05:46 AM EDT, 06/10/2024 (MT Newswires) -- BP (BP) has updated its personnel and ethics policies in the wake of the departure last year of Chief Executive Bernard Looney last year for failing to disclose relationships with employees.

The new policy bars employees from directly or indirectly managing relatives or those with whom they are in intimate relations. It also requires all employees to disclose intimate relationships with colleagues.

"Familial and intimate relationships at work can constitute a conflict of interest," the company said in a statement to MT Newswires. "Employees were previously required to disclose and record such relationships if they felt there could be a conflict of interest. Now they are required to disclose intimate relationships at work, whether or not they feel they represent a conflict of interest."

Senior company officials numbering 4,500 have three months to disclose any intimate relations they have had with colleagues over the last years.

"Non-compliance with the policy could result in disciplinary action," the company said.

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