Who we are A Lundin Group Company International Petroleum Corp. (IPC) is an international oil and gas exploration and production company with a high quality portfolio of assets located in Canada, Malaysia and France, providing a solid foundation for organic and inorganic growth. IPC is a member of the Lundin Group of Companies. IPC is incorporated in Canada and IPC’s shares are listed on the Toronto Stock Exchange (TSX) and the Nasdaq Stockholm under the symbol “IPCO”. 1 2 3 4 5 6 7 8 9 10 11 12 Strategy IPC’s strategy is twofold. Firstly it is to invest organically in the assets in Canada, Malaysia and France, ensuring that the full resource and value potential of these assets can be realised. Secondly, we seek to acquire assets with reserves and resources in the production and / or development stage. Our geographical focus is not limited, which has been the recipe for success within all the Lundin Group companies. Vision & Values We are an entrepreneurial value-driven team bringing energy to the world in a sustainable way We focus on what we do best and how we can continually improve. We build on our core strengths as an entrepreneurial energy company while establishing a collaborative culture of enthusiastic and skilled people. We are a safe and environmentally-responsible operator with high integrity standards. We achieve disciplined growth through maximizing the value of our assets and ambitiously acquiring new ones. IPC operates in a positive culture that encourages creative thinking and innovation, driving how we make decisions and where we focus our talent. We foster a culture of respect, diversity and inclusion recognizing that employees are integral to the success of our company. We are active in engaging with our stakeholders to build trust and confidence in how IPC contributes to sustainable economic development in the world. To achieve our Vision, we have identified 3 core IPC values, as well as the behaviors and actions that will help bring them to life on a daily basis. Related documents IPC Vision & Values in Action 17.09.2021, 2.4 MB History The Lundin family have been involved in oil exploration and production for forty years. International Petroleum Corporation (IPC) can trace its roots back to the 1980’s when Adolf Lundin created the original IPC, operating in countries such as Oman, UAE, Vietnam, Malaysia and Libya to name a few. The following history gives an overview of how the current IPC was born and the key events that have occurred more recently. 1980's 1990's 2000's 2017 2018 2019 2020 Corporate governance Board of Directors The Board of Directors (the “Board”) is primarily responsible for supervising the management of the Corporation’s business and affairs. Its authority is determined by the provisions of the British Columbia Business Corporations Act and by the Corporation’s articles. In addition, the Board’s activities are governed by a set of procedural rules which are adopted by the Board. The Board regularly reviews its guidelines and policies and, considers how its corporate governance practices align with guidelines established by the Canadian regulatory authorities having authority, including the Toronto Stock Exchange and the Nasdaq Stockholm. The Board meets as required to conduct its business, which includes the approval of the quarterly and annual audited consolidated financial statements of the Corporation. The Board’s Chair is responsible for the management, development and effective performance of the Board, for monitoring the Corporation’s development through regular contact with the President and CEO, and for ensuring that the Board regularly receives reports concerning the development of the Company’s business and operations, including progress in respect of profits, liquidity and other significant matters. Board Committees Audit Committee: C. Ashley Heppenstall (Chair), Donald K. Charter and Chris Bruijnzeels. Nominating and Corporate Governance Committee: Donald K. Charter (Chair), Chris Bruijnzeels and C. Ashley Heppenstall. Compensation Committee: Donald K. Charter (Chair), Emily Moore and Torstein Sanness Reserves and Sustainability Committee: Chris Bruijnzeels (Chair), Emily Moore and Lukas H. (Harry) Lundin. Audit Committee The Audit Committee consists of three Board members, each of whom is independent and financially literate. The Audit Committee reviews and reports to the Board on the integrity of the consolidated financial statements of the Company. The Audit Committee ensures the Company has designed and implemented effective internal financial controls and reviews the compliance with regulatory and statutory requirements as they related to the financial statements, taxation matters