Bp Ethical Issues - 1630 Words

1. Originally, an Ethics and Compliance team was formed to monitor the formation and operation of the company guidance towards ethical issues in BP’s company. Just like to set up a communication consistent standard for all the employees of BP for different location, culture and language. Originally, this is a good way to guide the company staff to maintain company standard and reputation. But the code did not effectively address specific high-risk activities for the scope of daily operations. It was quite reasonable because at the very beginning stage of drafting the related guidelines, not every experience or assumed circumstancs were fully considered in the daily operations. Unfortunately, after the spill happened, several reports have†¦show more content†¦Many reports said that the spill was a result of BP poor risk management. Risk management is the continuing process to identify, analyze, evaluate, and treat loss exposures and monitor risk control. It is founded at the top set by executives who support a corporate culture that raises awareness about key risks and to handle them throughout the organization. In BP’s case, while the CEO called for increased risk management, he never delivered. The company operated for cheaper and easier solutions in order to save the time and less the cost. Senior BP only focus on infractions that were highly likely with lower impacts with hardly any consideration of less likely, high impact risks. Working as a global corporation, internal communication is the most critical point to monitor and ensure the proper functions and efficiency on different aspects in operations. Unfortunately, the internal checking and auditing processes were found ineffective by the employers who feared of losing their jobs for raising safety concerns. Although, after the explosion, BP had immediately sent submarine robots down onto the seabed, hope can solve the damage of the explosion. Due to the poor risk management, bad guideline and communication, BP has sent a conflict messages out. In the Deepwater Horizon oil spill, one of the BP staff has formally annoused to the media that they had re-activated a failedShow MoreRelatedThe Ethical Issues Of Bp3305 Words   |  14 PagesIntroduction BP, formerly known as British Petroleum, is the third largest oil and gas producer in the world, producing almost 3.8 million barrels per day. BP was founded in 1908 by William Knox D’Arcy in London, United Kingdom. The company operates worldwide in several sectors of the oil and gas industry such as generating low carbon energy, moving oil and gas, and off and onshore oil and gas extraction (BP, 2014). However, the offshore Deepwater Horizon oil spill that happened on April 20th, 2010Read MoreEthical issues of BP Essay852 Words   |  4 PagesBP has had a long history of ethical and legal violations because BP chose to put profits above all else. 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