Governance Structure

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.

Our executive leadership shapes Ovintiv’s strategy, culture and values and reports to our Board. Through effective leadership, our CEO and executive vice presidents set clear expectations for operational conduct, determine annual corporate goals, drive innovation and guide our company culture. They have oversight of the teams that implement our ESG policies and programs.

Best Practices

Our governance practices are reviewed and refreshed regularly to ensure ongoing transparency and accountability with our stakeholders. They include:

  • Declassified Board with all directors elected annually
  • Independent Board chair
  • Committee chairs and committee members are all independent
  • Majority voting for directors in uncontested elections
  • Executive sessions held by independent directors at regular Board and committee meetings
  • Continuous Board education via regular engagement with experts on emerging technologies and trends
  • Direct engagement with investors including off-cycle and in season discussions between independent directors and shareholders
  • Annual evaluation of Board, committee and director performance
  • Individual director election (no slate voting)
  • No dual-class shares
  • Executive incentive compensation clawback policy
  • Business Code of Conduct and comprehensive ethics and compliance program
  • Stock ownership guidelines for executives and directors
  • No interlocking directorships with other reporting issuers
  • Prohibition on hedging or pledging
  • Rooney Rule for director search process (ensures inclusion of candidates of gender and racial/ethnic diversity)