Governance

In This Section

Denbury believes that responsible and sustainable governance is essential to fulfilling our obligations to our stakeholders and operating as a good corporate citizen.

The manner in which we conduct ourselves and our business operations directly affects our ability to sustain our business and operate responsibly. Our Board of Directors (“Board”) and management are highly focused on implementing corporate governance policies and practices that uphold our core values, align with our corporate governance commitments and support our business sustainability.

For more information about Denbury’s sustainability governance practices see our 2022 Corporate Responsibility Report.

For more information about Denbury’s sustainability governance practices see our 2022 Corporate Responsibility Report.

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GOVERNANCE Highlights

Independent and diverse Board

Compensation tied to ESG

Board oversight

Seven of eight directors are independent, including the Chairman of the Board and all Committee members. 13% of our Board members are ethnically diverse and 25% are underrepresented gender identities, including the Chairperson of the Sustainability & Governance Committee.
Specific ESG metrics, including metrics tied to health, safety and environmental goals and a direct Scope 1 and 2 emissions reduction target, are included in employee’s (and executives) annual incentive bonus plan.
Each of our Board Committees reviews and assesses risk-related matters within the scope of its responsibilities. The Sustainability and Governance Committee oversees our risks with respect to our sustainability strategies, policies, position statements, practices, procedures and targets, along with risks related to our corporate governance matters

Independent and diverse Board

Seven of eight directors are independent, including the Chairman of the Board and all Committee members. 13% of our Board members are ethnically diverse and 25% are underrepresented gender identities, including the Chairperson of the Sustainability & Governance Committee.

Compensation tied to ESG

Specific ESG metrics, including metrics tied to health, safety and environmental goals and a direct Scope 1 and 2 emissions reduction target, are included in employee’s (and executives) annual incentive bonus plan.

Board oversight

Each of our Board Committees reviews and assesses risk-related matters within the scope of its responsibilities. The Sustainability and Governance Committee oversees our risks with respect to our sustainability strategies, policies, position statements, practices, procedures and targets, along with risks related to our corporate governance matters

Corporate Governance

The business, property and affairs of Denbury are managed by our Chief Executive Officer under the direction of our Board. The Board has responsibility for establishing broad corporate guidelines and for overall performance and direction of our company, but is not involved in day-to-day operations. Members of the Board are informed of Denbury’s business by participating in Board and committee meetings, reviewing analyses and reports sent to them regularly, and through discussions with our Chief Executive Officer and other officers. Learn more about our Board, committee composition, governance guidelines, committee charters.
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Code of Conduct & Company Policies

Denbury’s Code of Conduct and Ethics (“Code of Conduct”), together with our company policies, serves as our guide to “Doing Right” and operating under our six core values. Learn more about our Code of Conduct and Company Policies.
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Risk Management

Denbury’s Board is responsible for oversight of our risk assessment and risk management. The Board strives to effectively oversee our enterprise-wide risk management while maximizing the long-term value for our investors, with due regard for our employees and other stakeholders. Learn more about how we manage our risk.
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24/7 Denbury Integrity Helpline

Internal and external parties may report violations anonymously 24/7 by calling Denbury’s Integrity Helpline at 1-844-DOING-RT (364-6478), or by visiting DoingRight.Denbury.com.