Investor Presentaiton
86
ANNUAL
REPORT
2019
impact on the KPCL's profitability. Any suspected incident of
fraud or theft should be immediately reported for investigation.
The KPCL's equipment should not be used for non-KPCL
business, though incidental personal use is permitted.
The obligation of officers to protect the KPCL's assets includes
its proprietary information. Proprietary information includes
as trade secrets, trademarks, engineering and manufacturing
ideas, designs, databases, records, salary information and any
unpublished financial data and reports. Unauthorized use or
distribution of this information would violate KPCL policy. It could
also be illegal and result in civil or criminal penalties.
7. Compliance with Laws, Rules and Regulations
Obeying the law, both in letter and in spirit, is the foundation
on which the KPCL's ethical standards are built. In conducting
the business of KPCL, the officers shall comply with applicable
governmental laws, rules and regulations at all levels of
government in Bangladesh.
8. Timely and Truthful Public Disclosure
In reports and documents filed with or submitted to the
Securities and Exchange Commission, stock exchanges and
other regulators by KPCL, and in other public communications
made by KPCL, the officer involved in the preparation of such
reports and documents (including those who are involved in
the preparation of financial or other reports and the information
included in such reports and documents) shall make disclosures
that are full, fair, accurate, timely and understandable.
9. Significant Accounting Deficiencies
The CEO and each senior financial officer shall promptly bring to
the attention of the board any information he or she may have
concerning (a) significant deficiencies in the design or operation
of internal control over financial reporting which could adversely
affect the KPCL's ability to record, process, summarize and
report financial data or (b) any fraud, whether or not material,
that involves management or other employees who have a
significant role in the KPCL's financial reporting, disclosures or
internal control over financial reporting.
C. Waivers
Any waiver of this Code for executive officers or directors may
be made only by the KPCL's Board of Directors.
D. Violations of Ethical Standards
1. Reporting Known or Suspected Violations
The KPCL's directors, CEO, chief financial officers, and chief
operating officer shall promptly report any known or suspected
violations of this Code to the Chairman. All other officers should
talk to supervisors, managers or other appropriate personnel
about known or suspected illegal or unethical behavior.
2. Accountability for Violations
If the KPCL's Audit Committees or its designee determines that
this Code has been violated, either directly, by failure to report a
violation, or by withholding information related to a violation, the
offending officers may be disciplined for non-compliance with
penalties up to and including removal from office or dismissal.
Violations of this Code may also constitute violations of law
and may result in criminal penalties and civil liabilities for the
offending officers and KPCL. All Covered Parties are expected to
cooperate in internal investigations of misconduct.
E. Compliance Procedures
All must work together to ensure prompt and consistent action
against violations of this Code. In some situations, however, it is
difficult to know if a violation has occurred. Because we cannot
anticipate every situation that will arise, it is important that we
have a way to approach a new question or problem. Steps to
keep in mind are as follows -
.
.
•
•
Make sure you have all the facts. In order to reach the right
solutions, we must be as informed as possible.
Clarify your responsibility and role. In most situations, there is
shared responsibility. Are your colleagues informed? It may
help to get others involved and discuss the problem.
Discuss the problem with your manager. This is the basic
guidance for all situations. In many cases, your superior will
be more knowledgeable about the questions, and he or
she will appreciate being consulted as part of the decision-
making process.
You may report ethical violations in confidence without fear of
retaliation. If your situation requires that your identity be kept
secret, your anonymity will be protected to the maximum
extent consistent with KPCL's legal obligations. The KPCL
in all circumstances prohibits retaliation of any kind against
those who report ethical violations in good faith.
Ask first, act later. If you are unsure of what to do in any
situation, seek guidance before you act.
ANNUAL
REPORT
2018-2019
87View entire presentation