All Directors of Allied Bank Limited (ABL) shall:
a) Conform to and abide by all the legal and standing requirements while performing their duties and obey all lawful orders and directives. They shall comply with and observe all applicable laws, rules, regulations, related statutory requirements, regulatory directives and ABL policies.
b) Not bring or attempt to bring political or other pressure/influence directly or indirectly on the Bank.
c) Bring to the notice of the Board, any non-compliance or violation of law or policy.
d) Comply with applicable guidelines / principles mentioned in SBP Corporate Governance Regulatory Framework, SECP Code of Corporate Governance Regulations and SECP Code of Conduct for Board of Directors.
a) Conduct themselves with the highest standards of ethics, professional integrity and dignity in all dealings with all stakeholders and not engage in acts discreditable to ABL, their profession and the nation. If they become aware of any irregularity that might affect the interests of ABL, they shall inform the Board immediately.
b) Fully use their abilities, experience and expertise for achieving set goals, maintain high standards of professional conduct, protect the bank’s assets and respect interest of all the stakeholders. Practice transparency in all acts and deeds relating to the business of the Bank.
c) Reject corruption in all forms – direct, indirect, public or private and do not directly or indirectly engage in bribery, kick-backs, payoffs, or any other corrupt practices.
d) Remain loyal to the Bank, keeping its interest above own personal interests at all times.
a) Maintain the privacy and confidentiality of all the information acquired being Member of Board of Directors of the Bank or come into their knowledge and refrain from disclosing the same unless otherwise required by statutory authorities/law and bank’s own policies. All such information will remain with them as a trust and will only be used for the purpose for which it is intended and will not be used for personal benefits. Inside information about ABL’s affairs shall not be used for their own gain or for that of others either directly or indirectly.
b) The Directors of the bank are strictly prohibited to disclose the fact (came into their knowledge) to the customer or any other quarter that a suspicious transaction or related information is being or has been reported to any authority, except if required by law.
a) Discharge their obligations honestly and faithfully and shall strictly serve ABL’s affairs keeping interest of the Bank above all. They shall promote the interest and goodwill of ABL and shall show courtesy and attention in all transactions/ correspondence with officers of Government, State Bank of Pakistan, other Banks, Financial Institutions, others establishments dealing with ABL, its constituents and the public.
b) Treat everyone with equality and exhibit high standards of personal conduct.
c) Exercise due diligence, objectivity, sound and independent judgement while performing the duties
a) As a member Board respect views of fellow Board members and endeavor to arrive at unanimous decisions on matters considered in their fiduciary capacity. They shall at all times be courteous and not let any personal differences to affect their work. However, in case they feel that they have opinion not commensurate with the majority of the board members they should get recorded their note of dissent.
b) Shall not use ABL assets for their personal benefits except where permitted by ABL and they will not involve in any un-ethical practices. They shall not do any act prohibited under the law and rules and regulations and policies of ABL.
c) Not give any interview in the print/electronic media or have their photograph displayed or act in television / stage plays or in cinema as Director ABL or on behalf of ABL without having permission from the Chairman Board.
a) Avoid all such circumstances in which there is conflict of personal interest, or may appear to be in conflict with any of the stakeholder as prescribed by the statutes and in probable case their interest conflicts with any of the stakeholder, they would immediately declare such interest before the Board of Directors.
b) No director shall exploit for their own personal gain, opportunities that are discovered through use of corporate property, information or position, unless the opportunity is disclosed fully in writing to the Board of Directors of the Bank and the Board allow him to avail such opportunity
c) No interested person shall participate in the discussion or vote in the Board’s proceedings or participate in any other manner in the conduct or supervision of such dealings.
d) Avoid any dealing with a Contractors or Suppliers of the bank that compromises the ability to transact business on a professional, impartial and competitive basis or that may influence discretionary decision to be made by the Board Members / Bank.
e) No Director shall hold any position or job or engage in outside business or other interest that is prejudicial to the interests of the Bank.
f) Shall not make any statement which has the effect of adverse criticism of any policy or action of the Bank or which is capable of embarrassing the relations between the Bank and the public including all the stakeholders. Provided that nothing in this clause shall apply to any statement made or views expressed by a Board Member, which are purely factual in nature and are not considered as confidential, in his official capacity or in due performance of the duties assigned to him.
g) Refrain from accepting gifts, 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 or with which the Bank has or is likely to have business dealings.
a) No director shall trade, directly or indirectly for shares/ securities of the Bank considering the ‘price sensitive information’ which they may have direct access / influence and exposure by virtue of their fiduciary position or office of profit.
b) Ensure compliance with all relevant laws, regulations and ABL’s policies/ framework, on prohibition of insider trading
a) Encourage the management to adopt digitalization to enhance efficiency and to protect the environment.
b) Encourage philanthropic activities, donations, contributions to charities, green banking and other matters of social welfare, in terms of sustainable practices.
c) Ensure that the ABL operates in an environmentally and socially responsible manner, while having strong governance in accordance with global best practices
a) Treat all shareholders/members and other stakeholders of the Bank in a fair and respectable way.
b) Act in the best interests of the Bank and fulfill their fiduciary responsibilities.
c) Consider the interests of all stakeholders in the success of Bank.
a) Promote appropriate mix of core competencies, diversity, requisite skills, knowledge, experience, maturity and gender diversification.
c) Provide equal opportunities to all employees for employment in the ABL irrespective of their culture, race, gender, caste, and religion.
d) Promote a work environment free from discrimination, harassment and intimidations of any nature.
d) Encourage Management to give due consideration to the safety and health of all employees and to provide safe, competitive and healthy working environment
