Repsol YPF

Ethics and Conduct Regulation

Since it was approved in 2003, the Ethics and Conduct Regulation (PDF 178 Kb) of Repsol YPF has guided the conduct of company personnel, irrespective of their position or location. It addresses such issues as respect for ethical principles and local cultures and laws. The Board of Directors also approved the constitution of an Ethics Committee to ensure that the Regulation is circulated and respected within the organisation.

On 14 June 2007 the Ethics Committee approved an extensive internal communications plan, the Rollout Plan for the Repsol YPF Ethical Framework, to ensure adequate disclosure and awareness of the Ethics and Conduct Regulation among all employees. The central objective was to emphasise that compliance with the Regulation is obligatory for all staff and also to establish the Ethics Committee as responsible for overseeing compliance. 

The Ethics Committee, monitoring the Regulation

In April 2006 the Repsol YPF Board of Directors approved the constitution of the Ethics Committee to help ensure that all employees are aware of the Ethics and Conduct Regulation. The committee is responsible for overseeing publication of the Regulation within the organisation and compliance therewith, and was formally set up on 4 December 2006, the date of its first meeting.

The Ethics Committee delegates the functions of its members, while their appointment and replacement is the responsibility of the Executive Committee.

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