Petrofac To Establish ‘Compliance And Ethics Board’ Amid Ongoing Fraud Probe

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Oilfield services provider Petrofac has established a new compliance and ethics committee of the board amid an investigation by the UK’s Serious Fraud Office (SFO). The company explained on Wednesday that this committee will be responsible for overseeing its compliance and ethics program, as well as the continued monitoring of the effectiveness of the company’s code…

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