Code Of Conduct
Standard of Conduct
Atlas Battery Limited conducts its operations with honesty, integrity, openness, and respect for human rights and interests of the employees. It respects the legitimate interests of all those with whom it has relationships.
Obeying the Law
Atlas Battery Limited is committed to comply with the laws and regulations of Pakistan.
Atlas Battery Limited is committed to create a working environment where there is mutual trust and respect and where everyone feels responsible for the performance and reputation of the Company. It recruits, employs and promotes employees on the sole basis of the qualifications and abilities needed for the work to be performed.
It is committed to safe and healthy working conditions for all employees. We will not use any form of forced, compulsory or child labour.
It is committed to working with employees to develop and enhance each individual’s skills and capabilities.
It respects the dignity of the individual and the right of employees to freedom of association.
It will maintain good communication with employees through company based information and consultation procedures.
Discrimination and Harassment
Atlas Battery Limited prohibits discrimination of employees and ensures equal opportunity for employment, compensation, development and advancement for all individuals. It prohibits harassment based on categories of race, color, religion, sex, national origin, age or disability.
It does not tolerate workplace violence including threats, threatening behavior, harassment, intimidation, assaults or similar conduct.
It has a zero tolerance policy with respect to personal and / or sexual harassment. Personal / sexual harassment in any form is strictly prohibited and may become ground for immediate dismissal without notice or pay in lieu of notice.
Weapons and Drugs
Atlas Battery Limited does not allow any employee to carry firearms or other weapons, unless obtaining prior permission. The employees must not distribute, possess or use illegal or unauthorized drugs or alcohol on any premises of Atlas Battery Limited or in connection with its business.
Atlas Battery Limited is committed to providing branded products and services, which consistently offer value in terms of price and quality. Products and services will be accurately and properly labeled, advertised and communicated.
Atlas Battery Limited will conduct its operations in accordance with principles of good corporate governance.
It will provide timely, regular and reliable information on its activities, structure, financial situation and performance to all the shareholders.
Trading in Own Shares
Atlas Battery Limited discourages employees and their families from trading in shares of the Company or advise others in trading of its shares. However, if any employee or his / her family intends to sell or buy or take any position in the shares of the Company, then he / she should notify in writing to the Company Secretary.
Atlas Battery Limited is committed to establishing mutually beneficial relations with its suppliers, customers and business partners. In its business dealings, it expects its partners to adhere to business principles consistent with its own.
Atlas Battery Limited strives to be a trusted corporate citizen and, as an integral part of society, to fulfill its responsibilities to the societies and communities in which it operates.
Atlas Battery Limited is encouraged to promote and defend its legitimate business interests.
It will co-operate with the government and other organizations, both directly and through bodies such as trade associations, in the development of proposed legislation and other regulations, which may affect legitimate business interests.
It neither supports political parties nor contributes to the funds of groups whose activities are to promote party interests.
Atlas Battery Limited is committed to making continuous improvements in the management of environmental impact and to the longer-term goal of developing a sustainable business. It will work in partnership with others to promote environmental care, increase understanding of environmental issues and disseminate good practice.
Health, Safety and Environment
Atlas Battery Limited strives to provide a safe, healthy and a clean working environment. It also strives to prevent any wasteful use of natural resources (including water) and is committed to help in improving the environment. It tries to reduce, replace, recycle or regenerate articles consumed in its operations.
Atlas Battery Limited makes innovations to meet consumer needs. It respects the concerns of consumers and of society. It works on the basis of sound research, applying high quality standards.
Atlas Battery Limited believes in fair competition and supports development of appropriate competition laws. Atlas Battery Limited and its employees will conduct their operations in accordance with the principles of fair competition and all applicable regulations.
Atlas Battery Limited does not give or receive, whether directly or indirectly, bribes or other improper advantages for business or financial gain. No employee may offer, give or receive any gift or payment, which is, or may be construed as being, a bribe. Any demand for, or offer of, a bribe must be rejected immediately and reported to management.
Its accounting records and supporting documents must accurately describe and reflect the nature of the underlying transactions. No undisclosed or unrecorded account, fund or asset will be established or maintained.
Conflicts of Interests
All Atlas Battery Limited employees are expected to avoid personal activities and financial interests, which could conflict with their responsibilities to the company. They must not seek gain for themselves or others through misuse of their positions.
All the assets of Atlas Battery Limited (both tangible and intangible) shall be deployed for the purpose of conducting the business for which they are duly authorized for. None of these should be misused or diverted for any personal use or benefit.
Fraud, Theft or Illegal Activities
Atlas Battery Limited employees shall be alert and vigilant with respect to frauds, thefts or any illegal activities committed within the office. If any such activity comes to their attention, they must immediately report the same to the Head of Human Resource or Head of Internal Audit.
It has set its priority not to become implicated, in any way, with individuals or firms involved in criminal and other associated activities and employees are expected to exercise maximum caution in this regard.
Books and Records
Atlas Battery Limited employees must act in good faith, not to misrepresent material facts in books and records or in any internal or external correspondence, memoranda or communication of any type, including telephone or electronic communications.
Its records should be maintained in such a way that they are in full compliance with all rules, laws and regulations. Adequate precautions should be taken to protect them from falling into wrong hands, which could harm its business interests. Access to electronic documentation has been ensured through implementation of a comprehensive password protected authorization matrix.
Atlas Battery Limited employees come across a number of confidential information which may take many forms. They must take proper care of such information and ensure that it is not misused in any way which is detrimental to its business or used for own commercial benefit. Employees must exercise care to avoid disclosing non-public, internal, secret or proprietary information to unauthorized persons, either within or outside the company during employment or afterwards.
Compliance – Monitoring – Reporting
Compliance with business principles is an essential element in business success. The board of directors of Atlas Battery Limited is responsible for ensuring that these principles are communicated to, and understood and observed by, all employees.
Day-to-day responsibility is delegated to the senior management. They are responsible for implementing these principles, if necessary, through more detailed guidance tailored to local needs.
Assurance of compliance is given and monitored each year. Compliance with the code is subject to review by the Board supported by Audit Committee of the Board.
Any breach of the code must be reported in accordance with the procedures specified by the management.
The Board of Atlas Battery Limited expects employees to bring to their attention, or to that of senior management, any breach or suspected breach of these principles.
Provision has been made for employees to be able to report in confidence and no employee will suffer as a consequence of doing so.