Our Board of Directors, management and all employees of Nabors share an ongoing commitment to the highest standards of corporate governance. Our Board of Directors reviews all aspects of our governance policies and practices, including our "Board Guidelines on Significant Corporate Governance Issues" and our "Code of Business Conduct", at least annually in light of best practices and makes changes as necessary.

As part of this ongoing commitment, the Board has undertaken a review of its corporate governance practices against the framework of the Organisation for Economic Co-Operation and Development (OECD) Principles of Corporate Governance and concluded that Nabors is compliant with the OECD Principles of Corporate Governance.