Kolibri Global Energy Inc. is focused on the continued development of existing properties and the pursuit of accretive acquisitions in oil, gas and clean and sustainable energy.
In conjunction with this strategic focus, Kolibri realizes the importance of possessing a management team and board of directors who understand the need to foster a culture of governance that protects the interests of our shareholders, employees, customers, suppliers and the community at large. To help promote and institutionalize such a culture, Kolibri promotes a well-defined code of conduct that sets the expectations for behavior for all those working in our operations in some capacity. We believe that this culture of governance is a key to sustainable growth.
Governance
CORPORATE GOVERNANCE
Good corporate governance is about establishing a system of structuring, operating, and controlling our business to achieve long term strategic goals and protect the interests of our primary stakeholders including shareholders, employees, customers and suppliers, and the community at large.
MANAGEMENT TEAM
Mr. Regener brings over 33 years of management as well as conventional and unconventional E&P experience to Kolibri Global Energy Inc.
In his role as Executive Vice President of Bankers Petroleum Ltd., and President of its wholly-owned U.S. subsidiary, Mr. Regener was instrumental in the formation of BNK Petroleum Inc., and it's subsequent spin-off. His career also includes key senior executive positions with Tartan Energy, Alanmar Energy, and R&R Resources.
Wolf E. Regener
PRESIDENT & CEO
Gary W. Johnson
CHIEF FINANCIAL OFFICER &
VICE PRESIDENT
Mr. Johnson is a CPA and brings over 25 years of accounting and finance experience, 17 years in the energy industry, to the Company.
Steve Raunsbak
CONTROLLER
Mr. Raunsbak brings over 22 years of experience in accounting with 17 years in oil and gas accounting. Prior to joining the company, Mr. Raunsbak was the Assistant Controller for Venoco, Inc.
Greg Presley
SR ENGINEER
Mr. Presley brings over two decades of industry-related experience, holds numerous drill bit patents, and is recognized as an expert on good drilling practices. He has extensive engineering, drilling, completions and operations experience.
Allan Hemmy
SR GEOLOGIST
Mr. Hemmy has over 10 years of experience in oil & gas exploration and development, with extensive unconventionals experience in the evaluation of source rock reservoirs and other tight reservoirs.
BOARD OF DIRECTORS
D
CODE OF CONDUCT
Kolibri Global Energy Inc understands the importance of setting expectations for behavior for all those working in some capacity in our operations. Our stakeholders (employees, shareholders, corporate peers, and community members) expect and deserve the comfort that Kolibri has a clearly articulated code of conduct that applies to all those shaping the destiny of Kolibri and the environment in which it operates.
ADVANCE NOTICE POLICY
The Corporation is committed to: (i) facilitating an orderly and efficient process for holding annual general meetings and, when the need arises, special meetings of its shareholders; (ii) ensuring that all shareholders receive adequate advance notice of the director nominations and sufficient information regarding all director nominees; and (iii) allowing shareholders to register an informed vote for directors of the Corporation after having been afforded reasonable time for appropriate deliberation.
MAJORITY VOTING POLICY
The Board of Directors believes that each director should have the confidence and support of the shareholders of the Company. To this end, the Board of Directors has unanimously adopted this Majority Voting Policy and future nominees for election to the Board of Directors will be required to confirm that they will abide by this Majority Voting Policy.
STOCK OPTION PLAN
The Company hereby establishes a stock option plan for directors, officers, Employees, Management Company Employees and Consultants (as such terms are defined below) of the Company and its subsidiaries (collectively “Eligible Persons”), to be known as the “Stock Option Plan” (the “Plan”).
RESTRICTED SHARE UNIT PLAN
This Restricted Share Unit Plan has been established to provide a greater alignment of interests between Designated Participants and shareholders of the Company, and to provide a compensation mechanism for Designated Participants that appropriately reflects the responsibility, commitment and risk accompanying their roles.
ARTICLES
Pursuant to section 42(2)(a)(iv) of the British Columbia Business Corporations Act, the following is an extract from the minutes of the annual general meeting of the
shareholders' of the Company held on June 19, 2018, which extract is to be attached to the Articles of the Company as effected on July 16, 2018.
MAJORITY VOTING POLICY
The Board of Directors believes that each director should have the confidence and support of the shareholders of the Company. To this end, the Board of Directors has unanimously adopted this Majority Voting Policy and future nominees for election to the Board of Directors will be required to confirm that they will abide by this Majority Voting Policy
RESTRICTED SHARE UNIT PLAN
This Restricted Share Unit Plan has been established to provide a greater alignment of interests between Designated Participants and shareholders of the Company, and to provide a compensation mechanism for Designated Participants that appropriately reflects the responsibility, commitment and risk accompanying their roles. The Plan is also intended to assist the Company to attract, retain and motivate Designated Participants with experience and ability, and to allow Designated Participants to participate in the success of the Company.
