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.
































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