Welcome to Alcon!

  • About us

    Who is Alcon?

    EPC Contractor in the Upstream, Midstream, Downstream, Power Systems and Infrastructure for projects with individual value of up to 250 MUSD. P&C Contractor for projects up to 400M USD.

     

     

    Alcon's Read More

  • Alcon News

    Alcon's most recent news! Read More
  • Under Execution Projects

    Alcon's current projects:
    Akia Phase II
    PH Monorail
    Nun River Project
    Soku Project
    Okoloma Project
    Bonny RA Project
    Forcado Yokri Project
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  • Finalized Projects

    A brief presentation of major Alcon's executed projects. Read More
  • CSR

    CORPORATE SOCIAL RESPONSIBILITY (CSR) POLICY

    ALCON  believe the principles of corporate social responsibility (CSR) and good corporate citizenship are key to our success. Our CSR stance focuses on four key areas : Client and marketplace

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Corporate Governance

CORPORATE GOVERNANCE

BOARD OF DIRECTORS
The Board of Directors is accountable and responsible for the performance and affairs of the company. It should define the company's strategic goals and ensure that its human and financial resources are effectively deployed towards attaining those goals. The Board, in overseeing the effective performance of the management, should ensure that the company carries out its business in accordance with its articles and memorandum of association and in conformity with the laws of the environmentally sustainable basis.


The Board shall define as well a framework for the delegation of its authority or duties to management specifying matters that may be delegated and those reserved for the Board.

 

EXECUTIVE DIRECTORS
Executive Directors like the CEO, MD or ED should be persons knowledgeable in relevant areas of the company's activities in addition to possessing such other qualifications needed for their specific assignments of responsibilities.

COMPANY SECRETARY
The Company Secretary should be a person possessing the relevant qualifications and competence necessary to effectively discharge the duties of his office. Accordingly, the company secretary should be appointed through a rigorous selection process that is applicable for appointment of new Directors.

The Company Secretary has the primary duty of assisting the board and management in implementing this code and developing good corporate governance and practices and culture.

THE RISK MANAGEMENT COMMITTEE
The Board may establish a Risk Management Committee to assist in its oversight of the risk profile, risk management framework and the risk rewarding strategy determined by the Board. 


MEETINGS OF THE BOARD
To effectively perform its oversight function and monitor management's performance, the Board should meet at least every quarter.


CONFLICT OF INTEREST
Companies should adopt a policy to guide the board and individual directors on conflict of interest situations. 


MEETINGS OF SHAREHOLDERS
The general meetings of the company should be the primary avenue for meeting and interaction between the shareholders management and the Board.
The Board should ensure that all shareholders are treated fairly and are given equal access to information about the company.

VARIOUS ISSUES
Companies should pay adequate attention to the interest of its stakeholders such as its employees, host community, the consumers and general public.

The Board is responsible for the process of risk management. It should accordingly form its own opinion on the effectiveness of the process.
Management is accountable to the board for implementing and monitoring the process of risk management and integrating it into the day-to-day activities of the company.
The Board should set up an effective risk based internal audit function, whose purpose, authority and responsibility should be clearly and formally defined in an audit charter approved by the board.
The Board should enforce a whistle blowing policy, known to its employees, stakeholders and general public.

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