Corporate Governance

Our group is headed by GeoPark Limited, a company incorporated in Bermuda and listed on the New York Stock Exchange (NYSE). Its legal and regulatory framework is governed by local law, regulations of the NYSE, the Securities Exchange Commission (SEC), and the Sarbanes-Oxley Act (SOX), establishing reporting, compliance and internal control guidelines.

The mission of the Board of Directors and the Management Team is to promote and protect a culture based on collaboration and the development of all our employees. With the same conviction, they seek to lead the Company sustainably in accordance with environmental, social and corporate governance practices that allow GeoPark to achieve its long-term objectives through a clear business plan and awareness of the risks inherent to the industry.

In 2020 the Board of Directors adopted corporate governance measures to increase its levels of independence and improve its governance practices and processes. It also updated the bylaws of each of its committees, created the Risk Committee, reviewed the composition of each committee, and appointed Sylvia Escovar and Somit Varma as independent directors.

Together with the Management Team, the Board supervised sustainability management and health and safety training, as well as the relationship between operations and the social environment and our neighbors through environmental, social and human capital development indicators.

Our Board of Directors was strengthened in 2020 with the appointment of Sylvia Escovar and Somit Varma as independent directors.

GeoPark shareholders annually elect the members of the Board of Directors at the Annual General Meeting convened according to the Company’s Bylaws and the criteria defined for the nomination and election of directors.