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Assignment on Professional Ethics of Allied Bank of Limited (ABL)
by Commerce Solutions in

• Serve ABL honestly and faithfully and shall strictly serve ABL's affairs and the affairs of its constituents. They shall use utmost endeavor to 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 and Financial Institutions, others establishments dealing with ABL, ABL's constituents and the public.

• Disclose and assign to ABL all interest in any invention, improvement, discovery or work of authorship that they may make or conceive and which may arise out of their employment with ABL. If their employment is terminated, all rights to property and information generated or obtained as part of their employment relationship will remain the exclusive property of ABL.

• Not engage in Money Laundering and will be extremely vigilant in protecting ABL from being misused by anyone to launder money by strictly complying with "Know Your Customer" policies and procedures.

Business/Work Ethics

• Respect fellow colleagues and work as a team. They shall at all times be courteous and not let any personal differences affect their work. They will treat every customer of ABL with respect and courtesy..

• Ensure good attendance and punctuality and demonstrate a consistently good record in this area. For any absence during working hours, they shall obtain written permission of their immediate supervisor. They shall not absent themselves from their duties, nor leave their station over night, without having first obtained the permission of the competent authority.

• Maintain a standard of personal hygiene and dress appropriately for attendance at work. Their appearance must inspire confidence and convey a sense of professionalism.

• As personal responsibility, safeguard both the tangible and intangible assets of ABL and its customer(s) that are under their personal control and shall not use ABL assets for their personal benefits except where permitted by ABL. They shall not use any ABL facilities including a telephone to promote trade union activities, or carry weapons into ABL premises unless so authorized by the management, or carry on trade union activities during office hours, or subject ABL officials to physical harassment.

• Not indulge in any kind of harassment including sexual harassment or intimidation whether committed by or against any senior/junior, co-worker, customer, vendor or visitor. They shall not use language, written or spoken in intra office communication(s) or communication(s) with individual(s) outside the office that may contain any statement or material that is offensive to others.

They shall never use ABL's system to transmit or receive electronic image or text containing ethnic slurs, social epithets or anything that might be construed as harassing, offensive or insulting to others.

• To meet their responsibilities to fellow employees, customers and investors they shall help in maintaining a healthy and productive work environment and shall not engage in the selling, manufacturing, distributing, using, any illegal substance or being under the influence of illegal drugs while on the job.

• Ensure strict adherence to all health and safety policies as may be implemented from time to time by ABL.

• Not to give any interview in the print/electronic media or have their photograph displayed or act in television / stage plays or in cinema without having permission from the competent authority.

• Intimate Human Resource Group of any changes in the personal circumstances relating to their employment or benefits.

Employees shall also not indulge in any of the following activities except with the prior permission of the competent authority:

Statement of Ethics and Business Practices

• Borrow money from or in any way place themselves under pecuniary obligation to broker or moneylender or any employee of ABL or any firm or person having dealings with ABL.

• Buy or sell stock, share or securities of any description without funds to meet the full cost in the case of purchase or scraps for delivery in the case of sale. However, they can make a bona fide investment of their own funds in such stock, shares and securities as they may wish to buy.

• Lend money in their private capacity to a constituent of ABL or have personal dealings with a constituent in the purchase or sale of bills of exchange, Government paper or any other securities.

• Guarantee in their private capacity the pecuniary obligation of another person or agree to indemnify in such capacity any person from loss.

• Act as agent for an insurance company otherwise than as agent for on behalf of ABL.

• Be connected with the formation or management of a joint stock company.

• Engage in any other commercial business or pursuit either on their own account or as agent for another or others.

• Accept or seek any outside employment or office whether stipendiary or honorary.

• Undertake part time work for a private or public body or private person, or accept fee thereof.


References:

www.abl.com/

en.wikipedia.org/wiki/Allied_Bank_Limited

www.privatisation.gov.pk/PDF-Files/ABL%20Investor%20Brief.pdf