Talisman Energy Inc. About Us Operations Investors News Corporate Responsibility HSE Careers About Us :: Governance Responsibilities Talisman’s Board of Directors sees its principal role as stewardship of the company and its fundamental objective as the creation of shareholder value, including the protection and enhancement of the value of the company’s assets. The Board oversees the conduct of the business and management, which, in turn, is responsible for developing long-term strategy and conducting the company’s day-to-day business. The Board ensures systems are in place to manage the risks and, through the Chief Executive Officer, sets the attitude and disposition of the company toward environmental, health and safety policies, regulatory compliance and financial practices and reporting. In fulfilling its primary responsibilities, the Board ensures that the company has: established long-term goals and a strategic planning process; identified and has an understanding of the principal risks of the company’s business and implemented appropriate systems to monitor and manage those risks; established processes to manage and measure management, and in particular, the Chief Executive Officer's performance in achieving the company's stated objectives; established internal controls and management systems to effectively monitor the company’s operations and ensure compliance with applicable laws, regulations and policies; implemented processes to properly oversee company sponsored pension plans; and adopted a communications program for effectively communicating with and receiving feedback from shareholders, employees, government authorities, other stakeholders and the public. The Board is also required to: satisfy itself as to the business and professional integrity of the Chief Executive Officer and other executive officers, as well as the Chief Executive Officer and the executive officers’ creation of a culture of integrity through the company; develop the company’s approach to corporate governance, the review of which is led by the Governance and Nominating Committee of the Board; and monitor compliance with the company’s Policy on Business Conduct and Ethics. About Us Governance Board of Directors Board Committees Responsibilities of the Board Terms of Reference Compliance with Corporate Governance Practices Differences From NYSE Standards Policy On Business Conduct and Ethics Talisman Energy Inc. Suite 2000, 888 - 3 Street SW Calgary, Alberta Canada T2P 5C5 Tel: +403 237 1234 Fax: +403 237 1902 tlm@talisman-energy.com NEWS RELEASES Read our latest news release. ALERTS EVENTS FEEDBACK REQUEST INFORMATION © 2014 Talisman Energy Inc. Legal Notice - Privacy Statement - Americas/SEA Employee Portal Login