Code of Conduct & Ethics
Issued 27 Febuary 2023
In line with the global best practices, the Board of Directors (the “Board”) of Tech Herfica (the “organization”) has adopted this Code of Business Conduct and Ethics (this “Code”).
Although the code does not cover all material situations, affected parties are expected to seek clarification from the Company Secretary/Legal Adviser, when in doubt.
This code has been developed to foster:
- Timely and accurate disclosure; Un-compelled compliance with applicable laws and rules and regulations;
- The Company Secretary is expected to forward all reports to the Board Audit Committee within 24 hours of receipt of such report.
- Timely reporting of any violations of the organization’s rules and policies;
- The protection of the organization’s information and corporate assets; and
- Confidentiality of information entrusted to directors, officers, and employees by the organization and its stakeholders
1. Conflicts of Interest
Conflict of interest occurs when the private interests of an affected Person interferes, or is perceived to interfere with the interests of the organization as a whole. In this regard, affected Persons have an obligation to conduct their affairs in an honest and ethical manner, including the ethical handling of actual or perceived conflicts of interest. Any situation that involves, or may be reasonably perceived to involve, a conflict of interest with the Company, should be disclosed promptly to the Company Secretary/Legal Adviser.
3. Compliance with Laws, Rules and Regulations
4. Reporting, Accountability and Enforcement
The organization promotes ethical behavior at all times and encourages affected Persons to consult with supervisors, managers, the Company Secretary/Legal Adviser and other appropriate personnel when in doubt about the best course of action in a particular situation.
Actual or suspected violations of laws, rules, regulations by any director, officer, employee or anyone purporting to be acting on the organization’s behalf should be promptly reported to the Company Secretary/Legal Adviser. Reports may be made anonymously. However, If identity is requested, confidentiality will be maintained, subject to applicable law, regulatory requirements and legal proceedings.To protect individuals who report incidences, the organization shall not tolerate retaliation against any affected person for a report made in good faith of any suspected violation of laws, rules, regulations or this Code is cause for appropriate disciplinary action. However, any affected person who knowingly files a false report under this Code will be subject to appropriate disciplinary action.
All affected persons owe a duty to the organization to advance the legitimate interests of the organization whenever the opportunity arises. Thus, affected Persons are precluded from directly or indirectly converting an opportunity that is due to the company for personal gain, especially if such opportunities are discovered through the use of the organization’s property, information.
In carrying out the organization’s activities, affected persons may learn confidential or proprietary information about the organization, its clients, its sponsors, partners or other relevant stakeholders. Confidential or proprietary information includes all non-public information relating to the organization. Hence, affected persons are not allowed to share information entrusted to them, except when disclosure is authorized by the organization, required by regulatory agencies or legally mandated.
7. Fair Dealing
Affected persons should endeavor to deal fairly with stakeholders of the organization. Thus, no affected person may take unfair advantage of anyone through manipulation, concealment, abuse of privileged information, misrepresentation of material facts, or any unfair dealing practice.
8. Protection and Proper Use of Company Assets
9. Corporate Governance
10. Reporting Action or Perceived Violation
All actual or perceived violations should be reported in line with the Whistle Policy Framework.
This code is subject to review from time to time.
All questions, feedback or complaints should be addressed to email@example.com.