Our Governance guidelines were modified in 2014 to provide for an independent Chairman of the Board following the tenure of our current Chairman and CEO, whose employment agreement provides he will serve in both roles. Until such time, the board considers the current combination of the chairmanship with an experienced, independent lead director an effective structure for the company. The board’s current view is that this synthesis coupled with a predominantly independent board and a proactive, independent lead director, promotes a candid discourse and responsible corporate governance.
Enterprise Risk Management
Nabors Enterprise Risk Management Committee (ERMC) considers a broad and complex set of risks. along with those that are commonly associated with the industry.
We work diligently to communicate with our shareholders but it is just as important to hear from them. Shareholders provide valuable input and serve as our touchstone for concerns and potential issues.
The Audit Committee of the board, guided by a written Audit Committee Charter, monitors financial statements, the qualifications and independence of the independent auditor, the performance of auditors and company compliance of legal and regulatory requirements.
Nabors maintains cybersecurity strategies to prevent and address potential risk to the everyday operations and protect our environment and employees. Standing on the front lines of corporate security is our ever-vigilant IT team.
Code of Conduct
Nabors is committed to conducting business in a responsible, honest and ethical manner, thereby fostering a safe and productive work environment. We uphold this commitment to our shareholders, employees, customers, suppliers and the communities in which we operate.