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Company bosses in the firing line-II: How resilient are their business models?
Nov 28:   Increasingly, the Board of Directors of oil companies will be asked to answer questions on the portfolio and capex resilence of  their companies, such as:
8Can the Board explain how the current portfolio and capex decisions continue to generate shareholder value in the long term in light of the dramatic changes in market and technology?
8How does the Board ensure there is sufficient flexibility to respond to changing dynamics?
8What time scale is the company using for testing its capital investments and are they consistent with varying time horizons for payback periods?
8What is the Reserves to Production ratio in the medium term?
8Have you publicly disclosed your position on climate and energy policy and how this relates to your strategy? Where relevant this may include your position on carbon pricing, renewable energy and energy efficiency targets and fossil fuel subsidies.
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