The Science and Technology Committee shall advise the Board and management on matters involving the company's research and development programs, including:
The Committee shall be composed of not less than three non-employee directors, all of whom shall meet the New York Stock Exchange standards for director independence. The Committee members shall be appointed for one-year terms by the Board. The chairperson shall be designated by the Board.
The Committee shall appoint up to five independent members. They can be thought leaders in the associated science and technology disciplines, and at least some should be industry experts in geosciences or petroleum engineering applications.
The Committee shall meet at least two times per year and at such other times as it determines to be necessary or appropriate and shall report at the next board meeting following each such committee meeting. The Committee and its members are free to talk directly and independently with any members of management in discharging committee responsibilities. The chairperson may designate any officer or employee of the company for attendance at any committee meeting.
Executive Vice President, Technology
Vice President, Research
Vice President, EMS