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A wave of bankruptcies looms in the US natural-resources sector. For the unfortunate companies that succumb, restructuring begins with a new slate of directors. The most successful of these will embody seven characteristics.
From the unexpected arrival of activist investors to the unexpected departure of a key director, boards face an array of situations where they may be caught flat-footed on matters of board succession. Smart boards employ four approaches to better prepare themselves.
Five leadership skills can help oil and gas companies weather the current downturn in oil prices, and transform the energy renaissance of recent years into a global energy reformation.
The Mexican oil and gas industry has a history rooted in the nation’s identity, but step-change for the landscape is now underway. During the last 20 years, declining production, political stagnation, globalization of consumption, and an underperforming economy have contributed to inevitable change.
While the complete impact of the BP oil spill is yet to be determined, we can be certain of one thing – the disaster will be a game-changer for the largest industry on the planet. Change in the oil and gas industry will be manifested in many ways – commercially, technically, and most assuredly, from regulators. Yet, the most significant change may come in the executive profile of those who lead oi