Connect With Us:
Marathon's YouTube Channel
Marathon's Flickr Account
Marathon's LinkedIn Page
Marathon's Twitter Feed
MRO on StockTwits
Marathon's RSS Feed
Contacts
 
Smaller Type
Default Size Type
Larger Type
Print This Page
Email This Page

Transparency

Opposing corruption in any form.

SR-2009LOV_InlineImage-Goverance-TransparencyWe support and offer assistance to countries where Marathon operates in implementing the Extractive Industries Transparency Initiative (EITI) process.

Transparency and accountability are values that guide our business conduct and shape the foundation for sustainable development. Our goal is to promote openness in business dealings and revenue transparency through the EITI process.

We believe that EITI implementation strengthens governance, fosters stakeholder cooperation, aids development of civil society and helps us manage risks.

Marathon offers assistance in implementing the EITI process, including validation and achieving designation as EITI Compliant, to countries where we operate such as Norway and Equatorial Guinea (EG).

EG became an EITI candidate country in February 2008. The EITI-EG National Commission published a report covering 2007-2008 and provided comments on the validation report before the deadline. Despite these efforts, in April 2010 the EITI board denied EG's request for a deadline extension to complete validation. EG has the option to reapply to become an EITI candidate country, which Marathon supports.