As an international provider of oil & gas, power and environmental-related services, Jereh operates in countries with different values and legal systems. Therefore, compliance is crucial at Jereh. In our business conduct, we must comply with all applicable laws, rules and regulations. Within the group, all employees are obliged to act in accordance with the rules defined in the code of conduct. We also take care to ensure the law and our high internal standards are complied with. We expect the customers and partners who share our values and standards of conduct.
Jereh will conduct all business transactions in a proper, fair and impartial manner. The Compliance Committee supports Jereh’s employees in avoiding non-compliance and the risks by providing targeted information, legal advice and regular training.
- Establish International Business Compliance Department (“IBCD”), which reports directly to the Chief Law Officer of Jereh Group. IBCD is responsible for the investigation and verification of the Group’s business transactions in regards to compliance and authorized to suspend any potential non-compliance.
- Establish Compliance Committee. Each department, business unit, subsidiary and sub-group has a compliance representative and the leaders of these organizations are the primary responsible personnel who have signed the Compliance Undertaking Letter.
- Retain a world’s top law firm, Hogan Lovells US LLP, to build comprehensive compliance policies and procedures, including a series of regulations targeting at global transactions and specific countries.
- Apply IT-based auto screening procedures as well as effective scrutiny of products, uses, users and destinations of related transactions.
- Implement comprehensive compliance control in procurement, sales, finance, law, logistics, after sales, customer visit, business travel, visa application, etc.
- Organize compliance trainings and tests for all the relevant employees. Compliance training is also included during corporate culture training for new hires in order to enhance compliance awareness and cultivate a good compliance culture.
- Conduct compliance risk assessment of export control regularly and audit the Group’s compliance policies and procedures.
- Employees may report to their compliance representatives or the IBCD if any possible non-compliance is identified.