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Governance Overview

Good Governance, Good Stewardship
At Marathon Oil, operating responsibly means effectively managing and mitigating environmental, safety, security, operational, social, reputational and other risks.

We prioritize best-in-class corporate governance, including a robust risk management infrastructure, as well as processes and foundational principles that govern the way we do business every day.

We believe it’s our obligation to operate with ethics and integrity, and to promote open and transparent communication. Strong leadership and governance are critical to good stewardship.

The Marathon Oil board of directors oversees our business and assesses risk to ensure high levels of environmental, social and governance (ESG) performance for the benefit of our shareholders.

Our Corporate Governance Principles describe the roles, responsibilities and functions of the board. Detailed information about the selection, election, independence, diversity, committees, evaluation, risk management responsibilities, compensation and functioning of our board is available in our 2020 Proxy Statement.

Board Engagement
Leadership and board members during our shareholder meeting

Performance Highlights

  • Continued to identify, manage and mitigate enterprise risks using the Enterprise Risk Management (ERM) process, with oversight from the board of directors and active involvement of Marathon Oil management.
  • Introduced new corporate standards and added regional vice presidents to the Responsible Operations Management System (ROMS) steering committee, as part of continuous improvement efforts associated with ROMS implementation.
  • Strengthened business continuity plans across the company by holding a workshop and adding a web-based computer access program.

How are we doing?

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