With the majority of support now provided in the individual business lines, our group functions at the corporate level have been streamlined. 

Group Functions
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Under the current organization structure, each business line is responsible for providing and sourcing the optimal level of operational support that they require. With the majority of support now provided in the individual business lines, our group functions at the corporate level have been streamlined. The resulting lean corporate office has responsibility for strategy (through our Group Sector Managing Directors of Hydrocarbons, Minerals, Metals & Chemicals and Infrastructure) and improved capital allocation (through our new Development group), in addition to assurance and governance activities.

Assurance

The Assurance team provide risk-based business assurance on the effectiveness and efficiency of the WorleyParsons internal controls, reliability of reporting and compliance with laws and regulations.

The team is responsible for ensuring that material risks are being managed. Areas of focus are:

  • OneWay™, HSE, Risk, Ready Response and Recovery (R3), quality assurance & corporate responsibility and corporate people frameworks
  • Reporting to the Group Leadership Team and the Board
  • Identifying risk and assurance emerging themes
  • Corporate crisis support leadership
  • Security and intelligence gathering and communication
  • ISO 9001 certification management and coordination
  • Guidance on executive remuneration.

Internal audit operates under the direction of the Board and on a day-to-day basis is part of the Assurance team.

Finance

Our Finance function has three areas of responsibility:

  • Operational finance
  • Shared transactional and Information Management (iM) services
  • Corporate activities and other specialized support functions.

 

The Operational Finance team are the custodians of the finance systems and are responsible for ensuring the consistent application of standardized processes, systems and corporate and financial reporting.

Shared Services provides efficient, reliable and responsive shared services for the organization that are able to be scaled up and down with the business needs and are delivered via the:

  • Business services center for transactional processing and reporting
  • iM infrastructure, operating systems and associated services.

Finance also provides support such as:

  • Statutory and regulatory requirements
  • Tax and treasury
  • Investor relations and external and internal communications
  • Property leasing
  • Corporate procurement.

 

Company Secretariat and General Counsel Corporate

The Company Secretariat and General Counsel Corporate function advises the Board and senior management on governance and corporate legal matters.