Our Board of Directors (Board) plays a fundamental role in the leadership and governance of the Company. The Board oversees our operations and business affairs in an honest, fair, diligent and ethical manner driven by sound corporate governance principles and a commitment to corporate responsibility. The Board’s Governance guidelines are described in our annual proxy statement and other policy documents found on this page.
The Board has four standing committees. Committee assignments can be found on our Leadership page and are listed in our annual proxy statement.
Ethics and Compliance
We have a reputation for conducting our business with honesty and integrity. Our Code of Business Conduct and Ethics (Code) is a testament of our commitment to these principles. Newfield has always believed in playing by the rules and doing the right things in our day-to-day business. The Code addresses these standards and provides guidance on Newfield’s expectations.
We continue to emphasize the importance of ethics and compliance through several company-wide awareness programs conducted for our employees. This past year, every employee completed the Code of Conduct recertification. We addressed 16 important topics during annual training, National Corporate Compliance and Ethics Week and various email campaigns including:
- Insider trading
- Conflicts of interest
- Social media
- Proper use of company assets
- Careful communication
- Ethical Issues
- Respectful workplace
- Protecting confidential information and company reputation
- Gifts and entertainment
- Safety, security and crisis response
- Accounting and financial integrity
- Promoting diversity and avoiding discrimination
- Avoiding bribery and corruption
We regularly supplement our compliance activities to focus on specific risk areas. Over the past year, we stressed the Code’s ban on bribery and corruption, and provided training for our international staff. In addition, quarterly reminder communications and processes designed to prevent bribery and corruption were furnished to our international employees.
Employees are encouraged to report concerns about any possible violations of laws, rules, ethics or the Code to any manager, human resources representative or officer within the Company. We complement this open door approach with our 24/7 Ethics Line, operated by a third party, for employees and others to report any suspected legal, regulatory or Code violations anonymously.
The Ethics Line also can be used to make concerns known to our non-management directors (members of Newfield's Board of Directors who are not Newfield employees) on a direct and confidential basis. Visit the Ethics Line website or call 866-593-5936.