Good morning. My name is Steve Krablin, and I'm the Chairman of the Board of Directors of Precision Drilling Corporation. On behalf of myself and the board, I welcome you to today's annual meeting of shareholders. In the unlikely event of a technical disruption, Mr. Kevin A. Neveu, our President and CEO and a director, will chair the meeting. In addition to Kevin, also attending today are Veronica Foley, our Chief Legal and Compliance Officer, and our slate of nominated directors as named in our 2023 proxy statement. I'd also like to recognize Brian Gibson, who is retiring from our board and thank Brian for over 10 years of advice and support to both management and our other directors. Today's meeting will be virtual. This format will offer our shareholders the same opportunities to participate with questions and voting as normally provided at an in-person meeting.
After the formal business is concluded and the meeting is terminated, we will then have a Q&A session. If your question does not get answered during the meeting, we will respond by email afterwards. With that, I officially call the meeting to order. I will act as Chairman of the meeting, and I appoint Veronica Foley to act as Secretary of the meeting. I also appoint Jason Yee and Raymer Espines of Computershare to act as scrutineers of the meeting. I have been advised that a quorum is present, and I declare that the meeting is regularly called and properly constituted for the transaction of business as described in our management information circular dated March 29, 2023, which accompanied the notice of meeting. I will take the notice of meeting as read.
I have proof of filing and mailing of the notice of this meeting, instrument of proxy, financial statements, management information circular and accompanying documents that were sent to the holders of the corporation's common shares. Only registered shareholders who held shares in their name as of March 22nd, 2023, the record date of this meeting, or their validly appointed proxy holders are entitled to vote at this meeting. For the items of business at today's meeting, we will be conducting voting on all items at once online. If you are a registered shareholder or proxy holder, and if not already done so, you can vote now by clicking on the voting icon on your phone, computer, or tablet. Once discussion on all items of business has concluded, I will provide additional time to enter your votes and then declare the voting closed on all resolutions.
Once the poll is closed, the preliminary results will be announced. The final results of the meeting will be released later today and available on our website. I now declare the polls open on all resolutions. The first item of business is the receipt of the audited consolidated financial statements of the Corporation for the fiscal year ended December 31, 2022, and the reading of the auditor's report. As copies have been widely available and have been delivered to every shareholder who requested such, we can dispense with reading them and accept them as presented. The next item of business is the election of the nominated directors. As no other nominations were properly submitted in compliance with the Corporation's bylaws, I declare the nominations closed.
As chair, I propose an ordinary resolution to approve the eight nominated directors as named in our 2023 proxy statement, who are standing for re-election and will be elected as directors until the next annual meeting of the shareholders of the corporation.
Mr. Chairman, my name is Deepa Patel, and I so move.
Mr. Chairman, my name is Catalina Galvan, and I second the motion.
Thank you. The next item of business is the appointment of auditors. As chair, I propose the following. To approve an ordinary resolution that KPMG LLP, the appointed auditor of the corporation, until the next annual general meeting of shareholders and that the directors be authorized to set KPMG's fees.
The next item of business is to consider an advisory resolution, commonly known as say on pay, regarding the corporation's approach to executive compensation. As chair, I propose the following. On an advisory basis and not to diminish the role and responsibilities of the board, that the shareholders accept the approach to executive compensation disclosed in Precision's management information circular, delivered to shareholders in advance of the 2023 annual meeting of shareholders.
Thank you. For those of you who have not voted on any of the items of business, please do so now as I will shortly close the poll. We will now pause for a moment to allow for any final voting. The polls are now closed. I have been advised by the scrutineers that all of the binding resolutions for consideration at today's meeting have been carried by the requisite number of votes. As there is no additional business that may properly be brought before the meeting, I hereby declare this meeting concluded. At this time, I'm pleased to introduce Kevin Neveu, President and Chief Executive Officer of Precision Drilling.
Thank you, Steve Krablin. Good morning, shareholders, employees, and friends of Precision Drilling. It is my honor to welcome you to Precision Drilling's 2023 annual meeting. I will not be making a presentation today. I would like to make a few comments about our outlook and our strategic priorities for 2023. A few weeks ago, we issued our first quarter financial results and are very pleased with a strong start to 2023. The momentum we established in 2022 is continuing well into this year. We are confident in our business, both in the current year and long term. Land drilling fundamentals remain strong, and our fleet of Super Series rigs is in high demand as customers seek the most efficient rigs to maintain production and replenish well inventories that have been depleted over the past several years.
In Canada, drilling momentum continues to build as the Trans Mountain pipeline expansion and LNG Canada projects near completion, which will increase oil and natural gas takeaway capacity and require more drilling activity. Although lower natural gas prices have introduced some uncertainty in the U.S., we expect oil-targeted drilling to strengthen with increased customer demand in the second half of the year. Precision remains firmly committed to generating strong and sustainable value for our investors. We will create this value by tightly controlling those elements of our business within our control. Our 2023 strategic priorities are maximizing Precision's free cash flow through margin expansion and revenue efficiency, which also includes continued scaling of our EverGreen environmental solutions and our Alpha digital technologies.
Secondly, we will reinforce our competitive advantage founded in Precision's renowned high-performance, high-value services from our state-of-the-art drilling and service rigs, coupled with Precision's highly trained and skilled crews and staff. Thirdly, we will continue with our successful program to strengthen our balance sheet, aggressively reducing our debt while returning capital to shareholders. With that, I'm now happy to answer any questions that was submitted by our shareholders.
Thank you, Kevin. My name is Veronica Foley, Precision Drilling's general counsel. No questions have been submitted to by shareholders at this time. As such, I will now turn the meeting back over to our Chairman.
Ladies and gentlemen, on behalf of Precision Drilling, I would like to thank each of you for attending this virtual meeting.