The OEG Group values its reputation and is committed to maintaining the highest level of ethical standards in the conduct of its business affairs. The actions and conduct of the company’s staff as well as others acting on the company’s behalf is a key driver to maintaining these standards.
The Bribery Act 2010 was introduced to update and enhance UK law on bribery including foreign bribery in order to address better the requirements of the 1997 OECD Anti-bribery Convention. It is now among the strictest legislation internationally on bribery. Notably, it introduces a new strict liability offence for companies and partnerships of failing to prevent bribery & corruption.
The introduction of this new corporate criminal offence places a burden of proof on companies to show they have adequate procedures in place to prevent bribery. The Bribery Act also provides for strict penalties for active and passive bribery by individuals as well as companies.
Resources and training
It is OEG Group policy to conduct its business in an honest and ethical manner. OEG takes a zero-tolerance approach to bribery and corruption and is committed to acting professionally, fairly and with integrity in all of its business dealings and relationships wherever OEG operates. We provide policy awareness training and enhanced training where necessary to ensure that we have adequate procedures to prevent bribery.
We are committed to the prevention, deterrence and detection of bribery and corruption. We aim to maintain anti-bribery compliance “business as usual”, rather than as a one-off exercise.
To request a copy of OEG's Anti-Bribery and Corruption Policy please email: qhse@oegoffshore.com