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Corporate Governance

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GeoPark Limited is a Bermuda- incorporated company listed on the New York StockExchange (NYSE). Its legal and regulatory framework is governed by local law, NYSE regulations and the Securities and Exchange Commission (SEC), as well as the Sarbanes-Oxley Act (SOX), which establishes reporting, compliance and internal control guidelines.

We participate in one of the largest and most demanding capital markets in the world, which drives us to comply with the highest transparency and corporate governance standards.

Our Corporate Governance

comprises of:

Shareholders’ Meeting

The Annual General Meeting (AGM) of shareholders is our highest governing body. Its functions include:

01

Approving the appointment of the Company’s independent auditors to perform their functions until the next AGM.

02

Authorizing the Audit Committee to establish the independent auditors’ remuneration and to decide on any modifications to the Company’s Bylaws.

03

Electing or re-electing Board Members.

04

Removing Board Members.

05

Increasing, dividing, consolidating, subdividing, changing the monetary denomination and reducing or otherwise modifying its share capital.

Click here to see the detail of our shareholder structure.

Board of Directors

The mission of the Board is to define the Company’s strategic direction. Its responsibilities include overseeing and approving:

  • Strategic objectives.
  • Financial statements.
  • Risk control and management.
  • The Company’s work plan.
  • Core values.
  • Integrity and ethical standards.
  • Board and the Executive Team remuneration and succession plans.
  • The Company’s sustainability strategy.

The fundamental mandate of our Board of Directors is to maintain and continuously strengthen corporate governance structures and processes to meet Company objectives. To do this, it acts within the framework of Bylaws and Corporate Governance Guidelines, whereby it is responsible for establishing and monitoring the Company’s strategic goals.

Click here to see the composition of our Board of Directors to July 18, 2022

Committees

The Board of Directors has six (6) committees to advise in the fulfillment of its responsibilities and its mission. The committees define guidelines and recommendations for the proper implementation of resolutions. Each committee has procedural rules governing its operations and responsibilities:

  • Audit Committee.
  • Speed/Sustainability Committee.
  • Strategy and Risk Committee.
  • Compensation Committee.
  • Nomination and Corporate Governance Committee.
  • Technical Committee.

The SPEED/Sustainability Committee was created in 2022 to further strengthen the Company’s corporate governance by creating a forum in which sustainability issues are addressed at the highest level. This committee will enhance the strategy, approach and monitoring of ESG issues in the long term.

Click here to review the functions and responsibilities of each of our committees