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 governance practices resulted in a rank of second among energy companies and 20th of 234 companies and income trusts in the S&P/TSX composite index corporations in the 2015 Globe and Mail's Board Games.
In 2015, the Great Place to Work® Institute recognized Vermilion as one of the Top 10 Best Workplaces in Canada, France and The Netherlands (our operations in Australia also participate in this program, but our employee numbers do not meet the minimums needed for ranking). Participation in the program helps us attract and retain the talent needed to ensure our success, through understanding employee priorities, ensuring we have competitive programs and increasing our external profile.
Vermilion's achievement of another top ranking in 2015 demonstrates to investors our commitment to the core values of Excellence, Trust, Respect and Responsibility.
With its 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.