This two-day introductory course introduces the main principles and practices of corporate governance for the oil and gas industry. The oil and gas industry plays’ a crucial role in driving the global economy, the processes and systems involved in producing and distributing hydrocarbons are both complex and capital intensive. In the light of past scandals involving the award of rights to explore for and exploit oil and gas reserves, governments across the world are adopting measures designed to improve systems of corporate governance, especially in the areas of risk management and compliance.

Without proper governance, companies potentially face challenges both internal and external to the organization. For example, attracting investment may be very difficult if investors are not convinced that there are adequate controls, checks and balances that a governance framework can provide in place.

Additionally, the lack of governance can lead to inefficiencies, such as operational issues, in the system, and one must also bear in mind the various effects on sustainability, social responsibility and the society as a whole. However, with a carefully crafted and successfully implemented governance framework, many of these problems can be reversed.
The aim of this course is to introduce the theoretical background to corporate governance and provide an understanding of how companies in the oil and gas industry approach corporate governance and to present and critically assess some of the main challenges that lie ahead.

This course also provides a clear understanding of main current corporate governance codes and associated reporting and compliance requirements of the main stock exchanges in Europe, Australia and the USA.
An emphasis on the nomenclature and terminology will be clearly defined to demystify the topic and enable more effective communication with colleagues when discussing issues related to corporate governance.

This course has been developed for those who wish to understand the main aspects of corporate governance in the oil and gas industry and its importance to the firm, to directors, shareholders, and other stakeholders, and to the wider business community.