Effective risk management is part of our culture at Botswana Oil Limited (BOL) and this has been achieved by ensuring compliance with internal policies and procedures, applicable laws, regulations, contractual obligations, and stakeholder covenants which is key to sustained and continued growth. Through the Board of Directors and the Finance, Audit and Risk Committee (FARC), Executive Management continually monitor and assess high risk areas and develop strategies and action plans to reduce overall risk exposures which include those related to corruption and bribery.
To this end and in accordance with the Government’s Anti-Corruption Policy, BOL, with the guidance of the Directorate on Corruption and Economic Crime (DCEC) has established a Corruption Prevention Committee (CPC) which is charged with spearheading anti-corruption strategies and initiatives and is responsible for driving the corporate mandate.
The Company has developed an Anti-Corruption Policy which sets out minimum standards for governing anti-corruption and ethical responsibilities across the business and is complemented by a robust Know-Your-Customer (KYC) screening procedure which is a control used in the detection, prevention and disruption of financial crime and sanctions risks.
Reporting Suspected Act(s) of Corruption or Maladministration
Any act or omission suspected to be conducive to, or connected with corruption should be reported to the DCEC Report Centre.
Toll Free: 0800 700 100
Tel: 3914002 (Gaborone) 2416666 (Francistown) 686 2393 (Maun)
Email: reporttodcec@gov.bw
Where the prospective whistle-blower is not sure whether the behaviour being perpetuated is related to corruption they may:
- Call the DCEC Corruption Prevention or Public Education Sections for advice.
- Visit the nearest DCEC Office to seek advice.
- Suspected acts or omissions related to maladministration should be reported to the appropriate level of authority.
- Allegations should be made in writing (letter, email), in person or telephonic (fixed and mobile telephone).
- An employee reporting suspected acts of corruption (allegation) who may wish to remain anonymous is permitted to remain so.