Oil & Gas Development Company Limited conducts its operations in accordance with highest business ethical consideration complying with all statutory regulations and best accepted standards of good corporate citizen. This policy applies to all Directors and Employees of the Company. The Company’s core values are merit, Integrity, Team Work, Safety, Dedication and Innovation. It is towards the end of fostering these core values in the corporate culture of OGDCL that the Company has adopted this code and Business Practices (the Code). The code implies as follows:-
The Directors and employees of the Company seek to protect the company’s assets. The Company’s assets and services are used solely for legitimate business purposes of the Company. The use of Company’s funds for political contribution to any organization or to any candidate for public is prohibited.
The Directors and employees adhere in letter and spirit to of all laws and conform to the accepted standards of good corporate governance and avoid conflict of interest. The conflict of interest, if any must be notified to company in writing.
The company respects the interests of all the shake holders and enters into transparent and fairly negotiated contracts.
The company is an equal opportunity employer.
The directors and employees reject corruption in all forms-direct, indirect, public or private and do not directly or indirectly engage in bribery, kickbacks, payoffs, or any other corrupt business practices.
Oil and Gas Development company Limited respects the privacy of data relating to individual persons (whether employees or third parties) which it may hold or handle as part of its information processing activities or otherwise. Employees maintain confidentiality of the company’s and its customer’s confidential information which is disclosed to them.
The directors and employees shall no place themselves in position where their loyalty to the company becomes divided for any reason including their direct or indirect financial interest in a competitor, supplier, consultant or customer.
The Directors and employees may not take advantage of the company’s information or property, or their position with the company, to develop inappropriate personal gains or opportunities. The may, however receive gifts of token value or accept invitations only if such gifts or invitations have no influence on their decision-making and are as per company policy.
Employees may offer tips, gratuity or hospitality of a customary amount or value for routine services or courtesies received as per company policy.
All Directors and employees of Oil & Gas Development Company and its subsidiaries are responsible for the continuing enforcement of and compliance with this policy, including necessary distribution to ensure-employee knowledge and compliance. Non-compliance with this policy will result in disciplinary action.
