| 04 Sep 2010 |
|
ENOC launches comprehensive 'Code of Business Conduct' for employees
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Outlines values that guide employees at the workplace and beyond
Emirates National Oil CompanyEmirates National Oil Company
Ltd (ENOCENOC) has launched a dedicated 'Code of Business Conduct' for its employees. The document outlines the values to guide every employee of ENOCENOC to enhance efficiency at the workplace. The 'Code of Business Conduct,' supported by an intranet portal and an Ethics Hotline, builds on the Core Values of ENOCENOC - Team Work, Integrity, Transparency, Respect and Customer Focus - that serve as pillars for the company's successful growth. It outlines ENOCENOC's approach towards fair treatment, environment, health & safety (EHS) standards, quality, workplace conduct, conflicts of interest, business courtesies, intellectual property, information use, trademarks and records management, among others.
The document also spells out ENOCENOC's stance on personal behavioural standards, employment of immediate relatives, relationships with customers, anti-corruption compliance, audits, whistle-blowing, fraud and theft
ENOCENOC's Vice Chairman, His Excellency Ahmed Humaid Al Tayer, ENOCENOC Board Members and Senior Managers showed their full support to the 'Code of Business Conduct' by attending the launch which took place at the ENOCENOC headquarters.
Saeed Khoory, Group Chief Executive, ENOCENOC
, said: "The 'Code of Business Conduct' enables our workforce to make a distinct imprint in all the societies we work in, and inspires us to become a socially responsible organisation that encourages team-members to positively contribute to the long-term growth of the organisation." He added: "In today's fast-changing business environment, transparency and strong corporate governance measures are imperative. The Code of Business Conduct reflects our commitment to uphold the highest ethical values at the workplace, and thus benefit all our stakeholders. I would like to thank the different internal departments for their efforts in putting the Code together, especially ENOC GroupENOC Group Internal Audit for taking the lead in the project."
ENOCENOC
staff members have been provided with a 'Code of Business Conduct' booklet - a comprehensive document that covers the entire aspects of the company's operations. It provides a clear direction on the basic values and integrity of conduct expected of all who are working for and on behalf of ENOCENOC. Among the salient aspects of the 'Code of Business Conduct' include insights on ENOCENOC's policy towards sustainable development, the environment and corporate social responsibility initiatives.
To support the implementation of the 'Code of Business Conduct,' ENOCENOC has also constituted a new body, the Business Ethics Committee to sustain a transparent and ethical work environment.
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Established in 1993 as a wholly-owned company of the Government of Dubai, ENOCENOC
aims to promote the interests of its shareholders through the development of further downstream and upstream activities in the oil and gas sector and beyond, and to encourage the economic diversification of Dubai and the rest of the UAE.ENOCENOC's vision is to be a leading regional integrated oil & gas group that is highly profitable and socially responsible towards employees, the community and environment. Driving this vision, ENOCENOC is committed to achieving sustainable development and highly profitable growth and serving the growing energy needs of Dubai.
ENOCENOC strives to attract, develop and retain top talent to become the employer of choice, while adopting latest technologies and implementing best practices to achieve world-class performance. ENOCENOC is also focused on meeting and exceeding customer expectations in terms of quality and service, and in maintaining high industry standards with respect to environment, health and safety.
ENOCENOC actively participates in an increasingly broad range of business ventures. Its joint ventures with major international companies allow partners to pool their technology, know-how and expertise along with their resources to further their commercial success.
Since its inception, ENOCENOC has been guided by its philosophy of quality and professional management based on modern business concepts for commercial success and sustainable growth. Today it is poised to engineer a new and challenging period of growth and diversity.
For further information, please contact:
Mohammed Al Tawil
Sara Hamam
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: +9714 3344550
Email: m.altawil@asdaa.com
Email: s.hamam@asdaa.com
© Press Release 2010
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