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  • Essay / SWOT Analysis of BP - 1039

    Highlighted in their code of conduct, clear and concise internal regulations and expectations regarding operational security are outlined to ensure company-wide compliance (Supply Report sustainable development, 2015). Additionally, these regulations are supported by the company's three levels of verification, which are self-verification (individual site match), assurance (internal risk assessment team), and audit (verification independent) (Sustainable Development Report, 2015). While the first two internal systems are critical to the success of the intended security strategies, the presence of the company's independent assessment team ensures accurate and unbiased representation of compliance information, which validates the company's transparency efforts. the company. The company's appointment of Carl Sandlin as an independent expert was intended to help implement recommendations made by an internal investigation, in which the company successfully completed 25 of 26 sanctions (BP, 2012; Sustainability Report, 2015). Additionally, these developments may result from previous allegations that BP's audit systems only considered the presence of the security system and failed to assess the quality of their structures, verification of their use correctness and effectiveness of the system (Allford & Carson, 2015). Although these developments are due to tragic events, these internal improvements lend authenticity to company transparency and create a foundation for enterprise-wide security compliance in today's business efforts and future. For example, BP successfully selected 19 potential projects based on their impact on local communities and the environment (Sustainability Report, 2015). However, their ultimate success depends on their ability