Risk management

Our Risk and Safety Committee reports direct to the Board of Directors. Visiting or temporary members are co-opted wherever we judge that a fully independent view is beneficial.


Risk and safety committee

A committee reporting to the Board of Directors.

Background

San Leon Energy Plc has company offices in Ireland, England, Poland and Romania. It is also the operator at many sites and junior partner at others.

Structure

A Committee should be chaired by a senior Non-Executive Director; the impartiality of a Non-Executive lends weight to the committee and sends a signal to employees that ethical issues are being scrutinised independently.

A senior executive should be responsible to the Committee for the San Leon Energy's ethics programme.

A member of this Committee should also be a member of the audit committee.

The size and 'make-up' of the Committee depends on the developing nature of San Leon Energy, its governance structure and the need for a balance of independence and expertise.

Where independence is considered critical, expertise regarding ethical or operational issues could come from visiting or temporary members.

Purpose

The purpose of the Committee of the Board of Directors is to check constantly and report back on the following:

Outline of activities

Risk

Monitoring the risk assessment and action plan covering:

  • Hazards / consequences / risk levels / controls and precautions / further action.
  • Staff trained to use all equipment safely and report any faults immediately
  • First aid courses.
  • Make sure contractors do regular checks of equipment and electrical installations.
  • Staff training in general.

Safety

Health and safety audits of each operation and country office.

Our health and safety policy sets out the arrangements we have put in place for managing health and safety in our business. It is a unique document that says who does what, when and how.

We must display the health and safety law poster.  This is required by law. The poster includes basic health and safety information and lets people know who is responsible for health and safety in the workplace. Or we can give workers a leaflet.

Monitoring of alcohol and drugs policy and enforcement


Environment

San Leon Energy is a group of companies engaged in the exploration and development of oil and gas resources. Protection of the environment in which we live and operate is part of San Leon Energy's values and principles and we consider it to be sound business practice. Care for the environment is one of our key responsibilities and an important part of the way in which we do business.

In this policy statement we commit our company to:

  • complying with all relevant environmental legislation, regulations and approved codes of practice;
  • protecting the environment by striving to prevent and minimise our contribution to pollution of land, air, and water;
  • seeking to keep wastage to a minimum and maximise the efficient use of materials and resources;
  • managing and disposing of all waste in a responsible manner;
  • providing training for our staff so that we all work in accordance with this policy and within an environmentally aware culture,
  • regularly communicating our environmental performance to our employees and other significant stakeholders;
  • developing our management processes to ensure that environmental factors are considered during planning and implementation;
  • monitoring and continuously improving our environmental performance.

The policy statement will be regularly reviewed and updated as necessary. The management team endorses these policy statements and is fully committed to their implementation.

Insurance

Adequate cover must be provided for offices / legal liability / directors and officers liability /operations.

Ethics

The Risk and Safety Committee monitors the non-financial aspects of management activity, such as ethical conduct, environmental matter and health and safety.

The Committee will be able to provide an overarching view of how the Company does its business. It will have responsibility for establishing and embedding corporate ethical values, the ethics policy and code and ensuring and monitoring ethical business practice. It may also oversee San Leon Energy's corporate responsibility strategy.

Responsibilities will include:
  • ensuring that there is effective training in the code of ethics at all levels
  • ensuring that there is effective communication reinforcing ethical values and good practice in the business and censuring unacceptable practice
  • setting up monitoring, reporting and accountability processes
  • establishing and monitoring help lines or mechanisms used by staff to raise concerns
  • assessing reports and overseeing subsequent actions following breaches of the ethics policy or allegations of misconduct
  • developing and reviewing the effectiveness of and updating ethics and related policies and KPIs
  • the liaison with stakeholders over ethical issues
  • ethical due diligence prior to a merger or an acquisition or the undertaking of a major new project

Reporting

In order to be an effective conduit to the board, the Ethics Committee should report at least annually and meeting minutes should be sent to the board.

The Committee should contribute a review of issues, activities and performance to the annual report.

The Chairman of the Committee is to be available to answer questions at the AGM.

The Committee may issue internal and external reports on the extent to which the company is living up to its ethical standards, and oversee San Leon Energy's reporting on corporate responsibility generally.

The Committee may appoint third party verifiers to ensure the information they receive is complete and reliable and the underlying reporting systems are robust.

Responsibilities

The Committee will be able to provide an overarching view of how the Company does its business. It will have responsibility for establishing and embedding corporate ethical values, the ethics policy and code and ensuring and monitoring ethical business practice. It may also oversee San Leon Energy's corporate responsibility strategy.

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