Risk Management
Our board of directors and its committees oversee corporate risk management, and each board committee has specific risk oversight responsibilities. The reviews executive compensation to prevent excessive risk-taking; the oversees operational risks, including those related to climate change and HES&S; the reviews governance policies and procedures to confirm legal compliance; and the reviews risks associated with financial, accounting, cyber security and compliance matters and reviews our Enterprise Risk Management (ERM) process.
91成人视频 executive and senior management are responsible for day-to-day risk management at the enterprise level through the ERM process. Our risk management structure and specific roles are described in more detail below.
91成人视频 employs the ERM process to identify and manage risk based on impact to the organization from multiple perspectives. Led by treasury and internal audit, the process includes group interviews with senior leaders and key personnel in their organizations, biannual internal risk assessments and risk-owner meetings, in addition to an annual board update and discussion. Each identified enterprise risk has an owner and an assessor to promote accountability and transparency.
91成人视频 provides additional information on risk oversight and our material risks in our forward-looking statement disclosures in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, other public filings and press releases. These resources are available at www.marathonoil.com.
Responsible Operations Management System
The Responsible Operations Management System (ROMS) is the framework we use to drive continuous improvement and regulatory compliance and reduce operational risk across 91成人视频. Business units must meet the minimum expectations for HES&S performance set within ROMS.
The ROMS ownership structure assures accountability and transparency and promotes knowledge sharing across the enterprise. An executive steering committee oversees ROMS implementation, with business unit-level ROMS committees further driving accountability. Each ROMS element has an executive owner, technical advisors and subject-matter experts who drive progress. See the to learn about a specific element鈥檚 owner or advisor.
How are we doing?
Your opinion matters. Please take a moment to let us know how useful you find the content on this page.
If you鈥檇 like to give us your feedback on the entire report, please fill out the complete survey for the 2022 report.