Download Icon Download Report
Governance Governance and Compliance
Back to prev Menu
Menu Icon

BW LPG has a well-developed corporate governance structure

BW LPG Board of Directors

  • Fully Aligned Incentives for the Executive Management

    The Executive Management team consists of four members who work together as a team to exercise proper supervision on the management of the Company. The Executive Management is independent of the Board of Directors, and remuneration of the Executive Management is based upon the Guidelines for Executive Management.

    Remuneration of the Executive Management is reviewed annually and approved by the Board based on recommendations by the Remuneration Committee. The Remuneration Committee considers the performance of the Executive Management and gathers information from comparable companies before making its recommendation to the Board. Such recommendation aims to ensure convergence of the financial interests of the Executive Management and the shareholders.

    Sustainability performance objectives are integrated into the variable remuneration of the Executive Management.

  • Encouraging Colleagues to Speak Up

    At BW LPG, we have a supportive and open culture. Crew and colleagues do not have to worry about reprisals if they report misconduct, challenge current processes or raise critical concerns. By flagging concerns for attention, we can positively manage incidents before they become bigger issues.

    Employees can either approach their Line manager, an HR representative, or their Head of Department. Employees are assured of a fair review and assessment for required corrective action. Depending on the matter, this can be escalated to the highest level of authority for attention.

    BW LPG provides a quarterly update on compliance and litigation to our Board to ensure prompt and transparent communication, and fair resolution of any concern.