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Recruitment Scams



It has been brought to attention of Leni Gas and Oil Group (‘LGO’) that fraudulent communications have been made to members of the public offering false employment opportunities in LGO. There have been recent incidents that have occurred with organisations falsely pretending to recruit on behalf of LGO or by people claiming to work for, or be affiliated to, LGO. These propositions notify individuals that their qualifications were found suitable to work as an employee (local or expatriate) for LGO and solicit the transfer of significant sums of money to pay for work permits, insurance policies, etc.


Please note that LGO (nor any of the organisations that recruit on our behalf) never ask for any money or payments from applicants, at any point in the recruitment process. All individuals who are successful in gaining an offer of employment from LGO, whether directly or indirectly, are always required to go through a formal recruitment process.


Please note that these communications are fraudulent. They do not originate from LGO nor are they associated with LGO’s recruitment process.



How to identify Recruitment fraud


  • The perpetrators will often ask recipients to complete bogus recruitment documentation, such as application forms, terms and conditions of employment or visa forms. The LGO name and logo is often featured on the documentation without authority
  • There is an early request for personal information such as address details, date of birth, CV, passport details, bank details etc.
  • Candidates are requested to contact other companies/individuals such as lawyers, bank officials, travel agencies, courier companies, visa/immigration processing agencies etc.
  • E-mail correspondence is often sent from (or to) free web-based e-mail accounts such as Yahoo.com, Yahoo.co.uk, Gmail.com, Googlemail.com, Live.com etc.
  • The perpetrators frequently use mobile or platform telephone numbers beginning with +44(0)70 instead of official company numbers.
  • The perpetrators may even offer to pay a large percentage of the fees requested and ask the candidate to pay the remaining amount.
  • There is an insistence on urgency


We recommend that you do not:


  • Respond to unsolicited business propositions and/or offers from people with whom you are unfamiliar.
  • Disclose your personal or financial details to anyone you do not know.
  • Send any money, LGO does not ask for money transfers or payments from applicants to secure a job, either as an employee or as a contractor.
  • If you receive such proposals, we would advise you to contact your local police and provide them with all information you may have from the senders (email addresses, phone/fax details, etc.).
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LGO are Silver Tier sponsors of Trinidad & Tobago Energy Conference 2013

Corporate Governance

 

The Board is committed to maintaining high standards of corporate governance. The Listing Rules of the Financial Services Authority incorporate the Combined Code, which sets out the principles of Good Governance, and the Code of Best Practice for listed companies. Whilst the Company is not required to comply with the Combined Code, the Company’s corporate governance procedures take due regard of the principles of Good Governance set out in the Combined Code in relation to the size and the stage of development of the Company.

 

Board Meetings

 

The Board is responsible for formulating, reviewing and approving the Company’s strategy, financial activities and operating performance. Day to day management is devolved to the Executive Directors who are charged with consulting the Board on all significant financial and operational matters.

 

Internal Controls

 

The Directors acknowledge their responsibility for the Group’s systems of internal controls and for reviewing their effectiveness. These internal controls are designed to safeguard the assets of the Company and to ensure the reliability of financial information for both internal use and external publication. Whilst they are aware that no system can provide absolute assurance against material misstatement or loss, in light of increased activity and further development of the Company, continuing reviews of internal controls will be undertaken to ensure that they are adequate and effective.

 

Risk Management

 

The Board considers risk assessment to be important in achieving its strategic objectives. There is a process of evaluation of performance targets through regular reviews by senior management to forecasts. Project milestones and timelines are regularly reviewed.

 

Business Risk

 

The Board regularly evaluates and reviews any business risks when reviewing project timelines. The types of risks reviewed include:

  • Regulatory and compliance obligations
  • Occupational Health, Safety and Environmental requirements
  • Legal risks relating to contracts, licenses and agreements
  • Insurance risks
  • Political risks deemed where appropriate

 

Insurance

 

The Group maintains insurance in respect of its Directors and Officers against liabilities in relation to the Company.

 

Treasury Policy

 

The Group finances its operations through equity and holds its cash as a liquid resource to fund the obligations of the Group. Decisions regarding the management of these assets are approved by the Board.

 

Securities Trading

 

The Board has adopted a Share Dealing Code that applies to Director, senior management and any employee who is in possession of ‘inside information’. All such persons are prohibited from trading in the Company’s securities if they are in possession of ‘inside information’. Subject to this condition and trading prohibitions applying to certain periods, trading can occur provided the relevant individual has received the appropriate prescribed clearance.

 

Relations with Shareholders

 

The Board is committed to providing effective communication with the shareholders of the Company. Significant developments are disseminated through stock exchange announcements and regular updates of the Company website. The Board views the AGM as a forum for communication between the Company and its shareholders and encourages their participation in its agenda.

 

Anti Bribery Policy

 

Please find a copy our Anti-corruption and Bribery Policy to download here, alternatively you can read online here