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Shane O'Leary, chief operating officer of the UK-Canadian group, will take over the reins from Mr [Richard Anderson]. High hopes over the gas explorer's intentions to develop a field in Algeria caused its share price to peak in 2005 but its failure to exploit the prospect has since caused its share price to slump. In spite of Mr [Khelil]'s views, FCP yesterday announced that Mr [Michael Kroupeev]'s proposed slate of directors would now be recommended by management, making their election virtually guaranteed, although two of his nominees would step down and make way for compromise board members. Mr Kroupeev, who controls nearly 10 per cent of FCP through an investment vehicle, also sounded a conciliatory tone. "The minister has no grounds to be concerned. There has been no change in control of the board. We are fully committed to developing this project." [Source : Proquest :STANLEY PIGNAL. Financial Times. London(UK): Apr 15, 2008. pg. 20]Question : Identify the major process of operations as applicable to this context and explain it in detail?

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