Corporate Governance of Suncor Energy Private Limited

Running head: CORPORATE GOVERNANCE 1
Corporate Governance
Student’s Name
University’s Name

CORPORATE GOVERNANCE 2
Abstract
This particular paper focuses on the governance structure of Suncor Energy Private Limited
that is one of the largest petroleum companies of the world. In order to analyze the corporate
governance structure of Suncor, the focus was on the ethical compliance, legal compliance
and regulatory compliance along with the risk management of the company. In a highly
turbulent and dynamic business environment, it is essential for companies to operate in such a
way that they are ethically, legally and regulatory compliant along with effectively managing
the future risks that can have catastrophic impacts on the performance of the organization. In
this context, the major objective of this paper was to analyze the corporate governance of
Suncor. The findings of the study indicate that Suncor is ethically, legally and regulatory
compliant with the help of a number of policies and programs along with the stewardship. It
ensures that the company does not violate any of the regulation that has a negative impact on
the employees and the community that it is serving. The risk management analysis of Suncor
indicates that the primary risks of the company include the risk of reputation, risk of
regulations, risk of health & safety, risk of financial impact along with the environmental
risks. Suncor has effective techniques and processes that help in managing the primary risks
along with anticipating the future risks.
Keywords - Corporate governance, legal compliance, regulatory compliance, ethical
compliance and risk management

CORPORATE GOVERNANCE 3
Contents
Abstract......................................................................................................................................2
Introduction................................................................................................................................4
Conceptual Framework..............................................................................................................4
Key Measures/Indicators of Legal Compliance.........................................................................4
KeyMeasures/ Indicators for Ethical Behaviour........................................................................6
What are the key measures/ indicators of regulatory compliance..............................................7
Primary areas of risk and how are they minimized....................................................................8
Summary and Conclusion........................................................................................................10
References................................................................................................................................11

CORPORATE GOVERNANCE 4
Introduction
This particular paper focuses on the legal, ethical and regulatory compliances of
Suncor Energy Private Limited along with its risk management structure. In this context, the
secondary data collected from the annual reports of the Suncor will be used. Suncor is a
pioneer in the development of oil sands of Canada along with being the largest petroleum
resource basins of the world. (Suncor, 2018). The figure below shows the conceptual
framework of the study that includes the ethical compliance, legal compliance and regulatory
compliance along with the risk management of the company.
Conceptual Framework
Conceptual Framework
Key Measures/Indicators of Legal Compliance
Every organization has certain regulations, rules and agreements that need to be
adhered. Sun Core Energy also has some rules and regulations that help it in ensuring the
appropriateness and soundness of the overall system (Holcomb, 2016). In this context some
of the indicators that can be used to measure the legal compliance performance include
employee relations, public relations, and number of legal disputes in the organization. The
legal compliances help in improving the relationship between the company, employees and
Corporate
Governance
Legal
Compliance
Regulatory
Compliance
Ethical
Compliance
Risk
Management