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

The Board is accountable to shareholders for sustainable financial performance and long-term shareholder value. It meets these aims by approving the Group’s strategy and ensuring that the necessary resources are in place to achieve the agreed strategic aims and objectives. It determines the Company’s key policies and reviews management and financial performance.

Leadership

The Board operates within a framework of controls and these clear procedures, lines of responsibility and delegated authorities allow risk to be assessed and managed effectively. These are underpinned by the Board’s work to set the Group’s core values and standards of business conduct and ensure that these, together with the Group’s obligations to its stakeholders, are widely understood across all its activities.   

Board composition

The Board currently comprises a Chair, an Executive Director and five independent non-executive Directors. Together, they bring a broad range of business, commercial and other relevant experience. The Board are 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
Chair
Dorothy Thompson 2018
Executive Directors
Rahul Dhir 2020
Les Wood 2017
Non-Executive Directors
Jeremy Wilson 2013
Mike Daly 2014
Sheila Khama 2019
Genevieve Sangudi 2019
Martin Greenslade 2019

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

Schedule of matters reserved for the Board

 

Section 430 (2B) Statement - Retirement of Steve Lucas
This document is provided in accordance with Section 430 (2B) of the Companies Act 2006


Section 430 (2B) Statement - Resignation of Paul McDade and Angus McCoss
This document is provided in accordance with Section 430 (2B) of the Companies Act 2006

Our policies

Tullow Oil Code of Ethical Conduct
01 September 2018

Tullow Oil human rights policy
16 April 2020

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 of Directors

Chair, Executive Director and non-executive Directors

The Board operates under the leadership of the Chair and is collectively responsible for setting the Company’s strategy to deliver long-term value to shareholders and other stakeholders. The Board ensures the appropriate resources, leadership and effective controls are in place to deliver the strategy. The Board also sets out the Company’s culture and values, monitors business performance and provides risk management. The Board delegates some of its responsibilities to Board Sub-Committees. The Board is accountable for the stewardship of the Company’s business to the shareholders.

Audit Committee

Responsible for financial reporting, audit, internal control and risk management.

Nominations Committee

Responsible for Board composition, appointment of Directors and succession planning.

Remuneration Committee

Responsible for reward and compensation for Executive Directors and the Chair and reviewing the remuneration arrangements for the Executive Team and employees.

Safety & Sustainability Committee

Responsible for health, occupational and process safety, environment and security management.

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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