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Shell plc
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=== Conduct and culture risks === Shell is exposed to regulatory and conduct risk in its trading operations.<ref name=":0" /> Violations of antitrust and competition laws carry fines and exposes the company and/or its employees to criminal sanctions and civil suits.<ref name=":0" /> Violations of anti-bribery, tax-evasion and anti-money laundering laws carry fines and exposes the company and/or its employees to criminal sanctions and civil suits.<ref name=":0" /> Violations of data protection laws carry fines and exposes the company and/or its employees to criminal sanctions and civil suits.<ref name=":0" /> Violations of trade compliance laws and regulations, including sanctions, carry fines and exposes the company and its employees to criminal proceedings and civil suits.<ref name=":0" /> As a multinational company operating in multiple jurisdictions and with multiple governments, Shell must comply with a multitude of anti-corruption laws, such as the Foreign Corrupt Practices Act (FCPA) in the US and the UK Bribery Act. Non-compliance or unethical practices can lead to significant legal and reputational risks, which can have long lasting effects on the company. The increase in regulation of greenhouse gas emissions worldwide is an important policy that Shell must follow closely. Operating in dangerous sectors such as the petroleum industry means that Shell may face lawsuits or regulatory investigations focused on different aspects of its business/operations, including environmental impact, safety incidents, or antitrust violations. This can result in financial penalties, damage in reputation and disruptions in worldwide operations. The recent incidents in its Nigeria-based operation where there is not only added such as: security issues surrounding the safety of its people, host communities and operations; sabotage and theft; and the company's ability to enforce existing contractual rights. Further, the risks include litigation; limited infrastructure; potential legislation that could increase the company's taxes or costs of operations; the impact of lower oil and gas prices on the government budget; and regional instability created by militant activities. Moreover, the Nigerian government is contemplating new legislation to govern the petroleum industry which, if passed into law, could likely have a significant adverse impact on Shell's existing and future activities in Nigeria.
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