Summit Engineering & Resources Limited
Summit Engineering & Resources Limited
Summit Engineering & Resources Ltd will conduct its business fairly, impartially, in and ethical and proper manner, and in full compliance with all applicable laws and regulation.
The Code of Conducts applies to all of us. It should be followed by all directors and employees of the Company and its subsidiary undertakings (if ANY) in addition to individual policies and procedures already in place.
The Company's activities are subject to the laws of different jurisdictions, statutory requirements and statutory codes. Each of us is required to adhere strictly to both the letter and spirit of all applicable laws, regulations and statutory codes. Each of us is expected to co- operate fully in the investigation of any alleged violation of the law or Company policy. Concealing a violation or altering or destroying evidence may be illegal and will be treated as a serious breach of the Code.
Company books, invoices, records, accounts, funds and assets must be created and maintained to reflect fairly and accurately and in reasonable detail the underlying transactions and the disposition of Company business. This Code explicitly prohibits each of us from making any false/misleading statements or other entries in the books, accounts, records, financial statements, or any other documents including disclosure documents of our Company and any other company for which our Company has responsibility or oversight. This Code also prohibits each of us from creating, maintaining or using any off-the-record accounts with banks or any other third parties. No reporting may be made that intentionally conceals or disguises the true nature of any Company transaction. The Code requires everyone to cooperate fully with our internal and external auditors. We have an obligation to provide complete, honest and accurate information to our auditors and to anyone conducting a duly authorized investigation. Each of us is explicitly prohibited from destroying, altering or falsifying any records.
The Company is committed to conducting its business responsibly and professionally. The Code requires all of us to maintain our fitness for work and perform the duties attached to our jobs. Each one of us is under an obligation to take reasonable care to ensure the Company meets its entire range of commitments to all.
Our vision is to have a workplace without injury or accident. You have a clear duty to yourself, your fellow workers and in many cases the public to take every reasonable precaution to set up and maintain a safe and secure working environment free from hazards. The Company has set up management systems and resources to plan, implement, control and continually improve performance in these areas. Strict wearing of PPE when on site and adherence to the policies, manuals, procedures and safe working rules are expected of all employees.
We must safeguard at all times the confidentiality of business or other sensitive information and the integrity of our business and operational records. We must also protect from misuse business information or assets held by us on behalf of customers, partners and shareholders. Each of us has a duty to safeguard Company assets and resources entrusted to our care-from loss, theft or misuse. Use of Company assets or resources, other than for company business purposes, requires prior authorization and proper justification. Also, use of Company records, customer and shareholder information should follow Company procedures.
It is the Company's general policy to remain politically neutral and avoid making political contributions (donations). However, the Company's policy in no way restricts an employee, as an individual, from making political contributions or participating in local or national politic
The Company is committed to abiding by all laws and regulations or if necessary to exceeding them, to prevent bribery wherever we do business. We interpret the term 'bribe" broadly to include any illicit advantage offered or accepted as an inducement to or reward for performing or abstaining from performing any Company duties. Items considered bribes include cash, cash equivalents, loans, commissions, benefits in kind or other advantages. Bribery does not include traditional gifts of nominal value given during festive seasons. The Code forbids paying, offering, asking for, proposing terms for, or accepting, bribes directly or with the assistance of any organization or individual. We are strictly prohibited from discussing terms with people who ask for or offer bribes. Avoiding the no bribery provisions of this Code through the use of agents, partners, contractors, family members or any others acting on someone's behalf is also prohibited. Anyone who receives an offer of bribery must immediately report it to their manager.
In the course of conducting our business, the Company recognizes that there will be occasions when it is appropriate, out of courtesy and relationship building, to give or receive small gifts of nominal value or business entertainment to or from our business associates. However, the Company is committed to conducting all business without undue influence. The Code requires us to exercise good judgment and practice moderation in giving and receiving business gifts and entertainment. We must decline entertainment, gifts or other benefits (e.g., personal favours, or preferential treatment) that could in any way influence, or appear to influence, business decisions in favour of any person or organization with whom the Group may have business dealings.
The Company aims to allocate sufficient resources to manage the business effectively and to meet daily demands. The organisational structure, normal duties and expected working hours for employees are defined. All local official public and site holidays are observed and we comply with all laws governing minimum wages and minimum number of days of holidays. Managers with authority may vary duties from time to time within reasonable limits. Working hours may also be adjusted, subject to compliance with Company guidelines, to suit project working schedules and to meet deadlines and such working hours are monitored and controlled to ensure employees are treated fairly and efforts are recognised. At no time shall excessive or prolonged periods of overtime work be encouraged. Should employees consider their workload to be excessive or their position is being exploited they are encouraged to discuss the matter with their manager or follow the grievance procedures.
a. Working in community as a minimum the Company seeks to engage with the local communities in which we work to find out their concerns related to our operations and where practicable to take actions to alleviate such concerns in a responsible manner. As a rule you are to treat members of the public with respect, courtesy and due consideration at all times. b. As a Company we will also use our position and influence within the community to promote health and safety, sustainability and environmental protection and actively support and participate in relevant community, industry and professional association activities.
A breach of this code may lead to prosecution and conviction under, without limitation, the Prevention of Bribery Ordinance and equivalent legislation in other jurisdictions. Such prosecution and conviction could have further serious and far reaching implications for individuals who are British nationals and, regardless of the nationality of the individual who committed the offence, for the Company and its UK shareholder who could face further criminal prosecution under the UK Bribery Act 2010. Upon conviction under the UK Bribery Act 2010 individuals can be sentenced to up to 10 years imprisonment and companies punished with unlimited fines.
Conflict of interest situations may arise when your personal interests compete or conflict with the interests of the Company. You should avoid such situations, actual or potential, which may compromise your integrity and put the Company's interests and reputation at stake. Employees must declare to your direct supervisor and to the Head of Division or Head of Department any financial interest, direct or indirect, which any customer or members of his/her immediate family may have, in any business or other organisation which competes with the Company or with which the Company has business dealings. You should refrain