Page 15 - Pakistan Oilfield Limited - Annual Report 2022
P. 15

13
                                                                                              Annual Report 2022
             Whistle Blowing Policy







             This Policy addresses            The Company conducts business     provided by this policy for

             the commitment                   based on the principles of fairness,   reporting all allegations of
                                                                                suspected misconduct or improper
                                              honesty, openness, decency,
             of the Company to                integrity and respect.            activities.
             integrity and ethical            To maintain these standards,      General Guidance

             behavior by helping              the Company encourages its        This policy presumes that
                                              employees who have concerns
             to foster and maintain           about suspected serious           employees will act in good faith

             an environment                   misconduct/breach of law/         and will not make false accusations
                                                                                when reporting of misconduct .
                                              regulation or suspected breach
             where employees                  of law or regulation that may     An employee who knowingly or
             can act appropriately,           adversely impact the Company,     recklessly makes statements or
                                                                                disclosures that are not in good
                                              to come forward and express
             without fear of                  these concerns without fear of    faith may be subject to disciplinary
             retaliation.                     punishment or unfair treatment.   procedures, which may include
                                                                                termination. Employees who report
                                              It is also the policy of the      acts of misconduct pursuant to
                                              Company to address any            this policy can and will continue to
                                              complaints that allege/attempted   be held to the Company’s general
                                              acts of interference, reprisal,   job performance standards and
                                              retaliation, threats, coercion or   adherence to the Company’s
                                              intimidation against employees    policies and procedures.
                                              who report, disclose or investigate
                                              improper or illegal activities (the   In case of reports sent through
                                              “Whistleblowers”) and to protect   e-mail, it is recommended to mark
                                              those who come forward to report   the subject as Whistleblower for
                                              such activities. The Company      ease of identification.
                                              assures that all reports will be
                                              treated strictly confidentially and   Although the whistleblower is
                                              promptly investigated and that    not expected to prove the truth
                                              reports can be made anonymously,   of an allegation, he/she needs
                                              if desired.                       to demonstrate to the person
                                                                                contacted that there are sufficient
                                              The internal control and operating   grounds/concerns/allegations is
                                              procedures of the Company are     true.
                                              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 the allegations of
                                              suspected improper activities and
                                              to take appropriate actions.

                                              Employees and others are
                                              encouraged to use guidance
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