Oviedo, FL – SIXTY-SIX OILFIELD SERVICES, INC. (OTC: SSOF) Daniel Sobolewski, CEO of SIXTY-SIX OILFIELD SERVICES, INC., said today, “We are dedicated to providing unparalleled value to our customers and stakeholders. In order to achieve this, we remain committed to transparency and adaptation of responsible corporate practices. In the efforts to keep our Shareholders informed of what we are doing on a consistent basis, and to provide updates as often as possible going forward, we are working on providing as much information as possible in a timely manner to bring our Shareholders up to date with the current operations of the Company.” “Also, please be on the look out for our NEW TWITTER FEED, as we will try to update our Shareholders on a consistent basis there as well.” https://twitter.com/SSOF_Services
Sixty-Six Oil Field Services management team demands excellence, efficiency, and diversity. The new business plan is a testament to the company's commitment to delivering cutting-edge solutions while staying true to its core values.
Establishing corporate governance is crucial for any organization to ensure transparency, accountability, and ethical practices. Our Corporate governance involves balancing the interests of our company's many stakeholders, shareholders, management, customers, suppliers and financiers.
In the past year we’ve established;
- Set up a diverse and competent board of directors responsible for overseeing the company's management, strategy, and performance. The board will include independent directors to provide objective viewpoints.
- We’ve developed and are implementing a comprehensive set of corporate governance policies that outline the roles, responsibilities, and code of conduct for directors, executives, and employees.
- We are committed to fostering a culture of transparency by regularly communicating with stakeholders through annual reports, financial statements, press releases and other disclosures. Transparency builds trust and confidence in the company.
- We’ve established clear lines of accountability within the organization, ensuring that every individual understands their responsibilities and is answerable for their actions.
- We’re developing a robust risk management framework to identify, assess, and mitigate various risks faced by the company. Regularly review risk management practices to ensure their effectiveness.
- We are instilling a strong ethical culture within the organization by promoting integrity, honesty, and ethical behavior. Provide ethics training for employees and ensure ethical considerations are part of decision-making processes.
- We have designed a fair and performance-based executive compensation system aligned with the company's long-term goals. We will avoid compensation structures that incentivize excessive risk-taking.
- We have established Shareholder Rights to respect and protect the rights of shareholders, allowing them to participate in key decisions and have a say in the company's governance.
- We’ve Established Compliance to comply with all applicable laws, regulations, and corporate governance codes. We will hire a compliance officer to monitor adherence to these requirements.
- We’ve Established Internal Controls to implement robust internal control mechanisms to safeguard assets, prevent fraud, and ensure accurate financial reporting.
- We will Engage with stakeholders, including customers, suppliers, employees, and the community, to understand their needs and concerns, and address them appropriately.
- We Will Periodically evaluate the effectiveness of corporate governance practices, and be willing to make improvements based on the outcomes.
Establishing and maintaining effective corporate governance is an ongoing process that requires commitment from the company's leadership and the active involvement of all stakeholders. It helps build a strong foundation for long-term success, growth, and sustainability of the organization.
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled-personnel. The Company is not obligated to revise or update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.
CONTACT:
Daniel Sobolewski
CEO
Oviedo, Florida 32765
E: dbcapitalllc@gmail.com