The Rockhopper board comprises ten directors; a non-executive chairman, three executive directors and six non-executive directors, one of whom acts as senior independent director. Five of the non-executive directors are considered to be independent. Recent Board changes include the appointment of two new non-executive directors, Tim Bushell and John Martin, following completion of the merger with Falkland Oil and Gas Limited. The non-executive directors have a range of technical, financial, legal and operational experience which is relevant to the management of the company.
The board is responsible to shareholders for the creation and protection of shareholder value. The board retains full and effective control over the company and it has a schedule of matters reserved for its approval covering strategy, key financial and compliance matters, significant operational and management matters including HSE. There are clearly defined lines of responsibility and executive management has a number of financial and operational responsibilities delegated to it.