HAMILTON, Bermuda, April 14, 2014 /PRNewswire/ -- Nabors Industries Ltd. NBR announced today additional changes to its corporate governance and compensation practices. Building upon initiatives announced during 2013, these changes reflect the Company's ongoing dialogue with its shareholders. "During the last two years, we have made significant progress in updating our corporate governance. Since 2011, we have declassified the Board, restructured compensation to better align with business performance and worked closely with shareholders to address their concerns," said Chairman, President and Chief Executive Officer Anthony G. Petrello. "These changes reflect the results of our commitment to strengthening our corporate governance and compensation practices, and open the door to an even more focused commitment to the generation of long-term value for shareholders."