BP Enforces Stricter Disclosure Rules on Workplace Relationships
New policy mandates all employees disclose intimate relationships, following former CEO's dismissal for misconduct.
- BP's updated policy requires disclosure of all intimate and familial relationships at work, regardless of conflict of interest perception.
- Approximately 4,500 senior managers have a three-month deadline to report past relationships from the last three years.
- Failure to comply with the new rules may result in disciplinary action, including potential job loss.
- The policy revision follows the dismissal of former CEO Bernard Looney for failing to disclose his workplace relationships.
- BP conducted a review of comparable organizations and good industry practices before implementing the new rules.