14
Stakeholders are defined as any partywith
a legitimate interest ina project. Dolphin
Energy’s stakeholders are identified using
a systematic approach to determine the
corporateandoperations area of influence
and identifywhomight beaffected and in
what way.
The following table capturesDolphin
Energy’s key stakeholders, methods
of engagement, understanding of their
priorities, and an introduction to how the
company is responding.
DolphinEnergy is continuously striving
to improve stakeholder engagement
techniques and learn from leading
international practices and standards.
Thequality of engagement is critical if
DolphinEnergy is genuine in saying that
the convergenceand consideration of a
wide range of stakeholder interests shapes
its corporate strategy and sustainability
framework.
Stakeholders
Stakeholder
Methodsof Engagement
Stakeholder Priorities DolphinEnergy’sResponse
Shareholders
Mubadala 51%, Total 24.5% andOxy 24.5%
•
Through their
representation on the
Boardof Directors,
including regular board
meetings
•
Through their
representation and
active involvement as
members of the senior
management team
•
Operatingwith complete
integrity and protecting
national and corporate
reputations
•
Achieving financial targets
•
Maintaining reliable,
efficient, safe and
responsible operations
•
Contributing to broader
economic and social
development
•
Board committees
•
Ensuringandmonitoring
compliancewithCBC
and laws and regulations
through theCompliance,
Legal and Internal Audit
departments
Stateof Qatar
•
Development and
ProductionSharing
Agreement (DPSA)
•
Through their
representation at the
Management Committee
•
Management of national
resources
•
Ensuring andmonitoring
compliancewithDPSA
and laws and regulations
of theState of Qatar
Employees
1,175 full-timeemployees based both inKuwait and
Qatar
•
Regularmeetings
•
Performance appraisals
•
Employee satisfaction
surveys
•
Grievance system
•
Suggestion boxes
•
Attractive financial package
and benefits, and excellent
quality of living
•
Good, safeworking
conditions
•
Employment and
development of Kuwait and
Qatar nationals
•
Training opportunities
•
Merit-based opportunities
for promotion
•
Implemented a recognition
and awards program
•
Prepared a five year plan
to attract and develop
Qatari andKuwait nationals
•
Conducted benefits and
compensationmarket
survey
