Key skills and experience matrix
Board | Year | Oil & | Financial | International | Listed | Safety & | Oil & gas | Government |
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Chair | ||||||||
Roald Goethe | 2023 |
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Executive Directors | ||||||||
Ian Perks | 2025 |
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Richard Miller | 2023 |
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Non-Executive Directors | ||||||||
Rebecca Wiles | 2023 |
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Henry Steel | 2026 |
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Garrett Soden | 2026 |
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Euan Shirlaw | 2026 |
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James Peterkin | 2026 |
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Governance framework
The Board operates through a governance framework with clear procedures, lines of responsibility and delegated authorities to ensure that our strategy is implemented, key risks are assessed and managed effectively and legal and regulatory requirements are adhered to.
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.
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
Committees established by the Board to ensure strong corporate governance.
Code of ethical conduct
We are committed to maintaining the highest ethical standards in the professional conduct of our staff, suppliers, contractors and consultants.
Risk management
The Board currently comprises one independent non-executive Chair, two Executive Directors and two independent non-executive Directors.