Good Corporate Governance is highly important to Gastec Group Nigeria. A good cooperation between management and the Advisory Board is essential to respect and further the interests of all shareholders and provide confidence to the Gastec’s stakeholders. Gastec is committed itself to compliance with the International Code of Corporate Governance and its aim to establish a system of management and control that is accountable and is geared to create sustainable, long-term value.
In 2012, the organizational structure was changed into a holding company. The management holding provides for a clear and transparent flat hierarchical management structure. Through shorter and faster lines of decision with increased responsibility for a specific result we are able to concentrate better on customer requirements and market demands.