Business
Changes to Board Committees
Changes to Board Committees.
About this update from Nostrum Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 7666T Nostrum Oil & Gas PLC 22 March 2019 \n\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION\n \n \nLondon, 22 March 2019\n \nChanges to Board Committees\n \n \nNostrum Oil & Gas PLC (LSE: NOG) (\"Nostrum\", or \"the Company\"), an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, today announces that on 21 March 2019 the Company's Board of Directors established a Health, Safety, Environment and Communities Committee of the Board as part of the Company's initiatives to further develop its sustainability practices across the Company and its operations and take further steps in its commitment to improve overall health, safety, environmental and social performance and better address important issues such as climate change and gender diversity.\n \nThe new committee will be chaired by independent non-executive director Kaat Van Hecke, and also includes CEO and director Kai-Uwe Kessel and independent non-executive director Martin Cocker. The HSEC Committee will work closely with Company management and will report on its activities to the full Board.\n \nAtul Gupta, Executive Chairman, commented: \"ESG performance has been and always will be central to how Nostrum operates as a business. This includes maintaining high standards of practice in these areas, with the health, safety and well-being of our employees, partners and the communities in which we operate being paramount. The newly-established HSEC Committee, headed by Kaat Van Hecke, will undoubtedly benefit from Kaat's deep experience and knowledge of the Company and the oil and gas sector. It will work in close collaboration with the Audit Committee and the Board and will primarily focus in 2019 on environmental and climate change related initiatives, as well as further improvement of Nostrum's health and safety practices.\"\n \nIn addition, the Board decided on 21 March that with effect immediately following the Company's annual general meeting of shareholders, Martin Cocker will replace Sir Christopher Codrington as chairman of the Audit Committee of the Boar...