Abu Dhabi Oil Corporation
has clear policies
in place to ensure
that conflicts of
interest are avoided
on all levels; these
policies also apply
toAbu Dhabi Oil Corporation’s
Board of Directors.
In addition, all of
Abu Dhabi Oil Corporation’s
contracts and
agreements are
required to contain
conflict-of-interest
clauses.
In 2011, no incidents of non-
compliance arose across any
corporate function, including
financial fines or non-
financial sanctions. There
were nobreaches of integrity
by contractors that led to
any terminationof contracts,
and all business unitswere
covered inDolphinEnergy’s
annual risk assessment,
which includes an analysis of
corruption. In 2012, Dolphin
Energy plans todevelop
aCorporate Investigation
Policy and a FraudControl
Policy after a fraud scenario
analysis is conducted.
