Code of Business Ethics

This Code of Business Ethics sets the standard for how we conduct business. It is designed to ensure that all employees make decisions that are consistent with our values and that help us to meet our commitments.

KASB Modaraba has adopted the following Code of Business Ethics. All its Directors and employees shall:

  • Conduct their duties/employment activities with the highest principles of honesty, integrity, truthfulness and honor. To this end, directors/employees are to avoid not only impropriety, but also the appearance of impropriety.
  • Have a legal, moral and ethical responsibility to report to the appropriate authorities, known or suspected violations of law, regulations, or corporate policy, including the Modaraba’s Standards of Conduct.
  • Not to make, recommend, or cause to be taken any action known or believed to be in violation of any law, regulation or corporate policy.
  • Not use their position to force, induce, coerce, harass, intimidate, or in any manner influence any person, including subordinates, to provide any favor, gift or benefit, whether financial or otherwise, to themselves or others.
  • Not provide or offer to provide any favor or other benefit to government employees, or engage in any other activity which could improperly influence, or reasonably be interpreted as improperly influencing, their decisions or activities. All such activities with governmental agencies shall be conducted strictly on an arm's length business basis.
  • Not allow them-selves to be placed in a position in which an actual or apparent conflict of interest exists.
  • Not engage in outside business activities, either directly or indirectly, with a customer, vendor, supplier or agent, or engage in business activities, which are inconsistent with, or contrary to, the business activities of the Modaraba.
  • Not use or disclose the Modaraba’s trade secrets, proprietary or confidential information, or any other confidential information gained in the performance of Modaraba’s duties as a means of making private profit, gain or benefit.
  • Investigate any reported concern and, where a violation has occurred, take corrective action to resolve the matter and committed to responsively addressing all concerns in good faith.
  • Provide full disclosure to the public as and when required.