Compliance Update for Channel Partners
Important Compliance News and Updates
Date: August 28, 2024
Dear Valued Channel Partners,
At Baker Hughes, we are committed to maintaining the highest standards of compliance and ethical conduct. As part of our ongoing efforts to ensure transparency and adherence to regulatory requirements, we are pleased to share the latest compliance news and updates.
Key Compliance Highlights:
- New Regulatory Requirements:
- We have updated our compliance protocols to align with the latest regulatory changes effective from October 2023. These changes impact data privacy, anti-corruption measures, and environmental regulations. Please review the updated protocols to ensure your practices are in full compliance.
- Training and Certification:
- We are launching a new series of compliance training programs designed specifically for our channel partners. These programs will cover critical areas such as anti-bribery, export controls, and cybersecurity. Participation in these training sessions is mandatory for all partners to maintain certification.
- Enhanced Reporting Mechanisms:
- To enhance our compliance monitoring, we have introduced new reporting mechanisms that allow for anonymous reporting of any compliance concerns. We encourage all partners to utilize these tools to report any unethical practices or violations.
- Environmental, Social, and Governance (ESG) Initiatives:
- As part of our commitment to sustainability, Baker Hughes has implemented new ESG initiatives. These initiatives focus on reducing carbon footprint, promoting social responsibility, and ensuring governance excellence. We urge our partners to align with these initiatives to promote a sustainable future.
- Compliance Resources:
- We have updated our compliance resources on the Baker Hughes Partner Portal. These resources include updated policy documents, training materials, and contact information for the compliance team. Please ensure that your teams are familiar with these resources.
Stay Informed
Staying informed and compliant is crucial for our mutual success. We appreciate your cooperation and dedication to upholding the highest standards of compliance. For any questions or further information, please contact our compliance team at [email].
Thank you for your ongoing partnership and commitment to ethical business practices.
Sincerely,
The Baker Hughes Compliance Team