Diversified Energy Company (DEC) recognizes the benefits of good governance. The Company has adopted the UK Governance Code, as issued by the Financial Reporting Council in July of 2018. The Code identifies a number of principles considered fundamental to good governance for companies and we seek to apply this code throughout our company in a meaningful way. We are acutely aware of the need to effectively and thoroughly integrate wholly a reporting and governance framework throughout our rapidly expanding group. We find ourselves in the front line of balancing the three fundamental elements of good governance, namely to deliver business growth, build trust, and maintain a dynamic management framework.
We understand the importance of good and effective communication and we remain in close contact with our shareholders and other stakeholders.
Share Dealing Code
Diversified Energy Company has adopted a Securities Dealing Code for share dealings in Ordinary Shares in accordance with the Admission and Disclosures Standards of the London Stock Exchange and the applicable standards of the Market Abuse Regulation.
Right and Ethical Business Conduct
Our Statement of Principles forms the underlying basis on which our company was founded and sets the standard for professional conduct to which each Director, officer and employee is expected to adhere.
We are committed to adhering to our principals of business conduct and have developed additional compliance standards and policies to ensure that we foster a proper operating environment that encourages ethical business practices.
- Compliance Hotline and Whistleblowing Policy
Our Principles clearly set out, in part, that “we will conduct our business and deliver value to our stakeholders based upon ethical standards and beliefs which act with personal and business integrity, commit to excellence in performance, and exhibit courage of convictions.” If you see or suspect that illegal, unethical or improper conduct has taken place by any individual affiliated with the Company, we need you to voice your concern.
The Company's formally adopted Whistleblowing Policy aims to provide guidance as to how individuals may raise their concerns and to ensure that they may do so confidently and confidentially.
We recognize that speaking up is not always easy so we are providing access to our compliance hotline, available 24 hours per day, 7 days per week and hosted by an independent, third-party vendor.
Interested parties may access the compliance hotline at 1 (800) 261-9132 or online at compliance.dgoc.com.
- Anti-Bribery Policy
We acknowledge that our commitment to right and ethical practices extends beyond our company to those individuals and companies with which we interact in the due course of business. As such, we have implemented our Anti-Bribery Policy to help address bribery and corruption risk as a part of our overall risk management strategy.
- Corporate Social Responsibility Policy
DEC is committed to being recognized as a leader in the field of corporate social responsibility and recognizes that in doing so, we will add significant value for our shareholders. We aspire to achieve high standards through a process of continual improvement of our procedures, practices and performance.
Click Here to review Diversified’s formally adopted policy on Corporate Social Responsibility.
- Human Rights Policy
DEC recognizes that modern slavery is a significant global human rights issue and has many forms including human trafficking, forced labor, child labor, domestic servitude, people trafficking and workplace abuse. We are committed to respecting internationally recognized human rights, including ensuring that we are in no way involved or associated with the issue of forced or involuntary labor and that modern slavery and human trafficking are not taking place in any part of our business.
Click Here to review Diversified’s formally adopted policy on Human Rights.
- Environment, Health and Safety Policy
A fundamental commitment at Diversified Energy Company is the protection of our employees, our contractors, the public, and the environment. This policy guides all our activities and will not be compromised in any business endeavor.
Click Here to review Diversified’s formally adopted Environmental, Health and Safety Policy.
2020 AGM Supplemental Information
- Directors’ Remuneration Policy
The 2020 Annual Report includes the proposed directors' remuneration policy for approval by shareholders at the AGM to be held on 27 April 2021.
The policy provides the position for share awards that in the event of a change in control of the Group, the awards vest in full if the participant is employed by the Group upon such change or is terminated by the Group within 180 days in advance of the change in control. The rationale is to ensure that the Executive Directors remain with the Group through completion of the change in control, so as to affect an orderly transition for the Group. For clarity, it is noted and understood as for future performance share awards that in the event of a change of control, awards will normally vest at that time and shall take into account, amongst other things, the extent to which any performance criteria have been met (over the shortened performance periods) and the time elapsed since grant (i.e. prorated).