ETHICAL LEADERSHIP: EXXON, BP, AND HYDRAULIC FRACTURING CASE STUDY3Table of ContentsExecutive summary...................................................................................................................................2Introduction...............................................................................................................................................4How ethical risk management in gas and oil industries relate to the reduction of accidents...............4Management of change.........................................................................................................................4Proper preparedness for disaster.........................................................................................................5Certification and training.....................................................................................................................5Providing incentives to change the safety culture...............................................................................6Proper corporate standards and practices...........................................................................................6Comparison of the risks faced by Exxon, BP, and the Fracking industry as they strive to provide a constant energy supply..............................................................................................................................7They all face the risk of leaks, explosions, and spills...........................................................................7They all face the risk of loss of reputation...........................................................................................8They all face political risks....................................................................................................................8They all face financial risks...................................................................................................................9How ethical Leadership helps the oil and gas industry manage risk.....................................................9Creates a culture of transparency and responsibility.........................................................................9Environmental risk management.......................................................................................................10Safety and quality management.........................................................................................................10Ensures proper risk preparedness.....................................................................................................11Conclusions..............................................................................................................................................11References................................................................................................................................................12

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