Basic HTML Version
CODE OF CONDUCT
Pakistan Oilfields Limited
will support a precautionary
approach to environmental
challenges, within its sphere of
influence, undertake initiatives to
promote greater environmental
responsibility
• The Company’s activities and operations
will be carried out in strict compliance with
all applicable laws and the highest ethical
standards. The directors and employees will
ensure that the Company deals in all fairness
with its customers, suppliers and competitors.
• Employees, irrespective of their function,
grade or standing, and the directors must
avoid conflict of interest situations between
their direct or indirect (including members of
immediate family) personal interests and the
interest of the Company.
• Employees must notify their direct supervisor
of any actual or potential conflict of interest
situation and obtain a written ruling as to their
individual case. In case of directors, such
ruling can only be given by the Board, and will
be disclosed to the shareholders.
• The directors and employees may not take
advantage of the Company’s information or
property, or their position with the Company,
to develop inappropriate personal gains or
opportunities. They may, however, receive
gifts of token value or accept invitations only
if such gifts or invitations have no influence on
their decision making and are not illegal under
any applicable law. No director or employee
may receive from any customer, supplier
or business associate of Pakistan Oilfields
Limited cash, gifts or invitations with other
than nominal monetary value.
• Trading by directors and employees of the
Company in Pakistan Oilfields Limited shares
is possible only in accordance with the more
detailed guidelines issued from time to time
8
PAKISTANOILFIELDS LIMITED