Capital Drilling

We have adopted a number of policies to underpin our governance systems and these are regularly reviewed by the Board of Directors.

Overall responsibility for the governance of Capital Drilling Limited lies with the Board and as a premium listed company on the London Stock Exchange, we are required to comply with the September 2014 edition of the UK Corporate Governance Code issued by the Financial Reporting Council (available at www.frc.org.uk).

Board of Directors

The role of the Board is to provide leadership to the Group and set the Group’s values and standards to ensure that its obligations to its shareholders are met and the Group complies with both regulatory and governance requirements.

The Board guides and monitors the business and affairs of the Company on behalf of the shareholders by whom they are elected and to whom they are accountable.

In carrying out its responsibilities, the Board undertakes to serve the interests of shareholders, employees, and the broader community honestly, fairly, diligently and in accordance with applicable laws.

Members of the Board include:

Chairman
Jamie Boyton

Chief Executive Officer
Mark Parsons

Executive Director
Brian Rudd

Senior Independent Non-Executive Director
Tim Read

Independent Non-Executive Director
Alex Davidson

Non-Executive Director
Craig Burton


Audit and Risk Committee

The Audit & Risk Committee is a Committee of the Board of Directors, with its primary function to assist the Board in its ongoing obligations with regard to external and internal audits, financial policies, financial reporting and other compliance related obligations.

Members are appointed by the Board from amongst the Non-Executive Directors on the recommendation of the Nomination Committee in consultation with the Chairman of the Committee. The Committee shall consist of not fewer than three Members, a majority of whom must be Independent Non- Executive Directors.

Members of the Committee include:

Chairman
Tim Read

Member
Craig Burton

Member
Alex Davidson



Nomination Committee

The Nomination Committee is a Committee of the Board of Directors with its primary function to make recommendations to the board on the structure, size and composition of the Board and Board Committees, succession planning and the appointment, re-election and removal of Directors.

Members are appointed by the Board on the recommendation of the Nomination Committee in consultation with the Chairman of Committee. The Committee shall comprise a Chairman and at least two other Members.

Members of the Committee include:

Chairman
Craig Burton

Member
Tim Read

Member
Alex Davidson


Remuneration Committee

The Remuneration Committee is a Committee of the Board of Directors with its primary function to determine and recommend to the Board the framework for the remuneration of the Chief Executive Officer, the Chairman of the Board, the Executive Directors, and other such Members of executive management as it is designated to consider.

Members are appointed by the Board on the recommendation of the Nomination Committee in consultation with the Chairman of the Remuneration Committee. The Committee shall comprise a Chairman and at least two other Members.

Members of the Committee include:

Chairman
Craig Burton

Member
Tim Read

Member
Alex Davidson


Health, Safety, Social & Environment Committee

The HSSE Committee is a voluntary Committee of the Board of Directors and Members of Management with its primary function to assist the Board in obtaining assurance that appropriate systems are in place to deal with the management of health, safety, social and environment risks.

Members of the Committee shall be appointed by the Board on the recommendation of the Nomination Committee and shall be made up of at least three Members, including at least one Director.

Members of the Committee include:

Chairman
Alex Davidson

Member
Brian Rudd

Non-Director Member – Group General Manager – Risk and Human Resources
Graham Almond