Ensuring that Board members understand Encana, the industry and the regulatory environment is critical to ensuring that Board members are effective in their role as stewards of the Corporation.
The Nominating and Corporate Governance Committee (PDF) is responsible for and has implemented procedures to orient and educate new Board members concerning their role and responsibilities and for the continued development of existing Board members.
Through our formal and comprehensive orientation program, new directors are provided with opportunities to meet with senior management to discuss key operational, financial, legal, and environmental topics specific to Encana's business and operations and have the opportunity to visit some of Encana's major producing properties and areas of operations.
New directors receive a detailed information package containing Encana's strategic plan, directors' information handbook, recently issued disclosure materials, Encana's Corporate Constitution and independent third party peer comparison information and are encouraged to conduct his/her own due diligence through independent meetings with the Chairman of the Board, President & CEO, or other directors.
We provide continuing education opportunities for all directors to enhance their skills and to ensure each has a current understanding of Encana's business environment. In 2012, Encana provided directors with the following opportunities:
In 2012, directors visited our British Columbia operations to receive an overview of the planned Kitimat liquefied natural gas ("LNG") export terminal and the associated natural gas pipeline by touring the Bish Cove Kitimat LNG site, the Port of Kitimat, the Douglas Channel LNG tanker route and the pipeline route.
During the 2012 Board Strategy session, directors heard from the following third party experts that discussed matters important to Encana's strategic plan:
In addition to these specific events and other ongoing internal continuing education programs, directors are encouraged to attend external educational programs to assist in their development as a director. All such external programs are approved by the Chairman of the Board: