Guiding principles of corporate governance
Since its creation in 2001, Lundin Energy has been guided by general principles of corporate governance, which form an integral part of Lundin Energy’s business model. Lundin Energy’s business is to explore for, develop and produce oil and gas. The Company aims to create value for its shareholders through exploration and organic growth, while operating in an economically, socially and environmentally responsible way for the benefit of all stakeholders. To achieve such sustainable value creation, Lundin Energy applies a governance structure that favours straightforward decision making processes, with easy access to relevant decision makers, while nonetheless providing the necessary checks and balances for the control of the activities, both operationally and financially. Lundin Energy’s principles of corporate governance seek to:
· Protect shareholder rights
· Provide a safe and rewarding working environment to all employees
· Ensure compliance with applicable laws and best industry practice
· Ensure activities are carried out competently and sustainably
· Sustain the well-being of local communities in areas of operation
As a Swedish public limited company listed on Nasdaq Stockholm, Lundin Energy is subject to the Rule Book for Issuers of Nasdaq Stockholm, which can be found on www.nasdaqomxnordic.com. In addition, the Company abides by principles of corporate governance found in a number of internal and external documents. Abiding to corporate governance principles builds trust in Lundin Energy, which results in increased shareholder value. By ensuring the business is conducted in a responsible manner, the corporate governance structure ultimately paves the way to increased efficiency.