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Governance and risk

We are committed to upholding the highest standards in all we do, including operating in a safe and sustainable way. Our board is responsible for the overall conduct of the group’s business
 

BP’s board of directors reviews and monitors performance against our long-term strategy and confirms that the processes for identifying and managing key risks – both financial and non-financial – are in place.

 

With global business experience, and backgrounds as diverse as academia and the US Navy, our non-executive directors bring wide-ranging and invaluable expertise to the table.

 

The safety, ethics and environment assurance committee (SEEAC), one of our six board committees, looks at the processes that BP’s executive team use to identify and mitigate operational and non-financial risk.

Our board and its committees in action – some 2017 highlights
Low carbon future – icon

Low carbon future

 

Discussion on BP’s strategy including the transition to a low carbon economy

Cyber security – icon

Cyber security

 

Multiple briefings to the board and two of its committees on cyber security risks

Human rights – icon

Human rights

 

Review of how BP is managing modern slavery risks

Diversity – icon

Diversity

 

Review of board composition and diversity throughout BP

Field visits

Members of the board visit BP operations, giving them first-hand experience of our assets and the chance to observe and question operating teams.

 

In 2017 they visited our operations in Hungary, Norway, the UK and the US. 

Glen Lyon floating production vessel, North Sea

Cherry Point refinery, US

 

Board members met with site leaders and discussed safety, risk and operating culture at the refinery.

 

With almost half of the workforce made up of contractors, they focused on how the site makes everyone aware of BP’s principles and safety mindset. They also heard from teams about the refinery’s community and environmental programme.

 

Glen Lyon, UK

 

The Glen Lyon floating production vessel in the North Sea processes and stores oil and gas from the west of Shetland. Board members discussed the safety measures taken by the vessel before and after production started in 2017 – such as the use of our operating management system to check the integrity and flow of the pipelines.