Code of Conduct for ABL Directors

All Directors of Allied Bank Limited (ABL) shall:

• 1. Abidance of Laws/Rules

  • Conform to and abide by all the legal and standing requirements and Code of Corporate Governance while performing their duties and obey all lawful orders and directives. They shall comply with and observe all applicable related statutory requirements, regulatory directives and ABL policies.
  • Not bring or attempt to bring political or other pressure/influence directly or indirectly on the Bank.



• 2. Integrity

  • 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.
  • 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.
  • 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.
  • Remain loyal to the Bank, keeping its interest above own personal interests at all times.



• 3. Confidentiality

  • 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.
  • 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.



• 4. Professionalism
  
  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.
  


• 5. Business/Work Ethics

  • 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.
  • 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.
  • 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.



• 6. Conflict of Interest

  • Avoid all such circumstances in which there is personal interest conflict, 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.
  • 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
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.



• 7. Insider Trading
  
  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.