Sound corporate governance is foundational to our business. Through good governance practices, we build trust with our stakeholders and drive strong operational and financial performance.
Our actions are guided by our values and supported by a clear governance framework that includes robust policies, practices and systems that provide proper oversight and accountability. We are committed to maintaining the highest standards of corporate governance and risk management in our activities.
Our reputation and integrity depend on every employee, officer, director and representative working on behalf of our Company. As a member of the Shell Group, these values are underpinned by Shell General Business Principles. Our Code of Business Conduct and Ethics outlines our commitment to ethical and safe conduct. Every year, staff are required to review and sign-off on this code, to confirm their understanding and commitment to acting in a manner consistent with our core values.
Risk management across all aspects of our business has been a hallmark for ARC. We have a robust risk management process, which plays a central role in the development of our strategic plan. Our Board of Directors and Leadership team are primarily responsible for the identification of the principal risks of the business, and ensuring all reasonable steps are taken to implement appropriate mitigation plans, systems, and procedures. We monitor 5 categories of organizational risk:
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