EXTRACT FROM ROYAL DUTCH SHELL BUSINESS PRINCIPLES
Principle 3 Business Integrity
Shell companies insist on honesty, integrity and fairness in all aspects of our business and expect the same in our relationships with all those with whom we do business. The direct or indirect offer, payment, soliciting or acceptance of bribes in any form is unacceptable. Facilitation payments are also bribes and should not be made.
EXTRACT FROM DAILY TELEGRAPH ARTICLE “SHELL TO PAY $48m NIGERIAN BRIBE FINE”
These companies, including Shell, admitted they approved of or condoned the payment of bribes on their behalf in Nigeria and falsely recorded the bribe payments made on their behalf as legitimate business expenses in their corporate books, records and accounts.