Tullow Oil plc Annual Report 2011 - The Group

Executive team. In 2012, Tullow plans to host a Capital MarketsDay in the second half of the year to increase the understandingand knowledge of certain parts of the Group’s business.In December 2011, the Group commenced a review of itscorporate brokers. Following submissions from eight banks,Barclays Capital and Morgan Stanley in London were appointedas joint corporate brokers with Davy retaining their role ascorporate brokers in Dublin.On the 27 July 2011, Tullow shares commenced trading on theGhana Stock Exchange (GSE). The Group placed over 3.5 millionshares on the GSE following the announcement of the Group’sintention to list on the GSE in June and a successful marketingtrip by the Group’s CEO who meet with a number of largeGhanaian institutional investors. Tullow now has over 10,000Ghanaian shareholders and in early May 2012, it is planned tohold the first Investor Forum in Accra.The Group issues its results and other news releases via theLondon Stock Exchange’s Regulatory News Service. These arepublished on the Media and Investor Relations sections of theGroup’s website: www.tullowoil.com. Regular updates inrelation to the Group and the status of exploration anddevelopment programmes are also included on the website andvia social media service Twitter: www.twitter.com/TullowOilplc.Shareholders and other interested parties can subscribe toreceive these news updates by email by registering online onthe website. The corporate website has additional functionalityroutinely rolled out across the site to enhance the Group’scommunication with all stakeholders. Over 500,000 visits and2.5 million page views were made during 2011 along withsignificant followers on the Group’s corporate Twitter,Facebook, YouTube and LinkedIn accounts.The Chairman is available to meet institutional shareholdersto discuss any issues and address any concerns in relation tothe Group’s governance and strategy. The new Chairman hasalready held meetings with a number of UK-based investors.Non-executive Directors have the opportunity to attendmeetings with major shareholders and are available to attendif requested to do so. Meetings are also held with the corporategovernance representatives of institutional investors whenrequested. Tullow met several Socially Responsible Investing(SRI) fund managers upon request in 2011 and completed afour-day SRI roadshow in London, Edinburgh, Paris, Geneva andBasle in November 2011. The Group Environmental, Health andSafety, External Relations and Investor Relations Managers met16 institutional investors to discuss a number of topicsincluding health and safety, the environment, corporategovernance, bribery and corruption, country and political riskand operational matters. The 2010 Corporate ResponsibilityReport was issued in June 2011 and was also made availablein full HTML format on the corporate website.Constructive use of the AGMAt the AGM, a business presentation is provided for thebenefit of shareholders and individual shareholders are giventhe opportunity to put questions to the Chairman, the chairmenof the Audit, Nominations and Remuneration Committees andto other members of the Board. In addition, the Board iscommitted to maintaining strong links with its significant Irishshareholder base and holds a business presentation in Dublinfollowing the AGM, to allow these shareholders similar accessto the Company. All resolutions at the 2011 AGM were voted onby way of a poll with the final results, which included all votescast for against and those withheld, announced via the LondonStock Exchange as soon as practicable after the meeting.The announcement is also made on the Company’s corporatewebsite. Notice of the AGM is sent to shareholders at least20 working days before the meeting.On behalf of the BoardSimon R ThompsonChairman13 March 20124CORPORATE GOVERNANCE105www.tullowoil.com