Governance

As a publicly traded company on the Toronto Stock Exchange under the symbol FES, Flint Energy Services Ltd. has a Board of Directors responsible for the business affairs of the Corporation and the adoption of long-term goals and strategies. The Board discharges its responsibilities directly and through its committees. At each meeting, the Board receives Management and committee reports on the Corporation's operations and all other developments and issues of current relevance. All material transactions outside of the ordinary course of business are submitted to the Board for consideration and approval prior to implementation. In developing its approach to corporate governance, the Board and Management of the Corporation believe that sound corporate governance practices are essential to the efficient and effective performance of the Corporation.

The Corporation has adopted a formal  Disclosure Policy, which explicitly deals with who is authorized to speak on behalf of the Corporation, the disclosure of material information and developments, maintenance of confidential information, electronic communications and restrictions on trading for directors, officers and employees. The Corporation formally communicates with its Shareholders through its annual and quarterly reports, media releases and statutory filings. Senior management is available on an ongoing basis to discuss the Corporation's activities and results with its Shareholders and the financial community, and the Board is advised of concerns received from the Shareholders.

In addition, the Board also acts in accordance with: the Business Corporations Act (Alberta), the Corporation’s articles and bylaws, the Corporation's  Code of Ethics, the Corporation's Disclosure Policy, the Corporation's  Whistleblower Policy, charters or terms of reference of the committees of the Board, other applicable laws, and other policies of the Corporation.

Flint has developed a distinctive and successful corporate culture based upon a passion for excellence, integrity, and safety. Our vision is to be the ‘Customer’s Service Provider of Choice’ and the ‘People’s Employer of Choice’. Flint is committed to maintaining a high standard of corporate governance for our employees, investors, and our customers. The Integrity Helpline web site and toll-free number (1-888-332-3564) is a convenient way for you to seek assistance and report potential violations regarding ethics and compliance issues. It is hosted by a third party, EthicsPoint, to maintain confidentiality and anonymity when requested, to the extent possible.