Page 10 - Pakistan Oilfield Limited - Annual Report 2022
P. 10
8
PAKISTAN OILFIELDS LIMITED
Code of Conduct
“ • Employees, irrespective more detailed guidelines
of their function, grade or
issued from time to time by
POL’s activities and
standing, and the directors
corporate management in
operations will be must avoid conflict of accordance with applicable
interest situations between
laws.
carried out in strict their direct or indirect • In its relations with
(including members of
compliance with immediate family) personal governmental agencies,
all applicable laws interests and the interest of customers and suppliers,
the Company will not,
the Company.
and the highest • Employees must notify their directly or indirectly,
engage in bribery,
ethical standards. direct supervisor of any kickbacks, payoffs, or any
The directors and actual or potential conflict other corrupt business
of interest situation and
practices.
employees will ensure obtain a written ruling as to • The use, directly or
their individual case. In case
that the Company of directors, such ruling can indirectly, of Company
funds for political
deals in all fairness only be given by the Board, contributions to any
and will be disclosed to the
with its customers, shareholders. organization or to any
candidate for public
suppliers and • The directors and office is strictly prohibited
competitors. employees may not Corporate funds and assets
will be utilized solely for
take advantage of the
Company’s information or lawful and proper purposes
property, or their position in line with the Company’s
with the Company, to objectives.
develop inappropriate
personal gains or • No false or artificial
opportunities. They may, entries shall be made in
however, receive gifts the Company’s books and
of token value or accept records for any reason, and
invitations only if such all financial transactions
gifts or invitations have no must be accurately and
influence on their decision properly accounted for in
making and are not illegal the books and records.
under any applicable law. • All benefits provided to the
• No director or employee directors and employees of
may receive from any Pakistan Oilfields Limited in
customer, supplier or addition to their standard
business associate of remuneration will be
Pakistan Oilfields Limited awarded in full compliance
cash, gifts or invitations with the Company official
with other than nominal policies.
monetary value. • Pakistan Oilfields Limited
• Trading by directors and will respect the privacy of
employees of the Company data relating to individual
in Pakistan Oilfields Limited persons (whether
shares is possible only employees or third parties)
in accordance with the which it may hold or handle
