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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.
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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.
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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.
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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.
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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 by corporate management
in accordance with applicable laws.
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In its relations with governmental agencies, customers and suppliers, the Company will not, directly or
indirectly, engage in bribery, kick-backs, payoffs, or any other corrupt business practices.
The use, directly or indirectly, of Company funds for political contributions to any organization or to
any candidate for public office is strictly prohibited.
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Corporate funds and assets will be utilized solely for lawful and proper purposes in line with the Company’s objectives.
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No false or artificial entries shall be made in the Company's books and records for any reason,
and all financial transactions must be accurately and properly accounted for in the books and records.
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All benefits provided to the directors and employees of Pakistan Oilfields Limited in
addition to their standard remuneration will be awarded in full compliance with the Company’s
official policies.
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Pakistan Oilfields Limited will respect the privacy of data relating to individual persons
(whether employees or third parties)
which it may hold or handle as part of its information processing activities or otherwise.
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Employees will maintain the confidentiality of the Company's and its customers' confidential information
which is disclosed to them.
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Pakistan Oilfields Limited will support a precautionary approach to environmental
challenges, and, within its sphere of influence, undertake initiatives to promote greater
environmental responsibility and encourage the development and diffusion of environmentally
friendly technologies.
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Pakistan Oilfields Limited will support and respect the protection of international human rights
within its sphere of influence, in particular the effective elimination of all sorts of compulsory
labour and child labour, and it will make this a criterion in the choice and management of its
suppliers and sub-contractors.
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Pakistan Oilfields Limited will not discriminate against any employee for any reason such as race,
religion, political convictions or sex, and will treat everyone with dignity and with full respect
for their private lives. This is expected also to apply to relations between members of personnel.
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