Page 10 - Pakistan Oilfields Limited - Annual Report 2021
P. 10
CODE OF CONDUCT
Pakistan Oilfields Limited • The Company’s activities and operations
will support a precautionary will be carried out in strict compliance with
all applicable laws and the highest ethical
approach to environmental standards. The directors and employees will
ensure that the Company deals in all fairness
challenges, within its sphere of with its customers, suppliers and competitors.
influence, undertake initiatives to • Employees, irrespective of their function,
promote greater environmental grade or standing, and the directors must
avoid conflict of interest situations between
responsibility 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.
8 PAKISTAN OILFIELDS LIMITED
