Government-private partnership: anti-corruption & anti-bribery practice

Transcription

1 International Business Integrity Conference (IBIC) 2016 Government-private partnership: anti-corruption & anti-bribery practice 1

2 Government-private partnership: anti-corruption & anti-bribery practice Wayne P. Borduin Vice President Finance Jakarta, November 16, 2016

3 Integrity is doing the right thing, even if nobody is watching. Unknown author 3

4 Chevron worldwide One of the world s largest integrated energy companies Over 58,000 employees million BOE daily net production in 2015 Exploration & Production Refining Chemicals 4

5 Chevron indoasia business unit (IBU) Produces over 40% of Indonesia s crude oil production Generates approximately 50% of Indonesia s geothermal energy Chevron Geothermal Philippines Holding Inc. Chevron Malampaya Mak-Ban Field Tiwi Field South Natuna Sea Block B PT. Chevron Pacific Indonesia Oil & Gas Exploration and Production Geothermal PT. Chevron Geothermal Suoh-Sekincau Chevron Geothermal Salak Chevron Geothermal Indonesia Chevron Indonesia Company Chevron Makassar, Ltd Chevron Rapak & Ganal (IDD) 5

6 The chevron way: Guiding our business and core strategies 6

7 The chevron way Vision and values Vision Values To be the global energy company most admired for its people, partnership and performance How does Chevron achieve its vision? By getting results the right way The Chevron Way Our company s foundation is built on our values Integrity Trust Diversity Ingenuity Partnership Protecting People and the Environment High Performance 7

8 Preventative measures for ethical decision making Is it consistent with company policy? Is it legal? Is it consistent with the Chevron Way? Would I be comfortable if it were made public? 8

9 3 steps in implementing anti-corruption / anti-bribery practice Policy Develop and implement strict anticorruption/ anti-bribery policy Program & Tools Develop and implement anti-corruption/ anti-bribery programs and supporting tools Monitoring & Evaluation Monitoring and evaluation The Chevron Way: Integrity 9

10 Step 1: develop anti-corruption/ anti-bribery policy 1. Business Conduct & Ethic Codes, which guide us to fully comply with the law and conduct our business in accordance with the highest standard of honesty and integrity 2. Conflict of Interest, which prohibits employees from engaging in any activities which conflict with Chevron s business; adversely affect Chevron s reputations or relations with others; interfere with the fulfillment of the employee s job responsibilities 3. Foreign Corruption Practice Act (FCPA), a US Government policy which prohibits any offer or payment of anything of value to non-us officials, political parties, political party officials and candidates for non-us public office in order to influence any action or gain any improper advantage for the purpose of obtaining or retaining business 10

11 Step 2: develop and implement anti-corruption/anti-bribery program 1. Manage Internal Control & Compliance Organization under Finance to ensure the Company Policies are understood and executed by all 2. Develop Tools to implement and monitor the compliance programs: Incorporate compliance into employee annual performance agreements Conduct mandatory computer-based training for all employees and contractors, e.g. Business Conduct & Ethic Codes; Conflict of Interest Survey; Foreign Corruption Practice Act/FCPA, Leading with Integrity Establish and maintain a designated Compliance Hotline Conduct face-to-face workshops on FCPA / COI / Compliance for Chevron teams, vendors, and other business partners Secure pre-approval / clearance for any activities involving GOI officials prior to executing the program/activity Establish an Investigation Governance Board (IGB) to follow-up any whistle blowers allegation and implement sanctions to employees/vendors Conduct independent Contractor audits 11

12 Step 3: monitoring and evaluation Employee Performance Agreement Compliance Training Annual Rep Letters Quarterly Compliance Committee Meetings Internal Rated Audits Corporate Reporting Compliance Action Database Complianc e Action Database 12

13 Summary and recommendation Successful anti corruption and anti bribery practice requires: Clear vision and values Clear tone from the top, leading by example Availability of policy, regulation and good governance practice (i.e. establish publish rate on government tariffs) Availability of supporting tools/trainings and anti-corruption preventive system Build strong & transparent alliances with GOI agencies and business sector Consistent implementation and equitable sanction for all parties (government and private business) Transparent, consistent and honest justice system on law enforcement 13

14 Thank you 14