Name:Group Sonangol
Acronym:GS
Description:
Philosophy -- Despite being a state owned company, Group Sonangol bases the financial and administrative management of its
companies on the management standards of private companies. To achieve the established levels of efficiency and productivity,
the company emphasizes the application of modern management methods to make the Group more efficient and transparent to the
outside world. Some of the policies we use: * accounts reporting of all group companies in conformity to international standards
of financial rigor. * achievement of each group's companies goals with transparency and responsibility. * valorisation of
the human capital and creating of a professional environment conducive to self-motivation. * responsibility towards the environment
and for its preservation. Foreseeing the entry of domestic private companies in the oil sector, Sonangol expanded its business
and level of expertise to prepare for free competition.
Stakeholder(s):
