1Global Pte Ltd was established in early 2018 as an independent local company in Singapore, at a time where the bunker industry was already beginning to re-position itself as a more transparent, more ethical, and more open industry it has evolved to be today. We shared the same ideals, and aspired to build a platform where we were able to align ourselves in this direction, and work with an extensive portfolio of like-minded clients nec ullamcorper mattis, pulvinar dapibus leo.
1Global Pte Ltd was established in early 2018 as an independent local company in Singapore, at a time where the bunker industry was already beginning to re-position itself as a more transparent, more ethical, and more open industry it has evolved to be today. We shared the same ideals, and aspired to build a platform where we were able to align ourselves in this direction, and work with an extensive portfolio of like-minded clients nec ullamcorper mattis, pulvinar dapibus leo.
Overview
Our presence in nearly every country of the world
requires training on international trade laws, including governing legislation of Monetary Authority of Singapore. U.S. anti- corruption and anti-trust laws, as well as those
in other countries where we do business. All employees are expected to uphold the highest ethical standards of
business integrity. Each must comply with all applicable laws and accurately record and track all business transactions.
Employees are subject to disciplinary action, including termination, for violations of our policies. Employees
receive training on our ethics policy every three years through business practices reviews, including a detailed
review of our Standards of Business Conduct, implementation guidelines and procedures. These general training sessions, in addition to more comprehensive training given to relevant functions on a more frequent basis, are a condition of employment at 1Global Pte. Ltd.
Standards of Business Conduct
Our Standards of Business Conduct define the global ethical conduct of the Company and its majority-owned subsidiaries. These Standards, adopted and administered by the board of directors, uphold the values of human rights, labor, the environment and anti-corruption. No one has authority to make exceptions or grant waivers to the Standards, and employees are expected to review the Standards each year. Disciplinary action is taken against any employee who violates them.
Internal audits
Regular internal audits and self-assessments help ensure the rigorous implementation of our control systems and Standards of Business Conduct. Auditors will look at all operations, conducting detailed assessments of facilities, business units, personnel and records, and thoroughly investigating noncompliance with the standards. These audits are conducted across all functions of the Company.
Bribery and corruption
Anti-corruption practices are an essential component of our compliance program, given that we operate globally and in many challenging environments. The Anti-Corruption Legal Compliance Summary outlines 1Global Pte. Ltd.’s commitment to comply with the Monetary Authority of Singapore legislation, U.S. Foreign Corrupt Practices Act (FCPA), the United Kingdom Bribery Act and global anticorruption standards in all business relationships. It also describes elements of the Company’s anti-corruption compliance program.
Our Standards of Business Conduct define the global ethical conduct of the Company and its majority-owned subsidiaries. These Standards, adopted and administered by the board of directors, uphold the values of human rights, labor, the environment and anti-corruption. No one has authority to make exceptions or grant waivers to the Standards, and employees are expected to review the Standards each year. Disciplinary action is taken against any employee who violates them.
Training
Audits, investigation and new business verticals, often take us to remote parts of the world, with changing political and regulatory climates.The training covers anti corruption laws as legislated by the Govt. of Singapore where the company is incorporated. In addition, this training covers the basics of the Monetary Authority of Singapore legislation, FCPA, the United Kingdom Bribery Act, global anti-corruption standards, recent developments in enforcement, and compliance with our internal anti corruption policy, guidelines and processes.Employees in positions assessed to be higher-risk receive training every year and within three months of entering their positions. Every two years, managers and professional employees not in higher-risk positions receive training.Every four years, all 1Global Pte. Ltd.’s employees are required to attend half-day business practices reviews that include anti- corruption issues. Additionally, we monitor legal and regulatory developments and advise employees as appropriate.
Reporting violations
We reinforce our commitment to ethics and high standards of business conduct with the expectation that all employees will report suspected violations of laws and company policies. The Company provides several confidential mechanisms for
reporting. Employees can also report violations during supervisory reviews. Confidentiality is respected throughout the investigation process subject to legal requirements; penalizing or threatening an employee for filing a report is prohibited. Violations lead to disciplinary actions, including dismissal.
Control systems
1Global Pte. Ltd.’s System of Management Control Basic Standards defines essential principles and concepts that drive our business controls. Our Controls Integrity Management System is designed to assess and measure financial control risks, including procedures for mitigating concerns, monitoring compliance with standards and reporting results to the appropriate operations and management groups within the Company. These company-wide financial controls meet or exceed the requirements of theSarbanes-Oxley Act. Regularself assessmentsandauditshelpensurethatevery operating unit consistently implements our controls and standards.
RISK MANAGEMENT PROCESS
Risk management is the identification, assessment and prioritization of risks followed by co-ordinated and economical application of resources to minimize, monitor and control the probability/ impact on unfortunate events/ to maximize the realization of opportunities. Risk management’s objectives is to assure uncertainty does not deflect the endeavor from the business goals. Risk can come from various sources, for e.g. uncertainty in financial markets, threats from project failures, legal liabilities, credit risks, accidents, natural causes and disasters as well as deliberate attack from an adversary, or events of uncertain/unpredictable root cause.
Methods of Risk Management
Principles of Risk Management
Risk Management Process
Risk treatment
Techniques of Risk Management
Our Partners
