Internal Control Framework
Action Energy Company (“the Company”) is committed to maintaining a robust internal control framework as a core component of its corporate governance practices. The framework is designed to support sustainable growth, operational efficiency, transparency, accountability, and the protection of shareholders’ and stakeholders’ interests. The Company’s internal control framework is aligned with applicable Capital Markets Authority requirements and reflects leading governance, risk management, and internal control standards.
The Company’s internal control framework is based on the following key principles:
- Establish clear roles, responsibilities, and accountability
- Safeguard the integrity and reliability of financial reporting
- Maintain effective risk management and internal control systems
- Apply effective internal audit and independent assurance through a risk-based Internal Audit function and monitoring of remediation actions
- Promote ethical conduct, compliance, and professional standards, supported by confidential whistleblowing channels and non-retaliation principles
- Ensure timely disclosure, transparency, and effective communication
- Protect and respect shareholders’ rights
- Recognise and support stakeholders’ interests
- Encourage sustainable performance and institutional excellence
- Support corporate social responsibility and sustainable development
The Company continuously reviews and enhances its internal control systems, policies, and procedures to ensure ongoing compliance with applicable laws and regulations, strengthen oversight and risk mitigation processes, and reinforce a culture of integrity, compliance, and responsible corporate conduct across all levels of the organisation.
