Elected annually by shareholders at our Annual Shareholders’ Meeting, our Board of Directors oversees the management of our business with a view to maximizing shareholder value. They are also responsible for appointing a competent leadership team, and enforce our rigorous corporate governance structure to ensure that we conduct ourselves in an ethical and legal manner.
The Board of Directors and its committees continually evaluate and enhance Encana’s corporate governance practices by monitoring Canadian and U.S. regulatory developments affecting corporate governance, accountability and transparency of public corporation disclosure.
The Board of Directors regularly evaluates its own effectiveness, as well as that of its committees and members. As part of this process, the Chairman of the Nominating and Corporate Governance (NCG) Committee (PDF) meets periodically with each director. To assist the Chairman in his review, each director completes an anonymous effectiveness questionnaire annually as well as periodic self and peer evaluations.
The NCG Committee assesses the adequacy of the information given to directors, communication between the board and management and the processes of the board and its committees. The NCG Committee recommends any changes that would enhance the performance of the board based on its assessments.