Southwestern Energy Company recognizes that strong corporate governance plays an important part in achieving our objective of enhancing the long-term value of the Company for our shareholders. Senior management, led by the Chief Executive Officer, is responsible for running the operations of the Company and informing the board of directors of the status of such operations. The board of directors is elected by the shareholders to monitor management's performance. The primary function of the board of directors is therefore oversight - defining and enforcing standards of accountability that enable the CEO and senior management to execute their responsibilities fully and in the interests of the Company's shareholders. Effective corporate governance requires that the board of directors, the CEO and senior management each exercise their respective roles in assuring the business success of the Company.