Board Committees

The Board has established the following principal Committees, each of which has written terms of reference (approved by the Board) setting out its authority and duties. Links to the terms of reference can be viewed within each Committee section below. Hard copies can also be obtained from the Company Secretary.

Audit Committee

The main responsibilities of the Audit Committee include monitoring the integrity of the Group's financial statements and announcements on financial performance, overseeing the relationship with the external auditors and reviewing significant financial reporting and accounting policy issues. It also oversees the Group's internal audit programme, risk management systems and internal control procedures and ensuring effective whistle-blowing procedures.

Audit Committee Terms of Reference / PDF, 682KB

   

NOMINATIONS COMMITTEE

The role of the Nominations Committee is critical in ensuring that Tullow's Board and Committee composition and balance support both the Group's business ambitions and best practice in the area of corporate governance. Succession planning for Directors and other senior executives is another key responsibility.

Nominations Committee Terms of Reference / PDF, 672KB

   

REMUNERATION COMMITTEE

The principal role of the Remuneration Committee is to develop and maintain a remuneration strategy that ensures that Executive Directors and senior management are rewarded in a manner that continues to closely align the long-term interests of shareholders with those of executives.

Remuneration Committee Terms of Reference / PDF, 677KB

  

EHS COMMITTEE

The Committee has an objective of enhancing the Board's engagement with EHS by provoking appropriate in-depth reviews of strategically important EHS issues for the Group. The Committee is forward looking to enable it to provide appropriate advice and respond to Tullow’s growing presence in different operating environments.

 
EHS Committee Terms of Reference / PDF, 741KB

  

Ethics and Compliance COMMITTEE

The Committee exists to support the Board in promoting within Tullow and with people who work with Tullow the importance of ethics and compliance to ensure the continued success and business integrity of the business, protecting value as part of our risk management processes. The Committee supports and reinforces our commitment to being an ethical company and to providing extra assurance to our stakeholders that our policies and approach are adequate and effective.

 
Ethics Compliance Committee Terms of Reference / PDF, 742KB

Committee members 

Board member Audit
Committee
Nominations
Committee
Remuneration
Committee 
EHS
Committee
 
Ethics & Compliance 
Committee
  
Simon Thompson
 
(Chair)
 
Aidan Heavey
 
     
Angus McCoss
         
Paul McDade 
       
Ian Springett
         ✔
Ann Grant
     ✔
(Chair)
Tutu Agyare
   
Steve Lucas 
(Chair)
 ✔  ✔    ✔
Anne Drinkwater 
 ✔ ✔   ✔  ✔
(Chair)
 
Jeremy Wilson
 ✔  ✔  ✔
(Chair)
   
Mike Daly 
 ✔
 ✔     ✔