BP Mandates Disclosure of Office Romances Following CEO Scandal
New policy requires all employees to report intimate relationships, with non-compliance risking termination.
- Employees must disclose any romantic relationships, regardless of conflict of interest concerns.
- New rules prohibit managing relatives or intimate partners within the company.
- Upper management has a three-month deadline to declare relationships from the past three years.
- Former CEO Bernard Looney was dismissed for not fully disclosing his relationships with colleagues.
- BP's shares have underperformed since Looney's departure, prompting stricter conduct policies.