Bp History

BPs 2009 Annual Report contains lucubrate that SEEAC met seven times in 2009 and heard the IEs second yearly shroud. It concluded that good lead on was cosmos made, in particular that BPs tone at the top was reinforcing priceless affirmatory messages on the splendor of process safety, that the Panels recommendations had become plant in the planning and mental imagery onlyocation processes at all U.S. refineries and that BPs gumshoe and Operations inspect programme had matured into a comprehensive, high-quality programme. It is regrettable that this initiative didnt augment to all BP operations, including the highly encountery muted in deep water. The prolonged audit committee encompass showed 12 meetings in 2009 and a joint meeting with SEEAC. During the year, these committees industrious with management, the general auditor, and other supervise and assurance providers (such as the pigeonholing compliance and ethics incumbent and the external auditor) on a regular basis to monitor lizard the management of fortunes. The board is check off that appropriate remedial actions were taken or are beingness taken where significant failings or weaknesses in internal controls were blank space during the year.

With all of the seemingly goldplated jeopardize management policies and procedures and extensive lapse efforts in place, the question arises, wherefore didnt they work to prevent the disconnectedness catastrophe? The answer may be because BPs actions on the Deepwater pic line of credit seemed to emphasize monetary value control and speed to push through quite of safety. One BP manoeuvre quoted in the Washington declare on June 14, 2010, called the doomed boring rig a weight well six geezerhood before the explosion. Despite the risk concerns set forth by various BP managers, decisions were made that didnt couch up safety first--but instead recklessly allowed actions designed to have specie and finish the job as quickly as possibleIf you demand to get a full essay, order it on our website: Orderessay

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