CODE OF CONDUCT

 

Purpose


The Ghandhara Industries Limited (the “Company”) is committed to conduct its affairs ethically and lawfully. This Code of Conduct establishes policies and procedures that are intended to guide employees, officers, and directors in the performance of their duties and responsibilities and ensure compliance with the Company’s commitment to ethical and lawful conduct. These policies and procedures shall apply to all employees and officers (referred to collectively hereafter as “employees”) and directors of the Company.

1. Obeying the Law
The Company takes responsibility to comply with laws and regulations very seriously and each of us is expected to comply with applicable legal requirements and prohibitions.

2. Work Environment
The Company shall maintain a safe work place, which is free from discrimination and harassment based on race, religion, sex, age, disability or any other impermissible factor.

3. Consumers Satisfaction
The Company is committed to produce products that are safe and effective. In developing and manufacturing product, the Company has established and shall comply with standards that meet or exceed regulations promulgated by the laws. In manufacturing its products, the Company shall comply with all applicable laws and regulations, including those relating to the environment and occupational health and safety.

4. Competition
The Company shall compete for all business opportunities vigorously, fairly, ethically and legally. The Company shall comply with all laws regulating competition and the employees and directors of the Company shall not discuss pricing, cost, production plans, business strategies, or any other proprietary or confidential information with its competitors.

5. Business Partner
The Company shall represent it products and services accurately and shall comply with applicable regulatory and legal requirements governing the marketing and sale of its products and services to become a business partner.

6. Recording and Reporting Information
In recognition of the fact that accurate information is essential to the Company’s ability to satisfy legal and regulatory obligation, all employees and directors shall record and report all information accurately and honestly. No employee or director shall sign or submit, or permit others to sign or submit on behalf of the Company, any document or statement that he or she has reason to believe is false.

7. Payments
The Company and its employees and directors shall not make any improper payments to government or non-government officials, employees, customers, persons, or entities, nor shall the Company or its employees and directors request or accept any improper payment from suppliers for seeking to do business with the Company. 8. Fair Dealing

Each employee and director shall deal fairly with the Company’s customers, suppliers, competitors, independent auditors and other employees and shall not take unfair advantage of anyone through manipulation, concealment, abuse of privileged information, misrepresentation of material facts or any other unfair dealing or practice.

9. Shareholder
The Company provides all applicable facilities to Shareholders through Registrar and distribution of Dividend Warrants in time, as and when approved.

10. Standard of Conduct
No employee or director shall use, for his or her own personal gain, or disclose to any third party, any confidential or proprietary information that he or she obtained as a result of his or her employment with or in relationship to the Company. Confidentially or proprietary information includes all non-public information that might be of use to competitors or harmful to the Company and its customers, if disclosed. No employee or director shall buy, sell, or deal in the Company’s stock based on non-public information. 

11. Public Activities
The company shall make no corporate political contributions to parties or individuals, even where such contributions may be legal, but encourages employees and directors to participate in community affairs and to exercise citizenship responsibilities.

12. Corporate Opportunities
Employees and directors owe a duty to the company to advance its legitimate interests when the opportunity to do so arises. Employees and directors are prohibited from (a) taking for themselves personally opportunities that are discovered through the use of corporate property, information or position, (b) using corporate property, information, or position for personal gain, or (c) competing with the Company.

13. Conflicts of Interests
No employee or director shall engage in any activity or have any outside interest that might deprive the company of his or her loyalty, interfere with the satisfactory performance of his or her duties, and make it difficult to perform his or her duties for the Company objectively and effectively, or be harmful or detrimental to the company. Employees and directors must immediately disclose in writing any actual or potential conflict of interest to the Secretary of the Company, for resolution. A conflict of interest occurs when a person’s private interest interferes or appears to interfere in any way with the Company’s interests and may also arise when an employee or director or a member of his or her family receives improper personal benefits as a result of his or her position with the Company.

14. Protection and Proper Use of Company Assets
Theft, carelessness, and waste have a direct impact on the company’s profitability. All employees and directors shall take appropriate actions to protect the company’s assets and ensure their efficient use for legitimate business purposes.

15. Disclosure of Interest
All directors and executives shall notify to the Company Secretary in writing whether they or their spouses have sold, bought, whether directly or indirectly, shares of the company. In case such persons or their spouses have sold or bought shares, they shall deliver a written record of the price, number of shares, form of shares (i.e. physical or within CDC) and nature of transaction within four days of affecting the transaction to the Secretary.