Vermilion is committed to a high standard of corporate governance practices. Strong governance is in the best interests of our shareholders and promotes effective decision making at the board level.
Vermilion’s external awards and recognition provide important benchmarks for our strong performance:
The Globe and Mail, Report on Business, Board Games
MSCI ESG Research Inc.
Institutional Shareholder Services (ISS) and Glass Lewis
Canadian Coalition for Good Governance (CCGG)
Great Place to Work Institute
These achievements demonstrate to investors our commitment to the core values of Excellence, Trust, Respect and Responsibility.
With shares dual listed on the TSX and the NYSE ("VET"), Vermilion is subject to Canadian rules and policies adopted by the TSX and the Canadian Securities Administrators (‘‘CSA'), and rules and listing standards applicable to "foreign private issuers" adopted by the NYSE and the U.S. Securities and Exchange Commission (‘‘SEC') (which give effect to provisions of the Sarbanes-Oxley Act of 2002). Vermilion considers these Canadian corporate governance requirements, NYSE corporate governance rules and listing standards and applicable SEC rules in determining its corporate governance practices. Responsibility to oversee our corporate governance practices is delegated by the board to the Governance and Human Resources Committee, a committee composed entirely of independent directors.
More information about our corporate governance practices and policies is included in our most recent information circular.