Tashkent, Uzbekistan (UzDaily.com) -- One of the most pressing problems in the modern world is the fight against corruption in all spheres. In particular, in order to carry out measures in the oil and gas industry to combat and suppress corruption, as well as based on international experience, the compliance control system is gradually being introduced and improved in the management apparatus and subordinate organizations of Uzbekneftegaz.

Within the framework of the UNDP project "Combating Corruption through Effective, Accountable and Transparent Governance Institutions in Uzbekistan", since November 2019, Uzbekneftegaz has been cooperating with the international auditing company "KPMG", in order to study foreign experience, a number of measures are being taken to introduce a "compliance control" system in "Uzbekneftegaz" and the development of relevant internal regulations.

The Resolution of the President of the Republic of Uzbekistan No. PP-4664 from 4 April 2020 "On priority measures to improve the financial stability of the oil and gas sector" also pays special attention to the compliance control system.

It should be noted that in order to ensure the implementation of this Resolution, by the corresponding order of the Chairman of the Management Board in May of this year, the Department of Financial and Compliance Control was created in the central office of the Company and by Resolution of the Management Board of the Company No. 67 dated 28 September, a corresponding decision was made to create the position inspectors ”exercising compliance control in the organizations and enterprises of the Company. Currently, organizational and methodological work is underway.

The main tasks of compliance inspectors are to implement measures to prevent, identify and eliminate corruption, financial or other risks that negatively affect efficiency, loss of business reputation, protection of employees’ interests and violations of current legislation in all areas of the Company.

Also, together with KPMG, 13 internal regulatory documents were introduced to minimize and prevent corruption risks associated with the business processes of Uzbekneftegaz JSC, and 5 internal regulatory documents were submitted for approval by the General Meeting of Shareholders and the Supervisory Board.

In particular, the Anti-Corruption Policy, the Code of Ethics, the Regulations on the Ethics Commission, on the management of conflicts of interest, on business gifts and business hospitality, on the provision of charitable and sponsorship assistance, on business events and hospitality expenses ”, Instructions“ on checking candidates for work ”,“ on checking contractors ”, Regulations on“ conducting official investigations ”, Methodological instructions“ on organizing anti-corruption training for employees ”, as well as other documents.

At the same time, on the basis of the recommendations of KPMG’s consultants, the existing internal regulations of the Company are being improved and similar measures are taken in the activities of subordinate organizations in the relevant areas of the Company.

It should be noted that the effective implementation of these internal regulations in all areas of the Company’s activities will ensure the prevention of negative consequences that create an environment for corruption risks and the implementation of activities in accordance with the established procedures.

In order to ensure the effective organization of the activities of compliance inspectors, the project continues to conduct regular trainings and information and educational events in order to increase the legal literacy and legal culture of employees, to form an uncompromising attitude towards corruption in the Company.