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Stakeholder Management in Oil & Gas Corporate Governance

03 – 07 Feb. 2025Abu Dhabi11 – 15 Aug. 2025Dubai22 – 26 Dec. 2025Abu 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