CODE OF CONDUCT STATEMENT
In order to ensure that the Company and its officers and employees conduct themselves in accordance with all legal requirements and to the highest of ethical standards, the Company requires all Directors and Employees to comply with the following:
A Director or Employee of the Company shall at all times conduct themselves to a high standard of honesty, fairness and dignity with all customers, suppliers, competitors, colleagues and shareholders and act within the law; a Director or Employee of the Company should act at all times with a high level of integrity and objectivity, always striving to protect and enhance the reputation and performance of the Company.
Conflict of Interest
A Director or Employee of the Company should report immediately any personal interest or obligation or related party transaction(s) which could conflict with the impartial performance of their duties or which could create any doubt that decisions which they may make on behalf of the Company could be influenced by their personal interest.
Confidentiality of Information
A Director or Employee of the Company shall at all times fully respect and protect the complete confidentiality of all Company Information that is not made available to the public domain by the Company or with the expressed approval of the Company.
A Director or Employee of the Company shall at all times conduct themselves with all customers, suppliers, competitors, colleagues and shareholders free of discrimination of any kind including sex, marital status, disability, pregnancy, race, religious and political convictions, family responsibility, family status and age.
Safety at Work
A Director or Employee of the Company shall at all times act in a manner that preserves the safety and security of customers, suppliers, competitors, colleagues and shareholders in the work-place and in strict accordance with the Company’s Safety Policy and Instructions.
Gifts and Financial Inducements
No Director or Employee shall give or accept a gift or financial inducement with a value in excess of BD50 whether in cash or kind in relation to the Company’s business or discharge of their Company duties without prior approval of their immediate supervisor or fellow Board Members; all approvals shall be logged and reported to the Board of Directors on a periodic basis.
CORPORATE GOVERNANCE POLICIES
CODE OF CONDUCT
BEMCO has established a Code of Conduct Statement that governs the activities of and interaction with third parties by all Company Directors and employees as they relate to the Company or the Company’s operations.
The BEMCO Code of Conduct Statement provides a strong framework to support the integrity, honesty and fairness of all facets of BEMCO’s business and commercial dealings.
CORPORATE SAFETY POLICY
BEMCO believes that the safety and security of its employees and related third parties are essential elements in all of its business activities and as such the Management of BEMCO proactively works with all parties concerned to enforce a strict Corporate Safety Policy to ensure a safe and secure work environment.
BEMCO’s Corporate Safety Policy addresses four key points:
- Awareness of and adherence to all relevant Bahrain statutory provisions and guidelines
- Provision of all necessary resources to implement and safeguard all aspects of BEMCO’s Corporate Safety Policy
- Proper and complete dissemination of all required safety information to all relevant parties including all BEMCO employees and related third parties through printed materials, work-shops and seminars
- Strict enforcement of the stated safety rules and regulations in all BEMCO premises and places of operation.
The BEMCO Corporate Safety Policy is reviewed on a regular basis to ensure continuing enforcement and relevance.
BEMCO is fully committed to the provision of equal opportunity employment and commercial relationships in all areas of its operations.
BEMCO as a company supports and encourages its employees to likewise support a range of initiatives to benefit the community from a non-commercial, non-profit making perspective.
BEMCO provides a level of support for its employees and direct family members in respect of fees for educational courses in key professional areas such as engineering and assistance towards the cost of care in the event of significant medical emergencies.