The Company’s approach to Corporate Governance is compliant with Toronto Stock Exchange ("TSX") and New York Stock Exchange ("NYSE") requirements.
However, as a Canadian corporation listed on the NYSE, Bellatrix is not required to comply with most of the NYSE corporate governance standards, so long as it complies with Canadian and TSX corporate governance requirements. In order to claim such an exemption, Bellatrix must disclose the significant differences between its corporate governance practices and those required to be followed by U.S. domestic companies under the NYSE corporate governance standards. Although Bellatrix is compliant with the most of the NYSE corporate governance standards required to be followed by U.S. domestic companies, there are some differences between its corporate governance practices and those required to be followed by U.S. domestic companies under the NYSE corporate governance standards. Please click on the link below for a summary of those differences.
Board has assumed responsibility for the stewardship of the Company, including:
The Bellatrix Board of Directors is comprised of nine members, only one of whom, Brent A. Eshleman, is a member of management, and is therefore considered not independent. The other eight directors are considered independent for the purposes of National Instrument 58-101 – Disclosure of Corporate Governance Practices and the rules of the NYSE. The Company has appointed Mr. W.C. (Mickey) Dunn as Chairman of the Board. While W. C. (Mickey) Dunn is the Chairman of the Board, he is not considered by the Board to be a part of management and thus is considered to be an independent director.