and disclosure of material facts. Nominating and Corporate Governance Committee This Committee is comprised of three non-executive Board members and assists the Board in identifying qualified individuals for Board membership, develops and implements corporate governance guidelines, and reports annually to the Corporation’s shareholders on the Corporation’s system of corporate governance. Compensation Committee The Compensation Committee is comprised of three independent members of the Board. The Compensation Committee is responsible for administering the Corporation’s executive compensation program and implements and oversees and compensation policies approved by the Board. Reserves and Sustainability Committee The Reserves and Sustainability Committee is comprised of a majority of independent directors. The Reserves and Sustainability Committee has the responsibility in general for developing the Company’s approach to the reporting of oil and gas reserves and other oil and gas information. The Reserves and Sustainability Committee is also responsible for the oversight of sustainability strategies to address related risks and opportunities, including health, safety, environment (HSE) and climate related matters. Corporate governance documents Audit Committee Mandate 30.03.2021, 290.94 KB Business Corporations Act Articles 15.03.2018, 611.08 KB Board of Directors Mandate 30.03.2021, 148.61 KB Code of Ethics and Business Conduct 28.06.2017, 45.81 KB Compensation Committee Mandate 30.03.2021, 44.29 KB Nominating and Corporate Governance Committee Mandate 30.03.2021, 45.39 KB Positions Descriptions of Board Chair, Board Committee Chairs, Lead Director and CEO 30.03.2021, 526.33 KB Reserves and Sustainability Committee Mandate 30.03.2021, 65 KB Policies Anti-Corruption Policy 19.12.2019, 152.41 KB Anti-Fraud Policy 19.12.2019, 155.18 KB Anti-Money Laundering Policy 19.12.2019, 154.14 KB Diversity Policy 30.03.2021, 111.71 KB Environmental Policy 19.12.2019, 46.51 KB Health & Safety Policy 19.12.2019, 45.88 KB Human Rights Policy 19.12.2019, 44.81 KB Majority Voting Policy 15.03.2018, 37.71 KB Security Policy 19.12.2019, 46.11 KB Stakeholder Relations Policy 19.12.2019, 44.97 KB Sustainability Policy 19.12.2019, 50.25 KB Whistleblowing Policy and Procedure 10.10.2019, 394.71 KB Board of directors The Board of Directors oversees the Company’s strategic, business and capital planning, risk management and verification of controls, human resources management including the integrity of senior management, corporate governance, and communications, including with shareholders. Board members meet regularly to review and discuss risk factors of the Company and the effective management of them. C. Ashley Heppenstall Mike Nicholson Donald K. Charter Chris Bruijnzeels Torstein Sanness L.H. (Harry) Lundin Emily Moore Senior management Senior management works closely together in respect of commercial, technical, HSE, financial and legal issues with the aim of delivering responsible growth and long-term shareholder value Mike Nicholson Christophe Nerguararian William Lundin Jeffrey Fountain Rebecca Gordon Chris Hogue Ryan Adair Corporate directory Officers: Mike Nicholson, Chief Executive Officer & Director Christophe Nerguararian, Chief Financial Officer William Lundin, Chief Operating Officer Jeffrey Fountain, General Counsel and Corporate Secretary Rebecca Gordon, Vice President Corporate Planning and Investor Relations Chris Hogue, Senior Vice President Canada Ryan Adair, Vice President Asset Management and Corporate Planning, IPC Canada Directors: C. Ashley Heppenstall, Chairman Chris Bruijnzeels Donald K. Charter Harry Lundin Emily Moore Mike Nicholson Torstein Sanness Auditors: PricewaterhouseCoopers SA Address: Geneva, Switzerland Registrar and Transfer Agent: Computershare Trust Company of Canada Email: service@computershare.com Address: Toronto, ON Canada Share Listings: Toronto Stock Exchange (“IPCO”) Nasdaq Stockholm (“IPCO”) Corporate Office: International Petroleum Corp. Address: Suite 2000 885 West Georgia Street Vancouver, BC V6C 3E8, Canada Tel +1 604 689 7842 E-mail info@international-petroleum.com Operations Office: International Petroleum SA Address: 5 chemin de la Pallanterie 1222 Vésenaz Switzerland Tel +41 22 595 10 50 Investor Relations : Rebecca Gordon Tel:+41 22 595 10 50 E-mail rebecca.gordon@international-petroleum.com Robert Eriksson Tel: +46 701 11 26 15 E-mail reriksson@rive6.ch Sophia Shane Tel: +1 604 689 7842 E-mail sophias@namdo.com · Contact us · Privacy Notice · Legal Notice © 2021 Lundin Group of Companies By continuing to browse the site, you are agreeing to our use of cookies. See Privacy notice and Settings OK Go to Top