Corporate Governance & Policies

Nostrum attaches high priority to good practice in corporate governance, the system by which the Group is directed, managed and controlled in the interests of all its stakeholders.

The ordinary shares of Nostrum Oil & Gas PLC are admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange plc’s main market for listed securities. As a result, the company issues a disclosure statement concerning its application of the principles of, and compliance with the provisions of, the UK Corporate Governance Code (the “Code"). The Code sets out standards of good practice in relation to issues such as board composition and development, remuneration, accountability and audit and relations with shareholders.

Pursuant to the Code, the company's Board of Directors (the “Board”) has adopted and published a formal schedule of matters specifically reserved for its decision and includes in the company's annual report a high level statement of which decisions are to be taken by the Board and which may be delegated to management. The company also includes a statement in its annual report as to whether it has complied with the Code, or to the extent that it has not done so explains any divergences from the Code's recommendations (the “comply or explain” principle).

The company complies with all of the provisions of the Code, with the following exceptions:

E.2.3 All directors did not attend the 2017 Annual General Meeting, however those directors who did not attend were available by teleconference to answer questions from shareholders.

Articles of Association

Schedule of Matters Reserved for the Board

Corporate Policies

Group Code of Conduct

Group Anti - Corruption and Bribery Policy

Group Whistle - Blowing Policy