Code Of Conduct


It is a fundamental policy of Sitara Energy Limited to conduct its business with honesty, integrity and in accordance with the highest professional, ethical and legal standards. The Company has adopted comprehensive Code of Conduct for members of the Board of Directors and employees. The Code defines acceptable and unacceptable behaviors, provides guidance to directors / employees in specific situations that may arise and foster a culture of honesty, accountability and high standards of personal and professional integrity.

Salient Features of the Code:

  • Directors and employees must avoid any conflict of interest between them and the Company. Any situation that involves, or may reasonable be expected to involve, a conflict of interest with the Company, should be disclosed promptly.

  • Directors and employees must maintain the confidentiality of information entrusted to them by the Company and any other confidential information about the Company.

  • Directors and employees must act honestly and fairly and exhibit high ethical standards in dealing with all stakeholders of the Company.

  • Directors and employees shall comply with laws, rules and regulations applicable to the Company including but not limited to the Companies Ordinance, 1984, Listing Regulations of the Stock Exchanges and insider trading laws.

  • Directors should take steps to ensure that the Company promotes ethical behavior; encourages employees to talk to supervisors, managers and other appropriate personnel when in doubt about the best course of action in a particular situation; encourages employees to report violations of laws, rules, regulations, Company policies and procedures or the Company’s Code of Conduct to appropriate personnel; and informs employees that the Company will not allow retaliation for reports made in good faith.

  • The Company’s activities and operations will be carried out in strict compliance with all applicable laws and the highest ethical standards. The directors and employees will ensure that the Company deals in all fairness with its customers, suppliers and competitors.

  • An employee must not give or receive bribes or other payments, which are intended to influence a business decision or compromise independent judgment; nor must any employee give money in order to obtain business for the Company, nor receive money for having given Company business to an outside agency.

  • All funds, assets, receipts and disbursements must be properly recorded in the books of the Company.

  • Agreements with agents, sales representatives or consultants should state clearly the services to be performed for the Company, the amount to be paid and all other relevant terms and conditions.

  • Company’s relations and dealings with suppliers, consultants, agents, intermediaries and other third parties should at all times be such that Company’s integrity and its reputation should not be damaged if details of the relationship or dealings were to become public knowledge.

  • Certain restrictions / reporting / requirements apply to trading by the Directors and employees in Company shares. They shall make sure that they remain compliant with these statutory requirements.

  • Corporate funds and assets will be utilized solely for lawful and proper purposes in line with the Company’s objectives.

  • Company will support and respect the protection of international human rights within its sphere of influence, in particular the effective elimination of all sorts of compulsory labour and child labour, and it will make this a criterion in the choice and management of its suppliers and sub contractors.

  • Every employee at work must take reasonable care for the health and safety of himself and others including visitors who may be affected by his acts or omissions at work; and cooperate in Company’s efforts to protect the environment.

  • Company’s policy is to promote a productive work environment and not to tolerate verbal or physical conduct by any employee that harasses, disrupts, or interferes with another’s work performance or that creates an intimidating, humiliating, offensive, or hostile environment.

  • Every employee must adhere to Company’s rules of service and make sure that he is familiar with all of them.

  • Any violation of this Code shall be promptly reported to the Human Resources Department by any employee having knowledge thereof or having reasonable belief that such a violation has occurred.