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Board Committees & Charters

Governance, Compliance, & Risk Management Committee

The Governance, Compliance, and Risk Management Committee, is responsible for reviewing corporate governance practices and make recommendations to the Board of Directors. The committee identifies the Company’s principal business risks and assesses risk management; encourages adherence to, and continuous improvement of, the Company’s policies, procedures, and practices at all levels. Furthermore, the committee reviews and investigates all serious cases of employee misconduct, including without limitation allegations of sexual harassment, financial malfeasance and fraud, and serves as the final resolution body for all employment-related cases.

The Governance, Compliance, and Risk Management Committee, consisting of 6 members of the Board of Directors, meets at least 4 times a year with authority to convene additional meetings, as circumstances require.

Committee members

Finance and Audit Committee

FHN’s Finance and Audit Committee assists the Board of Directors in fulfilling its oversight responsibilities for the financial reporting process, the system of internal control and the audit process.

The Finance and Audit Committee, consisting of 6 members of the Board of Directors, meets at least 4 times a year with authority to convene additional meetings, as circumstances require.

Committee members

Technical Advisory Committee

The Technical Advisory Committee is responsible for assisting the Board of Directors in reviewing and overseeing all aspects of the Company’s petroleum operations, including work programmes, studies, exploration and development operations, work-overs and other interventions, as well as all HSE-related matters. The Committee’s remit is to ensure that all petroleum operations conducted on the Company’s assets are in line with best industry practices, conform with applicable regulations and international standards, and that such operations serve to further the accretion of value to the Company’s assets.

The Technical Advisory Committee, consisting of 5 members of the Board of Directors, meets at least 4 times a year with authority to convene additional meetings, as circumstances require.

Committee members

Human Resources/Remunerations Committee

The Human Resources/Remunerations Committee oversees the remuneration of officers, employees, and directors, as well as administering the Company’s remuneration and, if applicable, equity-based plans.

The committee, consisting of 5 members of the Board of Directors, meets at least 4 times a year with authority to convene additional meetings, as circumstances require.

Committee members

Health, Safety, Security, and Environment/Community Relations Committee

The Health, Safety, Security, and Environment (HSSE)/Community Relations Committee assists the Board of Directors in fulfilling its oversight responsibilities to the Company with regard to health, safety, security and the environment, and community relations.

The HSSE/Community Relations Committee consisting of 6 members of the Board of Directors, meets at least 4 times a year with authority to convene additional meetings, as circumstances require.

Committee members