Chairman’s Message

From the Chairman’s Message to Staff, Our Ethical Commitment:

The Vital Group – the FSM Petroleum Corporation and Vital Energy, Inc. – has embarked on a 10-year strategy that we all know as Voyaging Together 2025. Our long-term vision is clear: The Vital Group is the largest provider of energy life-line products & services in Micronesia.

This strategy was developed by 22 of our staff from across every location, and later reviewed and confirmed by all of you. Each of you had a voice and have committed to this ‘Voyage’ together. We have our ‘sea map’ and it will help guide us through the many challenges and threats we face and ultimately steer the company toward bigger and better achievements in the years to come.

To help us navigate the voyage, we have established a Strategy Execution Team (SET) and the Committee on Resource Effectiveness (CoRE). Both groups create a solid foundation for all of us to execute a strategy that will open many opportunities for growth and achieve our Vision.

Underpinning all of this is the daily effort, expertise and hard work of our people – our most valuable resource – working together collaboratively within their respective communities and across our various teams.

Our continued growth and long-term viability depends on all of us embracing the ethical shared values and principles that motivate and guide our day-to-day undertakings. Put more simply, we are judged by how we act.

Our shared ethics of personal and professional responsibility, exemplary behaviour in our communities, and respect for people underpin the internal and external credibility of our actions and initiatives. These values comprise the hull of our canoe and what will keep us afloat.

In every operating unit, management is responsible for instilling these ethical values and ensuring that the corresponding principles are applied. It is also the responsibility of management to provide employees – and the public – with safe and confidential channels to raise concerns and report instances of non-compliance.

It is only by continuing to commit to these fundamental principles that we will continue to be strong, support sustainable growth and benefit everyone.

Faustino Yangmog
Chairman of the Board