Our Code of Ethics sets out the corporate values and behaviours expected of employees when performing their duties. Supporting the code is the Statement of Business Ethics which sets out the business principles for our dealings with suppliers. These documents, which were updated to reflect our revised values in 2010–11, are available on our website.
The Board and Executive Leadership Team demonstrate commitment to prevent, detect, investigate and respond to fraud and corruption through the monitoring and reporting of initiatives in the company’s Fraud and Corruption Control Plan. Building on the progress made with the delivery of initiatives from the 2009–2010 Plan, the Fraud and Corruption Control Plan was updated and endorsed by the Executive Leadership Team and approved by the Audit and Business Risk Board Committee in July 2010.
A key initiative in this plan is the delivery of a five-year Ethics Communication and Engagement Strategy. The strategy was developed to make Endeavour Energy’s corporate values meaningful to employees in their everyday work, to encourage a culture of personal accountability for behaviour and to provide tools to apply in ethical dilemmas.
The Year 2 Program (2010–11) of the strategy included the training of 160 leaders to deliver ethics awareness sessions to employees. Over 95% of employees attended the leader-led sessions. Those unable to attend studied an e-learning module.
Two senior managers were awarded ICAC scholarships to attend the 2010 Corruption and Anti-Corruption Executive Program run jointly by the Australian National University and the ICAC, and to complete projects aimed at building an ethical workplace.
One project developed an Ethical Leadership Module to equip leaders with fraud and corruption prevention tools and supervision techniques that will help them identify fraud risks and fraudulent behaviour. Another, which was featured in ICAC’s May 2011 Corruption Matters publication, focused on a refresh of the organisation’s Statement of Business Ethics, and a review of fraud and corruption prevention in the procurement process.
The Year 3 Program (2011–12) of the strategy is currently being finalised.