The Board remains focused on strong corporate governance and effective risk management.

The Board is accountable to the Company’s shareholders and wider stakeholders for the creation and delivery of long-term, sustainable operational and financial performance for the enhancement of shareholder and stakeholder value. The Board discharges its responsibilities in a number of ways including ensuring that the Group’s purpose, values and strategy align and that the necessary resources are available to achieve the agreed strategic priorities.


The Board sets the Group’s core values and behaviours which shape our culture and ensures that it takes decisions that are aligned to our values. The Board regularly reviews the policies implemented, including our Code of Ethical Conduct, to ensure we continue to have the right framework and working practices in place, ensuring that at all times we do what is right and promote a culture of openness, empowerment, performance and continuous improvement. 

Board composition

The Board currently comprises a Chair, two Executive Directors and six independent non-executive Directors. Together, they bring a broad range of business, commercial and other relevant experience. The Board is of the view that there is an appropriate balance of skills, experience, independence and diversity of background amongst the members to carry out duties and responsibilities effectively.


Board Member Year appointed
Phuthuma Nhleko 2021
Executive Directors
Rahul Dhir 2020
Richard Miller 2023
Non-Executive Directors
Sheila Khama 2019
Genevieve Sangudi 2019
Martin Greenslade 2019
Mitchell Ingram 2020
Roald Goethe 2023
Rebecca Wiles 2023

Tullow Incentive Plan rules
This document sets out detailed rules of the Tullow Incentive Plan which is a discretionary benefit offered by Tullow for its employees.

Schedule of matters reserved for the Board

Our policies

Tullow Oil Code of Ethical Conduct
23 March 2021

Tullow Oil human rights policy
17 June 2022

Tullow Oil external audit policy
16 April 2020

Tullow Oil risk management policy
16 April 2020

Tullow Oil safe and sustainable operations policy
16 April 2020

Governance framework

The Board

  • Led by Chair and collectively responsible for setting the Company’s strategy to deliver long-term value to shareholders and wider stakeholders. 
  • Ensures that the appropriate resources, leadership and effective controls are in place to deliver the strategy.
  • Sets the Company’s culture and values.
  • Monitors the business’s performance, oversees risk management and determines the Company’s risk appetite.
  • Accountable for the stewardship of the Company’s business to the shareholders and wider stakeholders.

Nominations Committee

  • Responsible for reviewing the balance of skills, knowledge, experience and diversity of the Board and its Committees.
  • Oversees the recruitment and appointment of Directors.
  • Ensures plans are in place for orderly succession for the Board and senior management and oversees the development of a diverse pipeline for succession.
  • Monitors the development and implementation of the inclusion and diversity strategy at Board level and throughout the Company.

Audit Committee

  • Responsible for the integrity of financial reporting and disclosures and reviews the controls in place.
  • Oversees the relationship with the external auditor, including monitoring independence.
  • Reviews significant financial reporting and accounting policy issues.
  • Oversees the Group’s internal audit programme and the process of identifying principal and emerging risks and ensuring that they are managed effectively.

Safety and Sustainability Committee

  • Responsible for and monitors occupational and process safety, people and asset security, health and environmental stewardship, including protection of the environment, climate and biodiversity.
  • Oversees the Company’s sustainability-related governance matters including protection of human rights, sociopolitical issues and sustainability-related disclosures.
  • Oversees implementation of the Company’s strategic sustainability priorities.

Remuneration Committee

  • Responsible for the remuneration arrangements for the Chair, Executive Directors, and senior management, in line with the Remuneration Policy.
  • Ensures rewards and incentives closely align with the successful delivery of the Company’s long-term purpose and strategy as well as those of the shareholders and wider stakeholders, including the workforce.
  • Reviews the remuneration arrangements for the wider workforce.
Board committees

Board committees

Committees established by the Board to ensure strong corporate governance.
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Code of ethical conduct

Code of ethical conduct

We are committed to maintaining the highest ethical standards in the professional conduct of our staff, suppliers, contractors and consultants.
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Risk management

Risk management

We recognise that effectively managing risks and opportunities is essential to our long-term success and is fundamental in helping us achieve our strategic objectives and protecting long-term shareholder value.
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