Speak Up is our telephone, email and web-based independently managed whistle blowing service enabling anybody who has concerns to report anonymously suspected breaches of our Code of Conduct.
We have worked hard to make sure that all employees know how to raise, in confidence and in their preferred language, potential breaches of our Code of Conduct. We have a non-retaliatory policy for those who raise issues of concern in good faith.
We see the fact that the number of potential breaches reported has increased over the last two years as a positive sign that everyone involved with Petrofac is more aware of the requirements of the Code, the issues that can be raised through Speak Up and of our non-retaliatory policy. More importantly, we feel confident that they feel they can raise issues without fear.
We continue to encourage everyone involved with Petrofac to raise any potential breaches of our Code by Speaking Up.
The Compliance and Ethics Committee oversees our Speak Up programme, and is also responsible for our broader whistleblowing policy. Under our Code of Conduct, any alleged breaches of the Code must be reported to the Committee. The Committee will liaise with the Audit Committee if the alleged breach is of a financial nature.
All whistleblowing investigations are governed by a protocol which has been jointly developed by Group Compliance, Legal, HR and Internal Audit. As part of the new Group Compliance structure, we have a dedicated resource available to assess and investigate all Speak Up claims which relate to a potential breach of our Code of Conduct. Reported breaches are reviewed and assessed to determine what further investigation is warranted and to ensure that appropriate action is taken.
Read more about our approach to whistleblowing at the end of our Corporate Responsibility report.