Corporate Governance
We are committed to the highest standards of corporate governance, ensuring transparency, accountability and sustainable value creation.
Our Principles
Our governance framework defines how the company is managed, aligning with international best practices, stock exchange regulations, and ethical business principles. Through clear structures, robust controls, and responsible decision-making, we foster trust among shareholders, employees, and stakeholders while driving long-term growth and stability.
Leadership & Governing Bodies
OMV Petrom is managed under a two-tier governance system, ensuring a clear separation between strategic oversight and operational management.
Our Executive Board is responsible for daily business operations, while the Supervisory Board provides strategic guidance and oversees management decisions.
Additionally, the General Meeting of Shareholders (GMS) plays a key role in corporate decision-making, enabling shareholders to participate in major decisions and financial matters.
Compliance with the BVB Corporate Governance code
The Company first adhered to the Corporate Governance Code issued by the Bucharest Stock Exchange in 2010 and has continued to apply its principles.
OMV Petrom complies with almost all of the provisions set forth in the Corporate Governance Code issued by the Bucharest Stock Exchange in 2016. More details on the Company’s compliance status with the principles and recommendations stipulated under the Corporate Governance Code are presented in the corporate governance statement, which is a part of the Annual Report.