A foundation of solid corporate governance guides Parex Resources’ corporate culture. The Company endorses transparency and responsiveness to shareholders, markets, and other relevant stakeholders in all activities and at all organizational levels.
Parex upholds high corporate governance standards to:
Effective management practices and internal controls are key components of the Company’s governance framework. Through its committees, the Board of Directors monitors these practices and ensures that designed systems operate properly and within legal requirements.
The Board of Directors and the Executive team oversee Parex’ overall strategic direction and management through 4 committees, all including independent directors:
|Corporate Governance & Nominating||Compensation & HR||Finance & Audit||HSE & Reserves|
|Robert J. Engbloom,
|G. R. (Bob) MacDougall||Member||Chair|
|David R. Taylor
President & CEO
|Paul D. Wright||Member||Chair|
Read more on the Board’s mandate