The course is international in scope, recognising both the wide variety of cultures and corporate governance systems within which businesses operate worldwide and the increasing globalisation of business and finance. Communicating the organisation’s values indicates a long-term strategic commitment to building and maintaining an ethical culture. Regular internal communications should regularly refer to the values and ethical expectations.
It contains all of our ethics policies along with an interactive decision-making tool to support you in making the right choices around gifts and hospitality, conflicts of interest and speaking out. We encourage everyone involved with Petrofac, to Speak Up if they have concerns about unethical behaviour or activity. Our Board includes members with relevant remediation and corporate corruption experience, while the Compliance and Ethics Committee is overseeing and continuously challenging our Compliance function. It advises our leadership and it had an active role in revising our Code of Conduct to deliver a clear, understandable, and direct tone on compliance to all employees.
Fraud may be committed for the benefit of the organisation e.g. tax fraud, or it may be for the direct or indirect benefit of the employee or a third party. Conflicts of interest may arise in non-financial matters where individuals are in a position to make decisions, which have a significant impact on others. Examples are in staff recruitment or promotion and in selection and assessment of students. In all cases, decision making should be open and fair and be able to stand up to external scrutiny. Situations where a conflict of interest is present should be identified so that individuals are not open to accusations of bias.
We are a diverse team who recognise that through regulation and litigation, corporate power can be challenged or used to further social and environmental objectives and to promote human rights. We insist on a single standard of Petrofac behaviours, which are an integral part of our business and underpin our ways of working. We are committed to enable and embody ethical behaviours, and we continue to invest in our people and processes to ensure that we live up to the commitment. Understand and discuss critically the content, objectives and limitations of corporate social responsibility policies. Responding appropriately to these legal developments amidst new social dynamics is key to successfully managing a company’s brand, investor relations, access to finance and litigation risk. Companies are also now under an obligation to treat suppliers fairly under Regulations which came into force in 2017, requiring all large UK companies and LLPs to publish information on their payment practices and performance twice a year.
It’s estimated that there are almost 21 million victims of forced labour worldwide – 13,000 of these in the UK. At Network Rail we’re committed to doing business in a sustainable and responsible way. This includes https://www.thehormonauts.com/ a commitment to do all that we reasonably can to prevent all forms of modern slavery in our supply chain and in any part of our own business, and we expect our customers and suppliers to do the same.
Besides going a long way to boost a company’s branding and image, sustainable practices can aid the financial bottom line. Using less packaging and less energy in production helps to reduce production costs and increase revenue. It also means adhering to our key regulators’ requirements and principles, including the UK FCA’s Conduct rules and other country equivalent regulations. You can view one of our training courses, designed with our operational staff in mind, by downloading the course from the attachments section on the right-hand side of this page. IEthics is our online register for logging all declarations of offers of gifts, hospitality and conflicts of interest and supports us to be transparent and challenging in the decisions we make. Representing an oil consultant on her US$11 million arbitration claim under the LCIA rules for breach of contract for unpaid bonuses against a UK-based international oil company in relation to hydrocarbon exploration in West Africa.
Integrity means doing what is right and honest, even under the most difficult situations. This means doing the right thing in any situation, even when it is not helpful to you personally. People with integrity place the good of their team and the company above their own desires. To get this right, we must empower our people to make good decisions, act responsibly and speak up with confidence. The financial regulations contain arrangements to guard against fraud and financial mismanagement.
Members of our team benefit from broad practices and work closely with our employment, professional regulation and property teams. We also assist our litigation teams and clients with expertise in areas such as obtaining interim relief, including urgent injunctions and freezing orders; recovering costs; and enforcement of judgments. We have an effective training and communication plan, a robust risk assessment mechanism, a confidential and efficient investigations process, and a monitoring and evaluation system that ensures continuous improvement and calibration.
Download the conduct guidelines for our suppliers who support our work for the U.S. federal government. Accenture people, and those acting on our behalf, are responsible for understanding the applicable rules and must work with Legal to ensure compliance. Listen back to our speakers discuss good practice in measuring and https://www.wikipedia.org/ assessing culture, the indicators that are used and what kind of assurance board members receive that it is shaping in the desired ways. The University’s public interest disclosure procedures provide a mechanism for staff and students to raise serious concerns which are in the public interest, without fear of reprisal.
Dialogues – internally focused presentations to nurture ethics discussions involving our own community and colleagues’ expertise as to best practices. Where a course has unseen written examinations, these may be held termly, but, on the majority of our courses, exams are usually taken in the Summer term, during May to June. In most cases, exams are held during the day on a weekday – if you have daytime commitments, you will need to make arrangements for daytime attendance – but some exams are held in the evening. Full timetables are usually available from September onwards and you can access your personalised timetable via your My Birkbeck Profile online .