Premier Oil Overseas BV - Strawinskylaan 3127

Good governance provides a framework that allows the right decisions to be taken by the right people at the right time. It ensures there is accountability and oversight of decision-making throughout our organisation.

Our governance goes beyond regulatory compliance and puts the interests of all our stakeholders at the heart of the Board's decision making.

The role of the Board

The Board is collectively responsible for the governance of the Company on behalf of Harbour Energy’s shareholders and is accountable to them for the long-term success of the Group.

The Board governs the Group in accordance with the authority set out in the Company’s Articles of Association and in compliance with the 2018 UK Corporate Governance Code (a copy of the Code can be accessed at frc.org.uk).

How the Board operates

The Board has a structured agenda for the year ensuring all relevant matters are considered, with sufficient time allowed for discussion. The programme is structured to include: strategic issues (both setting the strategy and reviewing its execution); corporate targets and budget approval; HSES and risk; internal controls and risk management; corporate responsibility; financing; investor relations; corporate reporting; Board Committee related activity, including matters requiring Board sanction; and other corporate governance matters. The Board meets at least six times each year and, in addition, an update conference call is held in January. Ad hoc Board meetings are held if necessary to deal with specific matters requiring Board consideration. The agenda for each Board meeting is set by the Chairman in consultation with the Chief Executive Officer and the Company Secretary based on an annual programme, with any additional matters included as and when they arise.

View our formal schedule of matters reserved for the Board.