Nexen is the first recipient of the Governance Gavel Award for Excellence in Director Disclosure from the Canadian Coalition for Good Governance (CCGG). The award recognizes the quality and detail of information we provide our investors about our Board.

CCGG is made up of 45 of the country’s most powerful institutional investors, whose assets under management total some $810 billion. Members interests are represented through promotion of best corporate governance practices and encouraging alignment of the interests of boards and management with those of the shareholder. Transparency is so vital in this area that one of CCGG’s twelve “Guidelines for Building High Performance Boards” is to report governance policies and initiatives to shareholders.

John McWilliams, Nexen’s Senior Vice President, General Counsel and Secretary couldn’t agree more. Transparency and disclosure are fundamental to good governance. “For us, it’s a reflection on the integrity of Nexen and our employees as a whole as to how we conduct business. From the Board on down, Nexen is committed to best-in-class practices in governance. Therefore, it is great to be recognized for our good work.”

Charlie Fischer, President and Chief Executive Officer, congratulated the Governance Office for their efforts to continually improve public disclosure. “It just makes sense for us to tell our investors all about our governance practices. Investor confidence is the biggest reward for our efforts, that’s what makes this award from CCGG so important.”

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