Board of Directors
NOVA Chemicals Corporation’s Board of Directors is responsible for:
- protecting the interests of the stakeholders
- providing guidance to management
- monitoring the effectiveness of management’s policies and decisions
- overseeing the execution of the corporation’s strategy
Members of the Board of Directors of NOVA Chemicals Corporation:
His Excellency Suhail Al Mazrouei is the Managing Director of the International Petroleum Investment Company (IPIC) and is NOVA Chemicals’ Chairman of the Board.
Khalifa Al Romaithi is the Director of Downstream and Diversified Investments of IPIC. Mr. Al Romaithi is the Vice Chairman of the Board and a member of both the NOVA Chemicals’ Remuneration Committee and the Audit Committee.
Abdulaziz Alhajri is the Refining and Petrochemicals Director of the Abu Dhabi National Oil Company (ADNOC). He is a member of the Audit Committee.
Mark Garrett is the Chief Executive Officer of Borealis AG and is the Chairman of NOVA Chemicals' Remuneration Committee.
Stephen Soules is the President and CEO of Synchronicity Energy and is Chairman of NOVA Chemicals' Audit Committee and a member of the NOVA Chemicals' Remuneration Committee.
Todd Karran is the President and Chief Executive Officer of NOVA Chemicals Corporation and a member of the Board of Directors.
Committees of the Board
The Board has established two standing committees and delegated certain of its responsibilities to each of the Committees. The Audit Committee and the Remuneration Committee each have a charter which delineates their specific responsibilities.
NOVA Chemicals Corporation is committed to maintain a high standard of corporate governance.
All directors, officers, employees and agents of NOVA Chemicals Corporation and its subsidiaries must act in accordance with our Business Conduct Policy - our Code of Conduct
, a comprehensive set of expectations, obligations and responsibilities relating to ethical conduct, conflicts of interest and compliance with law.
In addition, we have adopted a Code of Ethics that applies to our Chief Executive Officer and Senior Financial Officers, which establishes additional expectations, obligations and responsibilities for such officers.