ENOC to raise bar on ethics & compliance governance through Thomson Reuters partnership

Business

ENOC to raise bar on ethics & compliance governance through Thomson Reuters partnership

Emirates National Oil Company (ENOC) has signed an agreement with Thomson Reuters to establish an eLearning suite training programme on principles and compliance for its staff to reinforce their ability to engage with real-life scenarios of ethical finest practices within the extremely controlled oil & gas market. The agreement was signed at ENOC head office in the presence of H.E Saif Humaid Al Falasi, CEO of ENOC Group; and Nadim Najjar, Managing Director Middle East & North Africa, Thomson Reuters.

The arrangement was signed following a see by ENOC's senior delegation to Thomson Reuters' in London, to commemorate the long-standing company relationship between both entities.

The eLearning modules offer practical and interactive solutions to support a culture of stability built on the principles of the Group's Code of Business Conduct. The Code is concentrated on offering a clear insight and understanding of the corporate values, duties, obligations and ethical ambitions of ENOC, both to its employees, its partners and stakeholders. The collaboration likewise highlights ENOC's continuous dedication to human capital development within the organisation.

The eLearning programmes will permit ENOC to provide a 'Conflicts of Interest' video; a Fraud Awareness course, and a game-based course which will showcase numerous situations to educate personnel on how best to handle ethical situations with references from ENOC's Code of Business Conduct. Training on other emerging ethical topics will likewise be introduced as part of the eLearning suite.

H.E Saif Humaid Al Falasi, CEO of ENOC Group, discussed the brand-new statement: "Our partnership with Thomson Reuters will have a favorable effect on our valued staff. The combined efforts of ENOC's Group Business Ethics and Compliance and Human Resources concentrate on fostering skill, permitting them to acquire, develop and keep skills-sets and behaviours to help fulfil specific career objectives and organisational business goals, while preserving highest standards of ethical business practices.

"In line with the focus on Emiratisation, advancement of our human capital is a key top priority and it is our company's commitment and group strategy to ensure that the continued advancement of proficient, experienced, engaged, and empowered human capital is sustained. We have also instilled high levels of honesty throughout our operations through the introduction of the Code of Business Conduct. We feel that our partnership with Thomson Reuters to launch eLearning modules that concentrate on company ethics look like building blocks of ethical business practices that will enable us to attract not just the best of talent, however construct even more powerful bridges with our partners and stakeholders.".

ENOC has actually invested numerous development efforts across the group companies, ranging from recognized Behavioural Skills programs particularly designed to establish proficiencies as per the ENOC practical and behavioural proficiency model, to a Sales Academy in Marketing and Safety Leadership Initiatives. Every year an average of over 1,000 staff members are trained within the ENOC business training centre, with over 4,000 in the Retail Training Centre.

Nadim Najjar, Managing Director, Middle East and North Africa, Thomson Reuters, included: "The usage of online training and 'Game' based innovation as part of a compliance programme is ending up being more prominent within the MENA region. We are happy to partner with ENOC to provide professional Ethics and Compliance courses for the development of staff at all levels. We believe that knowing is an evolving process and a key driver of any company's development. The new programme focuses on reinforcing the staff members' capability to engage with a situation and make the ideal decision, developing a strong understanding of ethical finest practice within a highly regulated world.".

ENOC has a corporate training and advancement centre which offers a vast array of services consisting of profession advancement & coaching, competency advancement, and National Development Programmes. Since 2010, over 200 UAE Nationals have participated in National Development Programmes, of which 25 % have actually been provided to higher positions and 15 % involved in lateral career moves.

The National Development Programme at ENOC covers a variety obviously for non-graduate UAE nationals in technician, operator and site in-charge positions; a graduate development programme for supervisory level and individual contributors, another for gifted nationals who are at managerial levels and an executive management program.