Corporate Governance

Image of one of Scorpio's state-of-the-art vessels at sea off of a coastline.
Leading the Industry

Corporate Governance

Oversight in a Multi-National Environment

As a Marshall Islands corporation, we operate pursuant to an exception for foreign private issuers and comply with the corporate governance practiced by U.S. companies under the New York Stock Exchange (NYSE) listing standards, as well as our Code of Ethics, and our Sustainability Policy.

Image of the bow of a Scopio vessel en route.
Having A Majority Of Independent Directors

The Board of Directors of the corporation, or the Board, comprises of eight directors, five of whom have been determined as independent under NYSE standards.

Meeting on board one of Scorpio's vessels.
Establishing Board Committees

The Board has established the following committees, comprised of independent directors, to assist the Board in discharging its responsibilities and to function more effectively:

  • Audit Committee
  • Nominating and Corporate Governance Committee
  • Compensation Committee
  • The Audit Committee Charter is attached.


Scorpio workers on board a vessel at sea.
Adopting A Code Of Ethics

Scorpio Tankers Inc.’s Code of Ethics establishes the values and principles approved by the Board for all of our employees, directors, officers and agents. Our Code of Ethics is attached.


There are two significant differences between our corporate governance practices and the practices required by the NYSE, which are set forth below:

Executive Sessions
The NYSE requires that non-management directors meet regularly in executive sessions without management. The NYSE also requires that all independent directors meet in an executive session at least once a year. Marshall Islands law and our bylaws do not require our non-management directors to regularly hold executive sessions without management. Our non-management directors do meet in executive sessions without management and we report on the frequency of such sessions in our Annual Report.

Corporate Governance Guidelines
The NYSE requires companies to adopt and disclose corporate governance guidelines. The guidelines must address, among other things: director qualification standards, director responsibilities, director access to management and independent advisers, director compensation, director orientation and continuing education, management succession and an annual performance evaluation. We are not required to adopt such guidelines under Marshall Islands law and we have not adopted such guidelines.

Whistleblower Policy
The Board has adopted a Whistleblower Policy and an Environmental Whistleblower Policy. They are available here and here.

Whistleblower PolicyEnvironmental Whistleblower Policy