Builders Code of Conduct
REGULATIONS RELATED TO THE CODE OF CONDUCT
GENERAL PROVISIONS
Section (1) – Purpose and Objective
The purpose of these regulations is to ensure the compliance by the Company and its Employees with internationally recognized and accepted business and ethical standards.
The objective of these regulations is to enhance the confidence of outside Entities in the integrity of the Company and its Employees by:
– establishing clear rules of conduct with respect to ethical conduct for, and post employment practices applicable to all Employees; and
– minimizing the possibility of unethical conduct and providing for the objective and fair resolution of such should they arise.
Section (2) – Scope Of Application
These regulations apply to all Company Employees. All Company Employees must comply with these Regulations.
DUTIES OF EMPLOYEES
Section (3) – General Obligation
Ethics and integrity are the responsibility of every Employee. Employees shall therefore have an obligation to exercise utmost fairness, honesty, objectivity, and diligence and maintain an exemplary level of ethical behavior in the performance of their duties for the Company, and shall reject bribery in all its forms.
Section (4) – Conduct
Employees shall exhibit loyalty in all matters pertaining to the affairs of the Company and shall not knowingly be a part of any illegal, unethical or improper activity.
Section (5) – Decisions and Recommendations
Employees shall take all reasonable care when making business decisions and recommendations and shall reveal all material facts to approving authorities of the Company.
Section (6) – Compliance with Laws and Regulations
Employees shall in the performance of their duties for the Company take reasonable care to acquaint themselves and to comply with applicable laws, regulations and Company policies and procedures. Unlawful acts or breaches in Company policy or procedure are not acceptable whatever the jurisdiction. Good motives are not an excuse for committing illegal acts or breaches in Company policy and procedure.
Section (7) – Accounts and Records
Employees shall maintain accurate accounts and records of all commercial dealings, payments and receipts conducted or made for and on behalf of the Company. These records shall as accurately as reasonably possible reflect the business transactions of the Company and the disposition of its assets. Employees shall not make any false or misleading entries in the accounts or records of the Company.
Section (8) – Interest of the Company
Employees shall always employ all reasonable endeavors to act in the interests of the Company in the performance of their duties.
Section (9) – Continuous Improvement
Employees shall continually strive for improvement in the proficiency and effectiveness of their work for the Company.
Section (10) – Discrimination
Employees shall treat all persons fairly regardless of such factors as race, color, national origin, sex, marital status, age, religion, creed or political belief, physical handicap or disability, or status.
PROHIBITED DEEDS
Section (11) – Confidentiality
Employees shall not disclose Confidential Information gained in the course of their employment, except as necessary to perform their duties and then only on a “need to know” basis. Such information shall also not be used for personal gain, or in a way that may be detrimental to the welfare, interest or image of the Company.
Confidential Information means any and all information directly or indirectly disclosed or provided by or on behalf of the Company, in whatever format and irrespective of the medium in which it is contained, acquired or produced by the Company, its affiliates, joint venture partners, contractors or suppliers, including without limitation, plans, budgets, agreements, drawings, reports, specifications, calculations, and all other documents and information relating to the customers, business, assets or affairs of the Company.
In addition to the above, Employees shall adhere to the Company Information Security Guidelines, as amended from time to time.
Section (12) – Preferential Treatment
Employees shall not provide any information or assistance to Entities in their dealings with the Company where such assistance or information may potentially benefit such an Entity above other Entities in their dealings with the Company, or where the provision of such assistance or information may potentially be construed as preferential treatment for any Entity.
Section (13) – Sexual Harassment
Employees of the Company shall not sexually harass or sexually intimidate other people.
DISCIPLINARY ACCOUNTABILITY
Section (14) – Disciplinary Accountability
Every employee who violates the provisions of these regulations shall be disciplinarily accountable.
Section (15) – Disciplinary Action
The Company’s Disciplinary Committee shall review reports on violation of these Regulations. The Disciplinary Committee shall decide on the appropriate disciplinary action in accordance with the Company’s established disciplinary procedures.
