Corporate Governance

Lucas Energy, Inc. is a publically traded oil and gas company incorporated under the laws of the State of Nevada. As a publically traded company, it is subject to the regulations of the United States Securities and Exchange Commission, the NYSE Amex exchange, and the laws of the State of Nevada. Lucas began trading on the NASDAQ OTC in a reverse merger with a Nevada corporation in 2006 and moved to the American Stock exchange in 2008. The Amex has since merged with the New York Stock Exchange but keeps some companies on the NYSE Amex, a separate trading floor.

Lucas Energy, Inc. is governed by a Board of Directors elected by the shareholders at an annual meeting. The number of authorized seats on the Board is five but Lucas has only four Directors at present. The Board of Directors appoints the President and Chief Executive Officer (CEO), and approves the nomination of other officers by the CEO, such as the CFO, Corporate Secretary, Assistant Corporate Secretary, and Vice Presidents.

The CEO has authority to conduct the day to day business of the corporation, and to execute documents necessary for corporate activities. The corporation is governed by a corporate charter, by-laws, resolutions passed the Board of Directors, and actions approved by the shareholders of the corporation.

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