Company Name: Touchstone Exploration Inc.
Job Title (Vacancy): Board Member
Duties and responsibilities: About the Company:
Touchstone Exploration Inc. (“Touchstone” or the “Company”) is a publicly traded company list on both the Toronto Stock Exchange and the AIM in London, UK. Touchstone is a Canadian-based, international, upstream oil and gas company currently active in the Republic of Trinidad and Tobago. It is one of the largest independent onshore oil producers in Trinidad, with a track record of delivering value to shareholders.
The Opportunity:
Touchstone is currently recruiting a director to join Touchstone’s Board of Directors (the “Board”). The fundamental responsibilities of our Board are to appoint and oversee a competent executive team to manage the business of the Corporation, with a view to maximize shareholder value, identify and understand the risks associated with the business of the Company, and ensure corporate conduct in an ethical and legal manner via an appropriate system of corporate governance, disclosure processes and internal controls. The following are the key guidelines governing how our Board operates to carry out its duties.
• Appoint the executive team, set executive goals/targets, then evaluate their performance, and have input on succession planning.
• Review and adopt a strategic planning process and approve the Company’s strategic plan, which considers, among other things, the opportunities and risks of the business and the environmental, social and governance aspects of the business.
• Ensure that a system is in place to identify the principal risks to the Company and that the best practical procedures are in place to monitor and mitigate the risks.
• Ensure that processes are in place to address applicable regulatory, corporate, securities and other compliance matters.
• Ensure that an adequate system of internal control exists.
• Ensure that due diligence processes and appropriate controls are in place with respect to applicable certification requirements regarding financial and other disclosure.
• Review and approve the operating budget, capital budget, and financial statements, which includes overseeing the Company’s compliance with applicable audit, accounting and reporting requirements.
• Approve annual operating and capital budgets.
• Review and consider for approval all amendments or departures proposed by management from established strategy, capital and operating budgets or matters of policy which diverge from the ordinary course of business.
• Review operating and financial performance results relative to established strategy, budgets, and objectives.
• Approve a communications policy or policies to ensure that a system for corporate communications to all stakeholders exists, including processes for consistent, transparent, regular, and timely public disclosure, and to facilitate feedback from stakeholders.
• Approve a Code of Conduct for directors, officers, employees, contractors and consultants and monitor compliance with the Code and approve any waivers of the Code for officers and directors.
• Engage in the process of determining Board member qualifications, including ensuring
that a majority of directors qualify as independent directors.
Expectations:
The ideal candidate will bring a strong depth of knowledge in one or more of the areas in which the Board has identified potential for incremental strengthening. The ideal candidate will be required to participate in quarterly board meetings, plus additional meetings as required. The ideal candidate will be willing to travel to Canada, the United Kingdom and Trinidad and Tobago.
Desired qualifications: Experience preferred in one or more of the following areas:
• People and Culture
• Cyber security and risk management
• Corporate Governance
• Government relations
Location
This will be a remote position with the expectation to be that the ideal candidate will be able to join in-person for at least one Board meeting per year.
This Job is : Part Time
Contact Name : Stacey Gundersen
Deadline for Submission: April 11, 2022
Email address where applications should be sent: sgundersen@touchstoneexploration.com