Board composition

The Tullow Board recognises the importance of good corporate governance and is committed to business integrity and high ethical values across the Group’s activities, which it views as an integral part of doing business.

Board members

There are 11 members of Tullow’s Board, five Executive Directors and six non-executive Directors. There is clear separation of the roles of the Chairman and the Chief Executive Officer to ensure an appropriate balance of responsibility and accountability.

Chairman

The Chairman, Pat Plunkett, is responsible for the effective running of the Board, ensuring that the Board plays a full and constructive part in the development and determination of the Group’s strategy, and acts as guardian and facilitator of the Board’s decision-making process.

Senior Independent Director

In this role, Steven McTiernan is available to shareholders who have concerns that cannot be resolved through discussion with the Chairman, Chief Executive Officer or Chief Financial Officer.

Chief Executive Officer

The Chief Executive Officer, Aidan Heavey, 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. In addition, the Chief Executive Officer is responsible for maintaining regular dialogue with shareholders as part of the Group’s overall investor relations programme.