Hertiage Oil

Business Conduct

Heritage uphold the highest standards of business conduct across all of our operations.

We are resolutely opposed to bribery and corruption in whatever forms they make take and do not participate in, or finance, party politics. Failure to comply with the highest standards of corporate conduct, which is expected by our diverse stakeholders, will impact on our reputation and ability to be viewed as a partner of choice. Good corporate conduct makes sound business sense which guides correct actions and enhances our reputation amongst stakeholders

We recognise the Company can mitigate any disruptive impact through committing to;

  • develop and maintain systems to identify potential risks; 
  • continue to develop policies in accordance with a changing regulatory background; 
  • ensure employees and contractors are aware of procedures; and 
  • instil a sense of accountability amongst all members of staff.

Our Approach

We conduct our activities predominantly in developing countries. Our approach both within these territories and in the parts of the world where we may wish to conduct business in the future, is dependent upon how our relationships are conducted. We are, in particular, resolutely opposed to bribery and corruption in whatever form they may take. Our policies preclude financial support for political parties, require that relationships are conducted with mutual trust and confidence and that suppliers and competitors are treated fairly. We aim to ensure that this fundamental aspect of our business extends to all of our relationships with our host governments and local authorities, suppliers, customers, business partners, employees, contractors and other key stakeholders.

The Company has whistle-blowing procedures and systems that are reviewed regularly. These aim to ensure that employees and other parties connected with the Company have the opportunity to confidentially report breaches of business conduct policies. Details of these procedures are available to all of our employees at all of our offices. The Chairman, CEO or Chairman of the Audit Committee receive any reports and are responsible for their follow-up. The outcomes of these instances are reported to and monitored by either the Audit Committee or the Board.