By: The Ethisphere Institute
In our latest BELA Executive Ethics and Compliance forum, co-hosted by Houston-based Noble Energy, we gathered more than a dozen compliance executives from top-performing companies to talk about how automation could help drive overall performance.
Held at Noble Energy, a global independent oil and natural gas exploration company, the event featured C-level executives, directors, compliance and ethics professionals representing a diverse set of industries, including, Baker Hughes, Calpine Corporation, CenterPoint Energy Inc., Hewlett-Packard Company, Petco Animal Supplies, Inc., Quanta Services, Inc. and Weatherford International.
John Sardar, Chief Compliance Officer, Noble Energy highlighted how automation can make ethics and compliance simple, yet effective. During his presentation at the BELA roundtable, Sardar shared the company’s interactive Code of Conduct, which underscores Noble Energy’s commitment to the highest standards of ethics and integrity. Moreover, he provided insights into how the natural gas exploration company uses technology to create a streamlined approach to the annual Code of Conduct certification and Conflict of Interest disclosure process.
“These roundtable events we host with the BELA community continue to serve as a platform for high-profile companies to gather and share best practices while conducting some informal benchmarking,” said Jonathan Whitacre, EVP, Ethisphere Services. “At this latest roundtable at Noble Energy, we had a great group of compliance officers and executives from the energy sector—all contributing to the conversation.”
Discussion topics also included how to reduce compliance costs without increasing risks through the use of cost-effective technologies and leveraging in-house resources. Ryan McConnell, former federal prosecutor and Partner, R. McConnell Group PLL touched on some key issues, such as the importance of deputizing compliance employees in the company in an effort to save money and make the best of available resources.
“The BELA Roundtable discussion was a great opportunity for experienced compliance leaders in a variety of industries to provide insight into what works for their compliance programs,” said McConnell. “We often stress the importance of compliance showing the business how they add value and make the company better and one way to do this is by showing the business how compliance saves them money while effectively mitigating risk.”
Ethisphere’s Business Ethics Leadership Alliance (BELA) was created to capture, codify and communicate leading practices throughout the community. For more information, click here.
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