

Implementing mitigation strategies and continuous monitoring to address emerging risks.

Ensuring resilience and continuity in the face of industry challenges.

Phyqs is fully compliant with all local and international laws, regulations, and industry standards. We work closely with regulatory bodies to ensure that our operations meet the required legal and ethical benchmarks, particularly in areas related to safety, environmental impact, and corporate transparency.

We believe that a diverse and inclusive workforce is key to innovation and business success. Phyqs’ corporate governance policies prioritize equal opportunities for all employees, regardless of gender, race, or background. We are committed to fostering a workplace where different perspectives are valued and inclusion is a core principle.

Phyqs is actively engaged in giving back to the communities where we operate. Our CSR initiatives focus on education, healthcare, and environmental conservation, aiming to improve the quality of life and promote sustainable development in those regions.

As part of our governance responsibilities, Phyqs is dedicated to operating sustainably and reducing our environmental footprint. We have integrated sustainability into our decision-making processes, ensuring that our projects and activities contribute positively to the environment and local communities.

Our leadership team is fully accountable for upholding the principles of good governance. This includes ensuring that business decisions are made in the best interest of shareholders, customers, employees, and the broader community. The Board and management are regularly evaluated based on key performance indicators, including sustainability, ethical conduct, and financial performance.

Phyqs has a zero-tolerance towards corruption, bribery, and any form of unethical conduct. Our Anti-Corruption and Bribery measures ensures compliance with international anti-corruption laws and standards, mandatory training programs for all employees to prevent unethical practices and deploying a whistleblower mechanism allowing employees and third parties to report misconduct anonymously and without fear of retaliation.

Phyqs has a rigorous Conflict of Interest measures to prevent personal interests from interfering with business decisions. Our measures ensure that our directors, officers, and employees disclose any conflicts of interest, that decisions are made objectively, with the company’s best interests at the forefront and above all ensure strict measures are taken to mitigate any potential conflicts to maintain trust and integrity in our operations.

In today’s digital landscape, safeguarding sensitive information is critical. Phyqs has developed a comprehensive Cybersecurity and Data Protection processes and measures to ensure we employ advanced technologies and protocols to protect company, client, and employee data from cyber threats, that we adhere to global data protection regulations, ensuring the privacy of personal information and in the event of a data breach or cyberattack, we have established protocols for a rapid and effective response, minimizing potential damage.

Phyqs is committed to the continuous improvement of its governance framework. We regularly review and update our governance policies and practices to reflect changes in the regulatory environment, industry standards, and stakeholder expectations. This commitment to evolution ensures that our governance approach remains relevant, effective, and aligned with global best practices.

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