Orientation and Continuing Education

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.

Director Orientation

The Nominating and Corporate Governance Committee (PDF) is responsible for the orientation of new directors and continued education of our existing Board members. Our director orientation program provides new directors with detailed background information on Encana, the role and expectations of the Board and its Committees, our strategy, operations and assets, as well as annual and quarterly financial information. Directors receive access to Board orientation resource material via our online Board portal, including a director information handbook, and information regarding the organization and its policies, guidelines and governance practices.

Directors, including new Board members, regularly are provided an opportunity to interact with management to discuss key operational, financial and industry matters regarding our business. New directors are encouraged to meet independently with the Chairman of the Board, other directors or our CEO to discuss matters regarding Encana or its business. Board and Committee meetings are held in our offices in both Calgary and Denver. Directors also participate in field tours of the operations of our core asset areas.

Continuing Education

Continuing education enables directors to enhance their understanding of our business and remain current regarding issues or governance matters which may impact Encana. Board materials are provided to directors in advance of regularly scheduled meetings and include pre-reading and background analysis. The Board also receives regular updates on emerging regulatory and governance matters from management at Board and Committee meetings.

Encana also supports continuing director education through paid subscriptions for Board members to leading national director education associations in the U.S. and Canada. Directors receive access to continuing education resources and attend conferences, seminars and webinars on Board governance and related industry matters. Examples of such continuing education, including sessions attended by our directors and hosted by Encana in 2015, include:

  • Global markets overview and discussion facilitated by external speaker at annual Board strategy session
  • Corporate membership and access to continuing director education resources through Institute of Corporate Directors (Canada) and National Association of Corporate Directors (U.S.)
  • Board site visit to our Eagle Ford operations in South Texas to review our operations, EH&S initiatives and meet with management, operations and field personnel
  • Quarterly updates on Encana’s operations, including supply chain management initiatives
  • Quarterly overviews of risks, including formal enterprise risk management report
  • Quarterly overviews of market fundamentals, including analyses of commodity prices and basis differential projections, and potential impacts
  • Regular attendance of Audit Committee meetings by all directors for in-depth discussions on Encana’s accounting and financial reporting processes, financial statements and system of internal controls regarding accounting and financial reporting and accounting compliance
  • Attendance at Human Resources and Compensation Committee meetings by all directors to review executive compensation matters
  • Regular attendance of Reserves Committee meetings by all directors interested in in-depth discussions on reserves

ECA stock price

TSX $16.85 Can -0.140

NYSE $12.69 USD -0.060

As of 2016-12-02 16:00. Minimum 15 minute delay