SBM Offshore creates new Management Board position for Governance and Compliance
(Thomson Reuters ONE) -
MR SIETZE HEPKEMA TO BE PROPOSED FOR APPOINTMENT AT EGM
· Creation of Management Board position follows commencement of
compliance review
· Proposed appointee, Sietze Hepkema, has legal experience spanning
three decades, including as Senior Partner, Allen & Overy, The Netherlands
· Mr Hepkema to oversee governance, compliance and legal affairs
worldwide
SBM Offshore N.V. (SBM Offshore or 'the Company') is pleased to announce the
proposed appointment of Mr Sietze Hepkema as 'Chief Governance and Compliance
Officer' as a member of its Management Board, subject to approval by
shareholders at an Extraordinary General Meeting to be held on 27 June 2012. In
the interim, Mr Hepkema will join the Company with immediate effect.
In 2011, SBM Offshore's Management Board launched a review of the Company's
compliance procedures, including its anti-corruption guidelines, and their
implementation. The addition of a Management Board position reflects the
determination of SBM Offshore's new CEO, Mr Bruno Chabas, and of the Supervisory
Board to establish a robust compliance culture throughout the Company.
As part of this review, the Company has recently become aware of certain sales
practices involving third parties and which may have been improper. Outside
counsel and forensic accountants, reporting to both the Management and
Supervisory Boards, have been engaged to investigate these practices thoroughly.
The Company has also taken the necessary steps to terminate any such practices.
SBM Offshore has disclosed its internal investigation to appropriate authorities
and is taking remedial action to enhance its compliance programme.
Mr Hepkema will be responsible for corporate governance and compliance matters
with the aim of ensuring conformity with all applicable laws, policies and
ethical and social standards. Specifically, Mr. Hepkema will have oversight of
the current review with the purpose to ensure that the Company is in full
compliance with all applicable laws and policies. Additionally, he will be
tasked with the management of legal affairs and more particularly the steering
of the ongoing disputes concerning the Company's legacy projects, and the
development and implementation of initiatives on corporate social
responsibility.
Mr Hepkema is a Dutch qualified lawyer and has been a partner with Allen &
Overy. He has over three decades of experience advising companies, specialising
in international corporate law, with a particular focus on corporate governance
and corporate finance. Mr Hepkema was educated at Harvard Law School and the
Erasmus Universiteit Rotterdam and speaks Dutch, English and French.
Bruno Chabas, CEO of SBM Offshore commented on the nomination, "We are delighted
to have secured an individual of the caliber of Mr Hepkema for an essential new
position on our Management Board. The creation of this position, and the
appointment of a world class legal expert in governance and ethics, is a vital
signal to all our partners and customers, of our determination to uphold the
highest standards of governance and compliance throughout the Company".
For further information, please contact:
Sebastiaan de Ronde Bresser
Telephone: (+377) 92 05 85 15
Mobile: (+33) 643 919 312
E-mail: sebastiaan.derondebresser(at)sbmoffshore.com
Website: www.sbmoffshore.com
To see the full version of this press release please click on the link below:
SBM Offshore press release:
http://hugin.info/130754/R/1601020/505441.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: SBM Offshore N.V. via Thomson Reuters ONE
[HUG#1601020]
Unternehmensinformation / Kurzprofil:
Datum: 10.04.2012 - 08:30 Uhr
Sprache: Deutsch
News-ID 133153
Anzahl Zeichen: 4555
contact information:
Town:
Schiedam
Kategorie:
Business News
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"SBM Offshore creates new Management Board position for Governance and Compliance"
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