Banagas Board of Directors holds first meeting to ensure highest levels of corporate governance
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
Bahrain National Gas Company B.S.C (Banagas), held its first Board Meeting in the presence of the newly appointed Board of Directors. The meeting was chaired by Mr Mark Thomas, Group Chief Executive Officer of the Oil and Gas Holding Company (nogaholding).
During the meeting, the Board of Directors reviewed the Board Charter and established the Board Committees and their respective Charters to ensure the highest levels of corporate governance are applied. The Board’s Charter outlines its roles and responsibilities in setting the direction of the Company in line with the vision of His Highness Shaikh Nasser bin Hamad Al Khalifa, Representative of His Majesty the King for Humanitarian Work and Youth Affairs, Chairman of the Oil and Gas Holding Company, of implementing effective corporate governance in the oil, gas, and energy sectors.
The Board also discussed the company’s positive financial position for the financial year ending December 2021 and praised its progress and growth despite the global economic state. On the Health and Safety level, the Board lauded the company for completing 8 million man-hours of work without any lost-time accidents and receiving the 2021 Safety “Patron’s Award” for the Oil and Gas Sector from The Royal Society for the Prevention of Accidents (RoSPA), the United Kingdom where Banagas was awarded for its outstanding performance in the field of health and safety.