Integrated risk management in Tullow's Matrix organisation
Risk management is embedded into our organisation structure, operations and performance management tools.
Use the interactive diagram to find out more about our approach
Board of Directors
The Board, through its regular meetings, provides oversight of the strategic direction of the business and approves the annual budget and business plan. The detailed annual business plan and budget process, extending over a three-year period, provides the principal metrics against which the performance of the Group is measured. These include annual objectives and targets covering production, development, exploration, EHS and financial performance, which are set at a business unit level. Business plans are agreed with the Board together with risks to delivery and defined operational targets. Key risks for strategic delivery of the Group’s business plans and objectives are then collated as part of the Board’s annual review of Group strategy. The Audit Committee also plays a key role in reviewing the effectiveness of Tullow’s internal controls and financial risk management.