Governance

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.

Our Approach to Governance

Diversity and Inclusion​

We embrace a broad concept of diversity, encompassing factors including age, race, gender, personal attributes, skills, training, educational background and life experience. ​

Sustainable Development Goals​

Our governance approach aligns with Sustainable Development Goals to develop effective, accountable and transparent goals as a responsible energy producer.

Women in Leadership​

In 2021, we were accepted as a member of the 30% Club, joining their campaign to increase gender diversity on boards.

Our Governing Board

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Committees

We are honoured that our governance, economic, environmental and social performance has been recognized  by several leading organizations.

Meet our dedicated Board of Directors

Values

Our Values

Vermilion’s core values of Excellence, Trust, Respect and Responsibility have guided what we do and how we do it throughout our more than 20-year history.

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Our History

Vermilion was founded in 1994 as a Canadian oil and gas exploration and production company focused on assets in Alberta, Canada.

People

People

Our talented and innovative people have helped Vermilion earn the recognition as one of the best workplaces in Canada and Germany. Our people help set the stage for success at Vermilion.

Corp Info

Other Corporate Information

View important corporate information and partners.

Governance Disclaimer

We monitor Canadian and U.S. regulations related to corporate governance, legal requirements and disclosure trends. As a Canadian corporation with Common Shares dual listed on the TSX and the NYSE, we are subject to Canadian rules and policies adopted by the TSX and Canadian Securities Administrators, and rules and listing standards applicable to “foreign private issuers” adopted by the NYSE and the U.S. Securities Exchange Commission (“SEC”), which give effect to provisions of the Sarbanes-Oxley Act of 2002 (“Act”).

With respect to the United States, we are required to comply with the provisions of the Act and the rules adopted by the SEC pursuant to that Act, as well as the governance rules of the NYSE, in each case as applicable to foreign private issuers. Most of the NYSE corporate governance standards are not mandatory for Vermilion as a non-U.S. issuer, however, we are required to disclose any significant differences between our corporate governance practices and the NYSE corporate governance standards applicable to U.S. based issuers listed on the NYSE. Except those areas highlighted in a Summary of Significant Corporate Differences document, we remain in compliance with the NYSE corporate governance standards in all significant respects.

Vermilion considers these Canadian corporate governance requirements, NYSE corporate governance rules and listing standards and applicable SEC rules and other best governance trends 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.  

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