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Nexen maintains a skills matrix that sets out the various areas of expertise determined to be essential to ensure appropriate strategic direction and oversight. Each director indicates his or her level of expertise in each area according to:
  1. no or limited application;
  2. basic application;
  3. skilled application – significant operational experience in the area, but not at a senior executive level; and
  4. expert application – senior executive experience in the area from a function, role and knowledge perspective.

The areas of expertise set out in the directors’ biographies are those areas in which they are most skilled.


 
 
 
Skill / Experience Description		 Number of Directors with Skilled or Expert Application
Managing / Leading Growth – Senior executive experience driving strategic insight and direction to encourage innovation and conceptualize key trends to continuously challenge the organization to sharpen its vision while achieving significant organic growth. 12
International – Senior executive experience working in a global organization where Nexen is or may be active. Has a thorough understanding of different cultural, political and regulatory requirements. 9
CEO / Senior Officer – Experience working as a CEO or senior officer for a major organization with international operations. 10
Exploration – Experience as a senior executive or top functional authority leading an exploration department in a major upstream or integrated exploration and production company. May have formal education in geology, geophysics or engineering. 5
Compensation – Senior executive experience or board compensation committee participation with a thorough understanding of compensation, benefit and pension programs, legislation and agreements. This includes specific expertise in executive compensation programs including base pay, incentives, equity and perquisites. 10
Oil and Gas – Senior executive experience in the oil and gas industry combined with a strong knowledge of Nexen’s strategy, markets, competitors, financials, operational issues, regulatory concerns and technology. 6
Governance / Board – Prior or current experience as a board member of a major Canadian organization (public, private or non-profit sectors) with international operations. 10
Financial Acumen – Senior executive experience in financial accounting and reporting, and corporate finance, especially with respect to debt and equity markets. Familiarity with internal financial controls. 9
Health, Safety, Environment & Social Responsibility (HSE & SR) – Thorough understanding of industry regulations and public policy related to workplace health, safety, environment and social responsibility. May have had an active leadership role in the shaping of public policy in Canada and abroad. Demonstrated commitment to Nexen’s HSE & SR values. 9
Diversity - Contributes to the board in a way that enhances perspectives through diversity in gender, ethnic background, geographic origin, experience (industry and public, private and non.profit sectors), etc. 8
Marketing Expertise – Senior executive experience in the energy marketing industry combined with a strong knowledge of Nexen’s strategy, markets, competitors, financials, operational issues and regulatory concerns. 5


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