Governance

The fundamental responsibilities of the Board of Directors of the Corporation are to:

  1. In conjunction with the President and Chief Executive Officer, appoint and oversee a competent executive team to manage the business of the Corporation, with a view to maximizing shareholder value;
  2. Identify and understand the risks associated with the business of the Corporation;
  3. Conduct reviews and audits of financial statements, reserves, executive compensation, and health, safety, and environment procedures on a regularly scheduled basis; and
  4. Ensure corporate conduct in an ethical and legal manner via an appropriate system of corporate governance, disclosure processes and internal controls.

Whistle Blower Policy

The Corporation is committed to maintaining the highest standards of honesty and accountability in its business activities and has a Whistleblower Policy that establishes procedures for employees to confidentially and anonymously submit any concerns regarding actions that may be considered ethically, morally, or legally questionable to the Chair of the Audit Committee without fear of retaliation.

Health, Safety & Environment

The Corporation has established procedures to guide its operations and is committed to ensuring the safety of our employees and contractors, protecting the environment, and ongoing compliance with government regulations and industry guidelines.

 

Business Conduct & Ethics

All directors, officers, employees, and consultants are responsible for applying our corporate standards of acceptable behavior and conduct, and compliance with laws, rules, and regulations required in all of our business activities.

Extractive Sector Transparency Measures Act

TORC Oil & Gas Ltd. is required to annually report under the Extractive Sector Transparency Measures Act (“ESTMA”) enacted by the Government of Canada.