SENIOR EXECUTIVES’ CODE OF CONDUCT

This Code Shall Apply To The CEO’s Direct Reports.

  1. A senior executive must act honestly, in good faith and in the best interests of the company as a whole.
  2. A senior executive has a duty to use due care and diligence in fulfilling the functions of office and exercising the powers attached to that office.
  3. A senior executive must use the powers of office for a proper purpose, in the best interests of the company as a whole.
  4. A senior executive must recognise that the primary responsibility is to the company’s shareholders as a whole but should, where appropriate, have regard for the interests of all stakeholders of the company.
  5. A senior executive must not make improper use of information acquired as an employee.
  6. A senior executive must not take improper advantage of his/her position.
  7. A senior executive must not allow personal interests, or the interests of any associated person, to conflict with the interests of the company.
  8. A senior executive has an obligation to be independent in judgement and actions and to take all reasonable steps to be satisfied as to the soundness of all decisions taken by the CEO and the board of directors.
  9. Confidential information received by a senior executive in the course of the exercise of managerial duties remains the property of the company from which it was obtained and it is improper to disclose it, or allow it to be disclosed, unless that disclosure has been authorised by that company, or the person from whom the information is provided, or is required by law.
  10. A senior executive should not engage in conduct likely to bring discredit upon the company.
  11. A senior executive has an obligation, at all times, to comply with the spirit as well as the letter, of the law and with the principles of this Code.
  12. A senior executive must encourage the reporting and investigating of unlawful and unethical behaviour.