Management Credentials31 Dec 2019 18:30
Hi all TLW posters,
I’m new to posting on the boards but I do understand the wealth of information which can be found from the share chats so here goes as a poster instead of just a reader!
I have a couple of queries which I am hoping someone might be able to answer or point me in the direction of relevant sources of information to get answers– Tullow’s website has not been helpful to my curiosity!
After looking on the Tullow website to establish who is in charge of our investments, their skills and Executive responsibilities I cannot understand why, according to Tullow's website, the CFO does not sit on the Audit Committee. In my experience CFOs almost always sit on an Audit Committee. According to the TOR of the Audit committee ‘the main responsibilities of the Audit Committee include monitoring the integrity of the Group's financial statements and announcements on financial performance, overseeing the relationship with the external auditors and reviewing significant financial reporting and accounting policy issues.’ Is this not an integral part of his job so why is he not on the Committee?
With regards to Dorothy as Executive Chair until a new CEO is appointed (which could be a while) – are we likely to get home from Oz safely by clicking our ‘red drilling and exploration shoes’ or are we going to be a permanent resident of Oz forever wondering if there will ever be a way home!?