The
Company must conduct itself responsibly, transparently,
honestly, and with competitive competence while treating
each of the following groups fairly:
1. Shareholders and Investors
The Company must ensure good operating results to ensure
good returns to the shareholders and investors.
2. Customers
The Company must provide reasonably priced, high-quality
products and services that meet the needs of customers.
3. Business Partners and Creditors
The Company must conduct its operations on a basis of
fair and mutual support.
4. Competitors
The Company must conduct its operation on a basis of fair
competition.
5. Employees
The Company must offer employees a good standard of living
at wages that are competitive with similar jobs in the
labour market, with appropriate benefits, with opportunities
for career advancement, and in a safe, healthy working
environment.
6. The Government
The Company must work to promote national prosperity and
progress, in obedience to the laws of the land and conformity
to general business practices.
7. The Community and Society
The Company must take it share of responsibility for the
community and society and consider the impact of its operations
on natural resources and the environment.
The Company will aim for the appropriate
balance among the needs of these various groups, and give
them all equal consideration.
Code of Ethics for Company Directors
1. The Company's
directors must fulfil their duties in the spirit of the
Company's principles of good business conduct and adhere
to the codes of ethics established by the Company.
2. The Company's directors
must fulfil their duties in compliance with the law, the
objectives and regulations of the Company, and the resolutions
of shareholders' meetings, and with all due honesty, integrity,
and care for the interests of the Company.
3. The Company's directors
must dedicate sufficient time and all their knowledge,
competence, and managerial skill to the fulfilment of
their duties and responsibility to shareholders and with
all due concern for the interests of stakeholders, and
must treat all groups as fairy and prudently as possible.
4. The Company's directors
must fulfil their duties as a responsibility to shareholders
and with all due concern for the interests of stakeholders,
and must treat all groups as fairly and prudently as possible.
5. The Company's directors
must not use their position for wrongful gain, must not
disclose Company secrets to outsiders, must not seek gain
for themselves or those related to them by means of information
not yet publicly disclosed, and must not do anything that
would result in a conflict of interest.
Code of Ethics of Employees
1. Respect for the Organization
Employees must join in strengthening and upholding the
honour of the Company in their attitudes and behaviour.
Good employees demonstrate pride in the Company, defend
and maintain its respectability, and help to enhance its
public image.
2. Loyalty and Honesty
Employees must act with integrity. They must not seek
remuneration or gain from outside, nor use their position
in the Company for their own interests or those of their
families, relatives, or other persons.
3. Diligence
Employees must perform the work for which they are responsible
with all due care and diligence. They must devote themselves
to the work of the Company with all their ability and
strive for the success of their work and the greater
good of the Company.
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4.
Discipline
Employees must comply with the Company's policies, regulations,
orders, rules, and good corporate culture, and must learn
the said policies, regulations, orders, and rules with
the clarity needed to practice them correctly.
5. Preserving Secrecy
Employees must keep corporate information confidential
and not disclose any of it or use it for personal benefit,
either one's own or others', without permission from
those in authority. Exempt from this prohibition is
information that needs to be disclosed in the normal
conduct of business or has already been disclosed to
the public.
6. Using and Protecting Corporate
Assets
Employees must use and protect the Company's assets
for the greatest possible benefit of the Company, not
for personal benefit, either one's own or others'. All
assets must be maintained in good condition for the
sake of their effective, long-term use.
7. Conflicts of Interest
Employees must not engage in any activity that conflicts
with the interests of the Company, results in loss or
diminishment of benefit for the Company, or seeks to
share in the Company's benefit, such as:
7.1 Conducting any business or activity that completes
directly or indirectly with the Company's activities.
7.2 Conducting any business or activity that sells goods
or services to the Company, accepts contracted work
from the Company, or may be considered as representing
any person or organization that sells good or services
to the Company or accepts contracted work from the Company.
7.3 Having any financial interest or owning shares or
interests in any business competing with the Company
or having any type of transaction with the Company,
such as clients, sales agents, contractors, or suppliers
of goods or services, providing the said interest or
share is one which may be affected by any commission
or omission of the employees in the employee's normal
course of duties in the Company.
8. Accepting Gifts
Employees must not accept abnormally expensive gifts
and/or offering at events or gatherings of any type
from those who do business with the Company or anyone
who might benefit from their normal course of duties.
If such a gift is accepted, only to discover later that
its value is considered abnormal, the recipient must
inform his/her superior of the fact and await whatever
consequences are considered appropriate.
9. Personal Behaviour
Employees must conduct themselves in a manner befitting
a representative of the Company in terms of behaviour,
manners, type of dress, character, and attitude. Employees
must not behave in ways that devalue themselves or the
Company. They must strive to develop their knowledge
and abilities in ways that enhance the value of their
work and promote the greater prosperity of the Company.
10. Conducting of Superiors
and Subordinates
Employees with superior position must act as leaders
and set good examples for those under them in terms
of behaviour, developing morale, listening to the opinions
of their subordinates, and protecting them with all
due fairness and reasonableness.
Employees who are subordinate must listen and obey their
superiors in a manner which conforms to the discipline
and regulations of the Company. They must not act in
a stubborn, aggressive, or hostile manner to their superiors,
but rather respect them and observe the proprieties
of time and place.
11. Utilizing Social and Political
Rights
Employees are free to engage in social activities, but
must avoid activities that are illegal, immoral, inappropriate,
or unproductive or harmful to society. They must protect
their own dignity and ensure that the Company's position
in the community and society is not impaired by their
actions.
Employees are free to utilize their
political rights, such as voting in elections and participating
in political parties, but must not do anything to promote
the understanding that the Company is involved in or favours
any one political party.
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