Our approach to governance is based on transparency, integrity, safety and fairness, inside and outside the business.

John P Murphy, Company Secretary and General Counsel

Business ethics and conduct

We conduct our business in a transparent, honest and professional manner, guided by our five values.

Our values are lived and breathed by our people every day, in everything we do. This means behaving with the utmost respect and integrity towards everyone we work with and work for – be that our customers, our peers, our supply chain, members of the public or ourselves.

We have set down the standards we expect in the Murphy Code of Conduct, and this applies to everyone – internally, and externally to all our suppliers – at all our locations throughout the world. Additionally, every colleague must complete our Code of Conduct e-learning module when they first join the business, followed by refresher training every two years.

 

Key documents

Risk managements and internal controls

The Executive Risk and Opportunity Committee (EROC), which is a subcommittee of the Group Executive Committee, is responsible for reviewing and monitoring the principal risks which face the business. In 2023, the EROC met four times during the year and reviewed the Principal Risks Register, which is maintained by the Group Head of Internal Audit.

Fraud Bribery and Corruption

We are committed to conducting our business in a fair and ethical way and therefore take a zero-tolerance approach to fraud, bribery and corruption. It is a subject that needs sharp clarity, so our AntiBribery and Corruption Policy explains to our people and our suppliers what constitutes bribery, and illustrates it with examples of red flags. If anyone has suspicions or evidence of wrongdoing, we urge them to report it using whichever channel they prefer: to their line manager, the Compliance Manager or confidentially and anonymously via a phone line and website administered by the independent agency Safecall.

Anti-slavery

Modern slavery is increasing in the construction industry, with many victims trafficked from abroad against their will, and for little or no pay. Whether in the form of servitude, forced and compulsory labour or human trafficking, it is a crime and a violation of fundamental human rights. Murphy prohibits any form of modern slavery. Our Anti-Slavery Policy reflects this commitment and we implement and enforce controls to ensure it does not take place anywhere on our sites, or in our supply chains.

 

Privacy

We respect everyone’s privacy and ensure we comply with data protection legislation. We only collect and retain personal data to the extent that it is reasonably necessary for the legitimate interests of running the business. We also recognise that it is essential to manage personal data correctly to maintain confidence in the business.

We take steps to ensure that the data we hold is accurate and up-to-date, and that it is protected from the time we collect it through to its final deletion. Our Data Protection Governance working group keeps up to speed with individual data protection rights, continually reviews our approach and makes changes as required. Any suspected data breach is thoroughly investigated and we take any necessary action to prevent reoccurrence.

Conflicts of interest

Murphy has a Conflicts of Interest Policy and monitoring programme to avoid any conflicting interest that might undermine trust between Murphy and its stakeholders. To this end we maintain a register of potential conflicts of interest. Any colleague whose role exerts influence over decision making must declare any potentially conflicting interest, on an annual basis.

 

Whistleblowing

Doing the right thing is central to our ethos at Murphy, and we want to address any concern if something needs our attention. In addition to illegality such as corruption and modern slavery mentioned above, we have zero tolerance of a range of issues ranging from bullying, discrimination and unfair treatment, to commercial wrongdoing and actions that could endanger safety.

Our Group Whistleblowing Policy governs this process and we urge every colleague to report any suspicion or concern to their line manager, Compliance Manager or our independent provider Safecall. They can do this without any fear of repercussion, even if they turn out to be mistaken.