Corporate Governance

General meeting

The general meeting elects members to the board of directors. Summons to the general meeting will be distributed in accordance with Cyprus Law.

Independent Oil & Resources PLC has one share class, and each share carries one vote at the general meeting.

Board of directors

Independent Oil & Resources’ board of directors shall have three to five members. Independent Oil & Resources  shall seek a majority of independent non-executive board members, elected by the Company’s shareholders.