Economics and funding

Investment proposals that covered results of CR due diligence

(%)

  2013 2014 2015 2016
Investment proposals 100 100 100 100

Note: Investment Proposals (IPs): In 2016 Cairn required that any new investment with a net expenditure in excess of US$1 million should be assessed against specified investment criteria, which include an assessment of the potential CR risks involved with the opportunity. For those investment opportunities that are taken forward to the Board for approval, an IP is required which summarises the outcome of the review (including the CR assessment), the recommended terms of the offer and how the opportunity would be managed in the event of success. These IPs are signed off by all functional department heads, the Chief Operating Officer (COO) on behalf of the Management Team (MT) and the Chief Executive Officer (CEO) on behalf of the Executive Team (ET).

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