The board as a whole retains oversight of all risks that could have an impact on our company, including safety, environmental, social, cybersecurity and corporate governance concerns, and any related health and safety issues that might arise from our operations. Management is expected to integrate these corporate responsibility concerns into decision-making throughout the organization.
An important aspect of the board’s oversight is an enterprise risk management program. Under this program, major enterprise-wide risks have been identified, along with measures to mitigate and manage risks. At each quarterly meeting of the Audit Committee, to which all directors are invited and typically attend, management reviews major risks and associated mitigative measures. At each board meeting, a presentation is made regarding one or two specific areas of risk. Additional review or reporting on enterprise risks is conducted as needed or as requested by the board.
Please refer to our for a complete discussion of the key risks affecting National Fuel.