";s:4:"text";s:6306:"Investor engagement in November-December was dedicated to give an update to the investment community on MOL’s long-term strategy (‘MOL2030’), summarizing the key steps taken and those upcoming in the near future.
Moreover, the group level business and functional units, specialised risk management functions, the Group Risk Management department, and the Management Committee, the Chief Executives Committee and the Board of directors, as well as its committees provide oversight and assurance on the comprehensive and group level application of the risk management framework as well as evaluation of it.During 2017 and 2018 we identified major long-term risks that may impact the MOL Group 2030 strategic objectives and detailed analysis and the related mitigation plans have been prepared. Furthermore, investors are able to raise questions or make proposals at any time during the year, including the Company’s general meeting. From January 1, 2012 the incentive based on share allowance serves as a long-term incentive for the members of the Board of Directors. Building on this network, our goal is to provide our 10 million customers with high quality products and the most desirable services and future demand solutions.MOL Group’s Downstream division operates four refineries and two petrochemicals plants, and is made up of different business activities that are part of an integrated value chain. Each “A” Series share entitles its holder to one vote. It has operations in over 30 countries and employs 26,000 people worldwide. The products include, among others, gasoline, diesel, heating oil, aviation fuel, lubricants, bitumen, sulphur and liquefied petroleum gas (LPG). Every year, each company sets environmental targets to reduce the environmental impact of our business activities based on specific guidelines that are in line with midterm management plan, and … Invitations to the general meeting are published on the company website according to the Articles of Association. In addition, presentations on the business, its performance and strategy are given to shareholders at the Annual General Meeting. According to Article 8.6 of the Articles of Association: „Each shareholder – at the shareholder’s identification related to the closing of the share registry prior to the next general meeting –, shall declare whether he, or he and any other shareholder belonging to the same shareholder group as specified in Articles 10.1.1 and 10.1.2 holds at least 2% of the Company’s shares, together with the shares regarding which he asks for registration.” If the conditions described in the previous sentence are met, the shareholder requesting registration is obliged to declare the composition of the shareholder group taking into account the provisions of Articles 10.1.1 and 10.1.2.Furthermore, the shareholder shall, on the request of the Board of Directors, immediately identify the ultimate beneficial owner with respect to the shares owned by such shareholder.
Dry Bulk Transport Dry Bulkers; Energy Transport Tankers; Energy Transport LNG Carriers; Energy Transport Offshore Business; Product Transport Car Carriers; Product Transport Ferries and Coastal RoRo Vessels; Product Transport Containerships; Product Transport Terminal; Product … The Company submits its declaration on this topic to the Budapest Stock Exchange every year, reviews the compliance with the Recommendation of the Warsaw Stock Exchange and in case of any change, publishes it.MOL’s corporate governance practice meets the requirements of the regulations of the Budapest Stock Exchange and the relevant capital market regulations. The Corporate Governance and Remuneration Committee rigorously assesses performance at the end of the period and judges whether the results against the performance measures are a reflection of the underlying performance of MOL GroupThe Board of Directors of MOL Plc.
Notice of our wide range of awards. MOL Group is a leading integrated Central & East European oil and gas corporation headquartered in Budapest, Hungary. Commodity price, FX and interest rate risks are measured regularly by using a complex model based on advanced statistical methods, and are managed – if necessary - with hedging measures.Transferring of the financial consequences of our operational risks is done by insurance management, which represents an important risk mitigation tool used to cover the most relevant exposures and liabilities arising out of our operations.
Why, the honorary captain?
Consumer services The Corporate Governance and Remuneration Committee recognizes that remuneration plays an important role in supporting the achievement of these goals. Introducing 'MOL Group' of Mitsui O.S.K. Adv Gallery Check out MOL ads through the years. MOL Hungarian Oil and Gas Public Limited Company (hereinafter: “MOL” or “Company”) has always been committed to implementing the highest standards of corporate governance structures and practices. * According to the Act XXX of 2019 on the Maecenas Universitatis Corvini Foundation and the asset transfer to the Maecenas Universitatis Corvini Foundation and the Corvinus University of Budapest (“MUC Act”), 81.942.946 pieces of series „A” MOL ordinary shares were transferred to the Foundation’s trust management on 5 June 2019. The company is well on track with the Polyol Project, its flagship investment into high-value intermediates for products applied in the automotive, packaging and furniture industries. Underlying operations were run...
The registration is not mandatory. The ordinary general meeting, based on the proposal of the Board of Directors approved by the Supervisory Board, shall have the authority to determine profit distribution, i.e.
