Ethics and Governance of Santos Ltd

Running head: MANAGEMENT
Ethics and governance of Santos Ltd
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MANAGEMENT
Executive summary
Management from the Board panel is assistance for Santos Ltd in terms of enhancing the
efficiency in the supply of the oil and natural gas in the Australian market and overseas. This
reports enhances the awareness of the readers about the skills, competencies and capabilities,
which are the main criteria for appointing the Directors. Apart from this, legitimacy in the
approach is one of the other aspects, which the reports looks for setting the ground for
corporate social responsibility. This parameter is the main element for achieving success.
Incapability in aligning the performance with the expectations of the stakeholders and
shareholders adds an interrogative parameter to the organizational culture. However,
conscious approach towards the development of Aboriginal people exempts Santos Ltd from
this aspect.

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MANAGEMENT
Table of contents
Introduction................................................................................................................................3
Summary of corporate governance............................................................................................4
Board orientation........................................................................................................................6
Interpretation of company communications...............................................................................9
Conclusion................................................................................................................................11
References................................................................................................................................12
Bibliography.............................................................................................................................13
Appendix 1...............................................................................................................................14
Appendix 2...............................................................................................................................15

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MANAGEMENT
Introduction
Santos Ltd achieves accolades and glory by emerging as the second largest
independent oil and gas producers in the threshold of Australia. The dynamics of the
company expands through the presence of shareholders from overseas countries. The
operations are centrally performed under Electrical energy as a public company. As a matter
of specification, the company deals in the gas and petroleum exploration (Santos.com, 2019).
Along with this, the company deals with the services of producing, treating and marketing of
coal seam gas, liquefied natural gas, crude oil, condensate, naptha and liquefied petroleum
gas. Export of crude oil and gas by pipeline is accounted as one of the other functions of the
company. According to the annual report of 2018, the annual revenue was US$3.660 million.
The net income was US$0.727 billion. The major drive behind this is the hard efforts of 2190
employees.
Santos takes pride in being one of the reputed gas producers, supplying sales gas in
the markets of mainland states and territories in Australia. The supply chain also expands to
Sydney for the supply of ethane gas. Overseas expansion relates to the supply of oil and
liquids. The core business of the company is based on the gas and oil discoveries in the
Copper basin, covering the areas of north-east Australia and south west Queensland
(Santos.com, 2019). Primary venture partner and operator of natural gas processing facilities
is assistance in terms of influencing the purchasing power of the clients and the customers.
Mention can be made of on and off-shore oil and gas exploration throughout
Kyrgyzstan, IndonesiaAustralia, Papua New Guinea, Bangladesh, India, Egypt and Vietnam
and. In the financial year of 2008, the sales production valued up to 54.4 million barrels of oil
and equivalent. The era of 2014witnesses the highest oil production in six years. In the first
financial year, the sales revenue was $1.8 billion, which was a hike of 20% as per the
earnings of the previous year. Sales volume encountered as increase of 5% to 28.9 million