{"id":2486,"date":"2008-11-13T14:47:27","date_gmt":"2008-11-13T14:47:27","guid":{"rendered":"http:\/\/www.corporate-eye.com\/?p=2486"},"modified":"2008-11-13T10:48:01","modified_gmt":"2008-11-13T10:48:01","slug":"nexen-corporate-governance-done-right","status":"publish","type":"post","link":"https:\/\/www.corporate-eye.com\/main\/nexen-corporate-governance-done-right\/","title":{"rendered":"NEXEN &#8212; Corporate Governance Done Right"},"content":{"rendered":"<p style=\"center;\">I briefly mentioned <a href=\"http:\/\/www.nexeninc.com\">Nexen<\/a> in a previous post, but I thought it worth a more detailed look. Let&#8217;s look at their comprehensive <a href=\"http:\/\/www.nexeninc.com\/Governance\/landing.asp\" target=\"_blank\" rel=\"noopener\">Corporate Governance<\/a> site.<br \/>\n<a href=\"https:\/\/www.corporate-eye.com\/main\/wp-content\/uploads\/2008\/11\/nexinc.jpg\"><\/a><\/p>\n<p style=\"center;\"><a href=\"https:\/\/www.corporate-eye.com\/main\/wp-content\/uploads\/2008\/11\/nexinc.jpg\"><img decoding=\"async\" class=\"aligncenter lazyload\" data-src=\"https:\/\/www.corporate-eye.com\/main\/wp-content\/uploads\/2008\/11\/nexinc1.jpg\" alt=\"\" width=\"559\" height=\"422\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 559px; --smush-placeholder-aspect-ratio: 559\/422;\" \/><\/a><\/p>\n<p>You will see a few items of note &#8212;<\/p>\n<ul>\n<li>INTEGRITY. HONESTY TRANSPARENCY is boldly displayed. They get it that these are the key to good Corporate Governance and they explain how they execute what they say.<\/li>\n<li>All relevant documents are easily accessible.<\/li>\n<li>Board meeting documents are also clearly displayed and accessible.<\/li>\n<\/ul>\n<p>OK so far so good. Let&#8217;s take a closer look. The next navigation option is <a href=\"http:\/\/www.nexeninc.com\/Governance\/Integrity\/integrity.asp\" target=\"_blank\" rel=\"noopener\">Integrity<\/a>, click it and you see the CEO and the statement &#8212;<\/p>\n<blockquote><p>Integrity is not just a value at Nexen &#8211; it&#8217;s a way of life. Employees are educated to make ethical business decisions and are encouraged to ask questions about the integrity of a decision or course of action. Operating with integrity not only improves our reputation and helps our performance; we believe it&#8217;s the best way to successfully do business.<\/p><\/blockquote>\n<p>This is an excellent example of &#8220;tone at the top&#8221; being cascaded through the employee ranks. I find it noteworthy that the Code of Ethics is at the bottom of Integrity Navigation. Nexen first explains what it does to promote Integrity throughout the company.<\/p>\n<p>An interesting feature is that in the Integrity Resources section (upper right), there is a link to\u00a0<a href=\"http:\/\/www.nexeninc.com\/Governance\/Policies.asp\">Company Policies<\/a> to &#8220;help employees and stakeholders comply with our core values&#8221;. This takes you to what has to be one of the most comprehensive displays of a company&#8217;s guidance on a wide variety of issues.<\/p>\n<p>If you want a model of doing Corporate Governance right, look at Nexen. No wonder that they have received awards for effective Boards and Governance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I briefly mentioned Nexen in a previous post, but I thought it worth a more detailed look. Let&#8217;s look at their comprehensive Corporate Governance site. You will see a few items of note &#8212; INTEGRITY. HONESTY TRANSPARENCY is boldly displayed. They get it that these are the key to good Corporate Governance and they explain [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[9,29],"tags":[933,307,8252,934,144,935],"class_list":{"0":"post-2486","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-best-practices","7":"category-corporate-governance","8":"tag-benchmark","9":"tag-board-of-directors","10":"tag-corporate-governance","11":"tag-effective","12":"tag-integrity","13":"tag-nexen","14":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NEXEN - Corporate Governance Done Right - Corporate Eye<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.corporate-eye.com\/main\/nexen-corporate-governance-done-right\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NEXEN - Corporate Governance Done Right - Corporate Eye\" \/>\n<meta property=\"og:description\" content=\"I briefly mentioned Nexen in a previous post, but I thought it worth a more detailed look. 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