4.7Compliance

SBM Offshore does not tolerate corruption, violation of trade sanctions, anti-money laundering or anti-competition laws, or any other illegal or unethical conduct in any form by anyone working for or on behalf of the Company.

Integrity and compliance form the backbone of SBM Offshore’s license to operate and instills trust in our stakeholders. It provides a strong foundation for rebuilding reputation and ensures that it conducts business responsibly. Everyone working for or on behalf of SBM Offshore must embrace and act in accordance with its core values (see chapter 1.3). The compliance program aims to guide the Company’s leadership team in applying its moral compass and strengthen the management control system to achieve that commitment.

SBM Offshore is committed to complying with all applicable laws and regulations: the Company’s Code of Conduct and other internal rules and regulations.