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WHISTLE BLOWING POLICY
To maintain these standards, the Company
encourages its employees who have concerns
about suspected serious misconduct or any breach
or suspected breach of law or regulation that may
adversely impact the Company, to come forward and
express these concerns without fear of punishment
or unfair treatment.
The Company conducts business based on the
principles of fairness, honesty, openness, decency,
integrity and respect.
It is the Company’s policy to support and encourage
its employees to report and disclose improper or
illegal activities, and to fully investigate such reports
and disclosures.
It is also the policy of the Company to address any
complaints that allege acts or attempted acts of
interference, reprisal, retaliation, threats, coercion or
intimidation against employees who report, disclose
or investigate improper or illegal activities (the
“Whistleblowers”) and to protect those who come
forward to report such activities. Company assures
that all reports will be treated strictly confidentially
and promptly investigated and that reports can be
made anonymously, if desired.
The internal control and operating procedures of
the Company are in place to detect and to prevent
or deter improper activities. However, even the
best systems of controls cannot provide absolute
safeguards against irregularities. The Company
has the responsibility to investigate and report
to appropriate parties, allegations of suspected
improper activities and to take appropriate actions.
Employees and others are encouraged to use
guidance provided by this policy for reporting all
allegations of suspected misconduct or improper
activities.
General Guidance
This policy presumes that employees will act in
good faith and will not make false accusations
when reporting of misconduct . An employee
who knowingly or recklessly makes statements
or disclosures that are not in good faith may be
subject to disciplinary procedures, which may
include termination. Employees who report acts
of misconduct pursuant to this policy can and
will continue to be held to the Company’s general
job performance standards and adherence to the
Company’s policies and procedures.
In case of reports sent through e-mail, it is
recommended to mark the subject as Whistleblower’
for ease of identification.
Although the whistleblower is not expected to
prove the truth of an allegation, he/she needs to
demonstrate to the person contacted that there are
sufficient grounds for concern.
This Policy addresses the commitment of the Company to integrity and
ethical behavior by helping to foster and maintain an environment where
employees can act appropriately, without fear of retaliation.
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PAKISTANOILFIELDS LIMITED