Corporate Governance

Investors

Corporate Governance

Patterson-UTI is committed to the highest standards of ethical conduct. Our Board of Directors has adopted the charters and policies listed below to reflect our corporate governance practices.

If you have a concern about Patterson-UTI's accounting, auditing and financial matters, books and records, breach of confidentiality, conflict of interest, discrimination, harassment or retaliation, fraud, misconduct, policy violations, safety, substance abuse, theft or other matters, please communicate your concern by calling our Corporate Governance Hotline at 1-844-66-SHARP or via the web by clicking SHARP Hotline. Information may be provided anonymously either by phone or via the website, and all reports will be kept confidential and only disclosed to those who need to know.

In accordance with applicable law, a person who in good faith submits a report through our SHARP Hotline system will not be retaliated against because of such a report.

Committee Composition

Director Skills and Experience

The table below summarizes some of the skills and experience that the Board believes each director possesses and are relevant to such director’s Board and committee service. This summary is not intended to be an exhaustive list of each of our directors’ skills or contributions, and the lack of a mark for a particular item does not necessarily mean that the director does not possess that skill or experience.

Cepak

Conlon

Hendricks

Huff

Hunt

Jaime

Judah

Robertson

SKILLS AND EXPERIENCE

Accounting and Finance

Understanding of finance and public company financial reporting

 

Corporate Finance/Capital Markets

Corporate finance, capital markets and/or merger and acquisition experience

 

 

Corporate Governance

Corporate governance principles and process

 

Environmental and Safety

Safety and environmental regulations

 

 

 

Global

Management and/or work experience with businesses operating outside of the United States

 

 

 

Human Resource Management

Human resource management and/or work experience

 

 

 

 

 

Independent

Satisfies the independence requirements of Nasdaq and the Securities and Exchange Commission

 

Industry and Operations

Operational and management experience in the oil and gas industry

 

Leadership

Business and strategic management experience from service in a leadership position, such as a CEO, COO, CFO or other senior leadership position of a significant operating unit

Legal Background

Practiced law and/or has law degree

 

 

 

 

Prior Board Experience

Service on public company boards

 

 

 

Risk Oversight

Understanding significant risks facing companies

Technology

Developing and investing in new technologies