We are committed to promoting high standards of corporate governance; we view governance as fundamental to business performance.
The Board comprises a non-executive Chairman, the Chief Executive, a Finance Director, three independent non-executive directors and one non-executive director.
The executive directors have extensive experience and knowledge of the oil and gas industry. Together, the non-executive directors bring a broad range of business, commercial and financial experience to the board. In addition, all have experience of the industry.
Chairman and Chief Executive
There is a clear separation of the roles of Ian Tyler, Chairman and Simon Thomson, Chief Executive, to ensure an appropriate balance of responsibility and accountability. The division of responsibilities has been clearly established, set out in writing and agreed by the Board.
The Chairman is responsible for the effective running of the Board, ensuring that the Board plays a full and constructive part in the determination and development of the Group's strategy and acting as guardian and facilitator of the Board's decision-making process.
The Chief Executive is responsible for managing the Group's business, proposing and developing the Group's strategy and overall commercial objectives in consultation with the Board and, as leader of the executive team, implementing the decisions of the Board and its committees.
The main Board committees are the audit committee, remuneration committee, governance committee and nomination committee.
Our most recent corporate governance report, along with further information on each of the Board committees, can be found in the 2014 Annual Report and Accounts.