Corporate Governance

Review and Continous Improvement

The improvement steps and actions items is tight to personal and group objective by mean of optimizing the entire team. A well-designed personal & group obejctive supports efforts and owndership at work. Every years, the management team decide the coming short term & long terms objectives base upon lessons learned and areas for improvement.

Those objective is then get disperse downward to subodinate well by having a list of individual “microgoals”. By leveraging every level of employee efforts, company make steady progress on the ultimate business goals.

Monitor & Control

An important constant monitoring of business is the financial key indicator/indexes. We strenght the financial control thru transperency and approval authority hierachy. On one has unlimited financial power in the company to authorised unlimited payment. Transactions are control with minimum two signature for check and balance.

All important key indicators important, followed by the yearly audit and control of the financial reporting followed continuously & checked. Variances are analyzed by management. If required, measures agreed to ensure the achievement of the targets.

Business Process Strategy

Our Business process management (BPM) is a structured, systematic approach to improving business processes, typically interactions between people and machine. Goals include improving efficiency, effectiveness, productivity, and agility to foster innovation, boost quality, speed up delivery and improve customer satisfaction.

Cauple with compant financial standard and I-management cloud database our strategy is to ensure simplicity & effeciency and to ensure no repeatation and non-productive work.

Sale & Contract

An important early indicator of business is the new sale forcast. We capture by business produc line and regions. Also key important of seperating service from products. At the same time, the sale forecast value and contract validity time is an key indicator for capacity utilization in the coming months.

All key indicators are in the course of control and control of the internal monthly reporting followed continuously and quaterly.

Financial targets for controlling and monitoring

The targets EBT, ROE, Asset-to-Debt ratio and free cash flow, we determine both the HQ and subsidiary for different product line of Well Construction, Well Stimulation and Well Intervention:

• Earnings before taxes EBT, we note the return on sales (EBT margin)

• Using the Return on Equity ROE we determine the return.

• The free cash flow is the balance of net cash from operating activities and investing activities.

• The Asset-to-debt ratio determine company health.

Objective of Management Governance

The sustained increase in corporate value is the goal of our corporate strategy. The OPT's financial targets demonstrate our performance measures and performance indicators that affect the value of the company.