Stakeholder Management in Oil & Gas Corporate Governance
03 – 07 Feb. 2025 | Abu Dhabi | 11 – 15 Aug. 2025 | Dubai | 22 – 26 Dec. 2025 | Abu Dhabi |
Learning Objectives
Upon successful completion of this course, participants will be able to:
1. Fundamentals of Stakeholder Management in Oil & Gas
- Understand stakeholder theory and its relevance in corporate governance.
- Identify internal and external stakeholders in oil & gas operations.
- Define key principles of stakeholder engagement and corporate responsibility.
2. Stakeholder Mapping and Prioritization
- Conduct stakeholder analysis using power-interest matrices.
- Segment stakeholders into regulators, investors, communities, NGOs, employees, and suppliers.
- Develop stakeholder prioritization strategies aligned with corporate objectives.
3. Governance Frameworks and Regulatory Compliance
- Ensure compliance with oil & gas corporate governance frameworks (OECD, IFC, IPIECA, SEC).
- Align stakeholder engagement with Environmental, Social, and Governance (ESG) standards.
- Address legal and ethical considerations in stakeholder communication.
4. Effective Stakeholder Communication Strategies
- Develop transparent and structured stakeholder communication plans.
- Use corporate reporting (financial, sustainability, and governance reports) to inform stakeholders.
- Manage stakeholder expectations through proactive engagement.
5. Community Relations and Social License to Operate (SLO)
- Foster positive relationships with local communities and indigenous groups.
- Implement corporate social responsibility (CSR) initiatives to support sustainable development.
- Address land use rights, environmental concerns, and social impact assessments.
6. Managing Investor and Shareholder Relations
- Understand shareholder rights, corporate disclosure, and financial reporting.
- Balance short-term profitability with long-term stakeholder interests.
- Ensure transparent investor relations and ethical decision-making.
7. Risk Management in Stakeholder Engagement
- Identify reputational, financial, and operational risks in stakeholder interactions.
- Develop risk mitigation strategies to prevent governance failures.
- Handle conflicts of interest, crisis communication, and stakeholder disputes.
8. Case Studies and Practical Applications
- Analyze real-world oil & gas stakeholder engagement successes and failures.
- Participate in stakeholder engagement role-playing exercises.
- Develop a stakeholder management strategy for an oil & gas corporation.
Target Audience
- Corporate executives and board members in oil & gas
- ESG and sustainability professionals
- Corporate governance and compliance officers
- Risk management and investor relations teams
- Community relations and CSR professionals