This oil company has asked its employees to reveal their intimate relationships with colleagues

Oil giant BP has implemented stricter rules on workplace relationships following the dismissal of its former CEO, Bernard Looney, for failing to disclose details about his personal relationships with colleagues.
New Policy Requirements
Under the updated conflict of interest policy, senior managers at BP are now required to report any intimate relationships that have taken place with colleagues in the last three years. This policy change aims to ensure transparency and prevent conflicts of interest within the company.
Disciplinary Action for Non-Compliance
Employees who fail to adhere to the new rules may face disciplinary action, including potential dismissal. BP has asked approximately 4,500 staff at managerial level to submit reports on any relationships, regardless of whether they believe they represent a conflict of interest. The company has given a three-month grace period for employees to make these reports.
Background on Bernard Looney’s Dismissal
Bernard Looney, the former CEO of BP, was dismissed in December 2023 for “serious misconduct” related to his failure to disclose workplace relationships. He had to forfeit millions of pounds in share allowances and bonuses as a result. The investigation into Looney’s relationships began in 2022 following an anonymous tip-off, and subsequent allegations prompted a further review by the board.
Comparison to Previous Policy
Previously, BP employees were only required to disclose and record family or intimate relationships at work if they believed there could be a conflict of interest. The new policy now mandates the disclosure of all familial and intimate relationships without exception.
Rationale for the Policy Change
BP’s decision to update its conflict of interest policy was influenced by comparable organizations and good industry practice. The company recognizes the influence that leaders have and aims to ensure that their behavior is respectful and professional at all times.
Importance of Reporting Relationships
The updated policy emphasizes the importance of reporting relationships between managers and employees, as such relationships can create risks around confidentiality and fairness. By requiring disclosure, BP aims to maintain a transparent and ethical work environment.
Conclusion
BP has tightened its rules on workplace relationships, requiring senior managers to report any intimate relationships with colleagues in the last three years. Failure to comply with the new policy may result in disciplinary action, including potential dismissal. The company’s decision to update its conflict of interest policy reflects its commitment to transparency and maintaining a professional work environment.