Corporate governance is critical to conducting our business with the highest ethical standards. We prioritize stakeholder interests by maintaining transparency and integrity, proactively managing risk and ensuring compliance in every aspect of our operations. We have also woven our commitment to sustainability into our foundational values and have made driving ESG progress a key pillar in our business strategy.
Strong, diverse and engaged leadership guide Ovintiv’s performance with forward-looking vision. Our Board committee mandates assign strategic oversight of ESG factors and encourage purposeful decision-making and participation. Our employee compensation program is tied to ESG-related targets to further promote accountability across all levels of our organization.
- Broadened our Board diversity, adding three new directors
- Refreshed Board Committee mandates, including appointing three new committee chairs
- Ensured alignment to our ESG objectives by tying our methane reduction target to compensation
- Continued to take a leadership role in our trade organizations to advance ongoing initiatives to develop common industry ESG metrics and reporting standards
Ovintiv leadership executes our rigorous corporate governance structure, upholding our values of trust, integrity, respect, sustainability and safety. Our Board oversees the management of our business, helping to ensure appropriate governance and internal controls are in place for ethical corporate conduct.Read More
Our directors apply their significant business experience and judgment to make decisions in the best interest of Ovintiv stakeholders. We maintain a balanced, diverse Board committed to Ovintiv’s sustainable future. When identifying Board candidates, we consider skills, experience and diversity of thought so that many perspectives are represented in decision making.Read More
Our executive compensation program aligns pay with performance. Our compensation philosophy provides for a competitive base salary to attract strong talent, an annual bonus to align and motivate all employees around near-term company targets plus a long-term incentive plan that focuses executive management on strategic multi-year delivery and long-term value creation through share-based rewards.Read More
We conduct our business with integrity and in compliance with local laws and regulations in the areas where we operate.
We developed both a Business Code of Conduct and Supplier Code of Conduct to define clear expectations for our employees and business partners. The codes outline how we do business and engage with each other and the community. They also affirm our commitment to ethical business practices, sustainable operations and regulatory compliance.Read More
100% of Ovintiv employees signed our Business Code of Conduct in 2020.
Cyber threats are ever evolving, becoming more sophisticated in their tactics and techniques. We recognize the importance of continually improving our protections and effectively managing the risks associated with using digital technology across our business. By implementing cybersecurity standard requirements across our organization, we protect Ovintiv’s digital assets from security breaches that could negatively impact our business, reputation, team safety, compliance record or the environment.
Constructive public policy engagement is important to responsible corporate citizenship. We support trade associations, public policy organizations and academic research initiatives to inform public dialogue on issues impacting Ovintiv and the oil and natural gas industry.Read More