OSRL

OSRL aims to ensure the right balance and mix of skill sets amongst Directors in order that the Company receives proper strategic direction and good counsel. To this end, we have appointed Independent Directors over the last two years to strengthen the Board as we undergo significant changes post-Macondo.

In 2011, formal meetings were held with Shareholders in June and December in San Francisco and Southampton respectively. Updates to Shareholders centred on post-Macondo changes and initiatives such as the strengthening of the Service Level Agreement (SLA) and working more closely with other response organisations.

In the same year we also recognised that with the continued growth and complexity of the Company’s global operations, there was a need to review our corporate structure to better manage our resources and to ensure the safe and effective delivery of services to our Members. To achieve this, we introduced a matrix-based organisational structure, clarified Executive Team and Senior Management roles and responsibilities, established a new Technical Development Group, and recruited a Financial Director and a Global Head of Human Resources.