4. Maintain CITGO’s transparency and corporate governance

To have the best corporate governance practices based on recognized standards and to ensure the separation of roles and responsibilities between the administrative board, the company's management, and its shareholders.

Here you will find annual reports, audited financial statements, and regular communications on the company's management, important board decisions, and investment policies, as well as information on contracting, bids, and commercial agreements.

A clear document guides the conduct of all employees and managers, ensuring integrity in all operations.
As well as creating an independent compliance office to monitor and ensure compliance with applicable laws, international regulations, and sanctions.

Continuously review the risk management system to identify, evaluate, and manage financial, operational, legal, and reputational risks to comply with strict internal controls to ensure the accuracy of financial information and the protection of assets.

Establish effective communication channels to maintain an open and constructive dialogue with all stakeholders, including regulatory authorities, shareholders, employees, and the community at large.

Maintain regular reviews by international accounting and auditing firms to ensure the independence of the expert members of the administrative board, who should have no conflicts of interest.

Publish sustainability reports detailing the actions and impact of the CSR programs implemented as the company's commitment to sustainable development, the well-being of the communities in which it operates, and the protection of the environment.