CS Maritime maintains a Risk Log for recording & managing the Company’s exposure to potential business risks, which could have a material impact on its performance or reputation, for example customer under-funding or bad debts. This log is reviewed regularly by the executive committee of how management is addressing identified risks and the approach to taking any corrective actions as deemed necessary.
Ethical business conduct is fundamental to the reputation and success of any company. We also have comprehensive policies and procedures in place to identify and mitigate bribery and corruption risks throughout our operations forming an integral part of the framework. The CSMS IT system have been developed with certain checks and balances and all payments made and received are transparent with a full audit trail for all transactions. The Executive committee, comprising the Group CFO, HR and the Head of Technical and Head of Operations and other Key members as required, to review any contracts involving commission arrangements to ensure that they are within acceptable guidelines.