Wood Group - Wood News - Wood Group ethics policy, a must for maintaining integrity

Wood Group ethics policy, a must for maintaining integrity

Wood Group People

 

The increase in corporate corruption scandals in recent years and the impact of the credit crunch is imposing even greater pressures on businesses operating within these challenging economic conditions. What is Wood Group doing to address this issue?

"We must rely on the strength of our people, products and services and provide systems and procedures to prevent illegal or unethical practices to develop our business."

Allister Langlands, chief executive

The Objectives
To ensure that Wood Group companies and Wood Group personnel (including contractors, consultants and agents retained by Wood Group) comply with all laws and regulations, conduct all business activities with integrity and maintain and protect the reputation of Wood Group.

What is expected?
Wood Group personnel are expected to perform work with honesty and integrity and comply with all applicable laws in the course of their business activities. Wood Group prohibits all forms of illegal or improper payments including "facilitating or greasing" payments in exchange for favors or business advantages.

Gifts and Entertainment
Gifts and entertainment whether given or received by Wood Group personnel must be approved in advance by senior management and may be recorded on a register.

"Our aim at Wood Group is to maintain and build upon our strong and well-established reputation for integrity."

Dominic Sheils, compliance counsel

Wood Group personnel must report suspected or actual violations of the policy. Wood Group companies will ensure that personnel will not suffer retaliation or retribution for reporting concerns in good faith. Concerns can be reported to the Wood Group legal department or via the ethics helplines or email.

Wood Group Ethics Helplines
UK Tel. No: + 44 1224 851748
US Tel. No: + 1 281 828 3575
Asia Pacific Tel. No: +65 6500 9994
Spanish speaking Tel. No: +1 281 828 3576
Email: business.ethics@woodgroup.com