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1. Conflicts of interest
It occurs when individual’s personal interest conflicts with the company’s interest as whole. Individuals should not have any economic interest in position or relationship with any person to which the company compete, if such interest influence their action on behalf of company.
2. Corporate Opportunities
Officers, directors and employees should be prohibited from getting personal opportunities discovered through use of corporate property, information or position of personal gain or competing with the company. They owe a responsibility to company to advances its legitimate interest when such opportunities arise.
3. Trade Secrets and Confidential Information
Confidential information includes non public information that might be useful for competitors or harmful or company or its customers if disclosed. Officers, directors and employees must take care of confidentiality of information entrusted to them by company except where disclosure is compulsory by applicable tax laws and regulations.
4. Insider trading
Inside information is the information concerning to the company, its financial affairs, new product strategies that should not be disclosed. Officers and employees should abide the company’s insider trading policies.
5. Protection and proper use of Company’s asset
There should be efficient utilization and protection of company’s assets. Company’s asset should be used for legitimate business purpose. Any suspected incident should be reported at priority.
The protocol setup in the company meet all corporate governance principles as it optimize the company’s performance and shareholders’ value within framework of appropriate risk assessment and management. It also recognize the company’s legal and other obligation to all legitimate stakeholders and also provide strategic guidance for company and effective oversight of management.
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