Our compliance program consists of a rigorous, customized system of corporate governance. The program requires all employees to comply with the law; the company's core values of integrity, teamwork, performance, and learning; and our business code of conduct. We specifically focus on legal compliance, financial compliance, and health, safety, and environmental compliance, all of which are well defined and communicated throughout the company.
Highlights of our compliance program include the following:
- Comprehensive employee training programs covering substantially all employees
- Internal policies regarding such areas as facilitating payments, travel, entertainment, and gifts and charitable donations connected to non-U.S. government officials etc.
- A compliance council that is comprised of compliance officers and senior representatives of the Ethics & Compliance Group
- A special compliance committee composed of the chief compliance officer and the chief financial officer
- Compliance monitoring and reporting are handled electronically
- A whistleblower program encourages reporting of any ethics or compliance matter without fear of retaliation and includes a worldwide business helpline
- Significant reduction of business with a number of non-U.S. commercial agents
- A risk-based compliance due diligence procedure for processing and approving professional agents
- A centralized human resources function including creating consistent standards for pre-hire screening of employees
For an in-depth description of our Compliance Programs, please see this excerpt from our Form 10K.
The C-squared symbol is a reminder that all Baker Hughes employees play a key role in conducting business ethically, legally and safely around the world.
Our Business Code of Conduct gives broad guidelines for the kind of ethical behavior expected of employees.
We are committed to maintaining a strong system of internal controls and an environment that supports them.
Baker Hughes is a responsible corporate citizen. We are committed to the health and safety of people and the protection of the environment.
All Baker Hughes employees are required to conduct company business in strict compliance with all applicable laws and regulations.
Baker Hughes operates in approximately 55 of the 112 countries identified in the 2009 Transparency International Corruption Perception Index (CPI) with a score of 4.0 or less.