Managing Risks

To ensure the oversight and management of our enterprise-wide risks, we have adopted a uniform risk analysis framework focused on four major risk categories: financial, strategic, operational and legal. Members of Spectra Energy’s senior leadership team have specific accountability for each of the risk categories.

The Spectra Energy board is responsible for the oversight of our risk management process. The board exercises certain risk oversight responsibilities through the finance and risk management, audit and compensation committees.

Within the company, risk management committees provide oversight of key strategic and operational risks. We use a standardized approach and tools for assessing risks and systematic processes to mitigate and monitor risks and share key learnings across the organization.