
| The
Board oversees the planning, implementation, establishment, monitoring,
management, assessment and review of risk control management and
information systems in connection with environmental and cultural
heritage concerns. Management is to establish and implement the policy by establishing a system to identify, assess, monitor and manage risk by:
Identifying and addressing risks at each Company project, including
consideration of environmental, native title and cultural heritage
concern and setting up procedures for ensuring that appropriate action
is taken to ensure compliance with relevant legislative and community
expectations;
Devising and establishing a system for the ongoing review of risk
control management and information systems and reviewing the systems
and their compliance and their overall effectiveness not only for
continuing or evolving risks but also for new risks; Reporting periodically on risk control and compliance as well as management information systems to the Board.Mosaic Oil Environmental Policy as at August 2007 |