Our comprehensive climate-related risk governance framework extends from the Board of Directors through executive and senior management to the working levels in each of our business units (BUs). The ConocoPhillips Board of Directors oversees our position on climate change and related strategic planning and risk management policies and procedures, including those for managing climate-related risks and opportunities. Other board committees also address climate-related issues. The Human Resources and Compensation Committee reviews executive compensation and performance-based components, including sustainability performance. Annual incentive programs promote responsibility for sustainability progress throughout all levels of the organization as well as achievement of strategic milestones and objectives that address stakeholder issues essential to sustaining excellence in environmental and social performance. Members of SPEC met five times during the year for detailed briefing and discussion on emerging climate-related issues, strategic priorities and the Climate Risk Strategy.