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 Harbour’s long-term success.
The Board governs in accordance with the authority set out in the company’s Articles of Association and in compliance with the UK Corporate Governance Code 2024.
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 seven times each year. 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 Chair 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.
Schedule of matters reserved for the Board
