Leadership and people
Board and senior leadership
The starting point of our ethics and compliance programme is our Board and senior leadership.
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. The Committee, chaired by George Pierson, member of the Board since 2016 and a former lawyer, organises quarterly meetings attended by key corporate leaders – Group General Counsel, Chief Compliance Officer, Head of Investigations, Head of Internal Audit and others. 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.
Our new senior leadership team has worked hard to enhance the corporate compliance programme and to institutionalise this within the company’s culture.
Supporting the cultural shift
Our people in key roles across the business are empowered and qualified with more direct lines of communication to senior management.
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. Leadership engagement is at the centre of our programme, and our leaders are driving its implementation.
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.