Ethical misconduct and non-compliance – ethical misconduct or
breaches of applicable laws by our businesses or our employees could be
damaging to our reputation and shareholder value.
Incidents of ethical misconduct, non-compliance with the
recommendations of the ethics monitor appointed under the terms of the
DoJ settlement or non-compliance with applicable laws and regulations,
including anti-bribery, anti-corruption and anti-manipulation laws and trade
or other sanctions, could be damaging to our reputation and shareholder
value and could subject us to litigation and regulatory action or penalties
under the terms of the DoJ settlement or otherwise. Multiple events of
non-compliance could call into question the integrity of our operations.
For example, in our trading functions, there is the risk that a determined
individual could operate as a ‘rogue trader’, acting outside BP’s
delegations, controls or code of conduct and in contravention of our values
in pursuit of personal objectives that could be to the detriment of BP and
its shareholders.
For certain legal proceedings involving the group, see Legal proceedings
on page 257. For further information on the risks involved in BP’s trading
activities, see Treasury and trading activities below.
Ethical misconduct and non-compliance – ethical misconduct or
breaches of applicable laws by our businesses or our employees could be
damaging to our reputation and shareholder value.
Incidents of ethical misconduct, non-compliance with the
recommendations of the ethics monitor appointed under the terms of the
DoJ settlement or non-compliance with applicable laws and regulations,
including anti-bribery, anti-corruption and anti-manipulation laws and trade
or other sanctions, could be damaging to our reputation and shareholder
value and could subject us to litigation and regulatory action or penalties
under the terms of the DoJ settlement or otherwise. Multiple events of
non-compliance could call into question the integrity of our operations.
For example, in our trading functions, there is the risk that a determined
individual could operate as a ‘rogue trader’, acting outside BP’s
delegations, controls or code of conduct and in contravention of our values
in pursuit of personal objectives that could be to the detriment of BP and
its shareholders.
For certain legal proceedings involving the group, see Legal proceedings
on page 257. For further information on the risks involved in BP’s trading
activities, see Treasury and trading activities below.
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