Business Principal Policy

To The People of Premiaflex Plastics Ltd

Premiaflex Plastics Ltd has always aspired to create a workplace where talented individuals collaborate to deliver extraordinary results for our clients. Our business principles capture this vision and our code of business conduct and ethics outline the behaviors we expect of everyone at KRL in order to achieve it. As part of the business standards committee’s review, the company has revisited our code to ensure it reflects the highest legal and ethical standards in our industry. In tandem with our business principles, the code articulates KRL commitment to integrity and honesty in everything we do. While no single document can address every situation, the updated code provides clear guidance on critical issues. When facing a situation not covered the code, we expect our people to exercise good judgment and especially to seek guidance in resolving potential issues.

It has often been said that one person can cause more harm to KRL from a single bad decision than good to the company over the course of a career. As stewards of the company’s legacy and drivers of its future success, our actions each day have a profound impact. No financial incentive or opportunity-regardless of the bottom line-justifies a departure from our values.In fact, loosening our ethical standards in pursuit of business is a betrayal of our duty to clients and colleagues and compromises everything we aspire to as a company.

I ask each of you to review this code of business principles and join me in making a personal commitment to using it to guide your work. In doing so, you protect the trust our clients place in us and uphold the moral and ethical principles that define Premiaflex Plastics Ltd.

 

Sincerely,

Dr. F.H Ansary
Managing Director, AB

 

 

Preamble to Code of Business Principles:

At Premiaflex Plastics Ltd we believe the best way to build and to maintain trust is to conduct every element of our business according to the highest standard of integrity.

Our ability to do so rests on the behavior of those who work here, from consultants to employees to our management team to CEO. To that end, we select our people based not just on their skills, accomplishments and potential, but also on their principles and values. A commitment to integrity and ethical behavior is a critical factor in our decisions regarding professional advancement and compensation.

The Company maintains a Code of Business Principles described by compendium of internal policies, to inform and guide our people in their roles. We recognize, however, that a formal Code or policy cannot cover every situation. In a fast-paced and complex industry and an inherently innovative business, it is impossible to predict the various different unique circumstances our people will face during their careers. As such, the policies outlined in this Code should be viewed as the baseline of expected behavior at the Company.

While ethical behavior requires us to comply fully with all laws and regulations,”compliance” with the law is the minimum standard to which we hold ourselves. Those who work with us honor not just the letter of existing laws, but the spirit that under pins and informs them. We recognize that over time what is considered acceptable today may be viewed differently tomorrow. Thus, we don’t look to prevailing “market practices” as an indication of appropriate behavior. We base our decisions on legal and regulatory rules, our code, our business and our values. For the people of Premiaflex Plastics Ltd ethical behavior is inseparable from integrity and good judgment.

The scope of our business means that delivering outstanding client service may at times generate real or perceived conflicts for the company. We are committed to addressing such conflicts with all appropriate disclosure and transparency. If an activity generates a conflict that cannot be addressed, we would prefer to lose the business that to abandon our principles. Every person at Premiaflex Plastics Ltd is an owner to our heritage or client service and our reputation as an ethical company. Our success has been and will continue to be dependent on the trust that our clients Place in us. Everything we do-every piece of advice we give, every transaction in which we take part-must serve to strengthen that trust.

 

Code of Business Principles:

Application of the Code

The Premiaflex Plastics Ltd code of business principles embodies the company’s commitment to conduct our business in accordance with the highest ethical standards and in compliance with all applicable laws, rules and regulations. The Code applies to all of our people.

1. Business Integrity

No offer of improper advantage, including the payment or acceptance of bribes, gifts to secure deliver of goods and services to any individual or companies

  

Provision of safe and healthy working conditions for all employees (Direct or indirect). No use of any form of force or compulsory labor, freedom of employees to leave employment after reasonable notice. No use of Child labor and compliance with relevant ILO standards. Respect for human rights and no physical or mental punishment of employees or any form of abuses. Wages and working hours complying as a minimum with applicable laws, rules and regulations, including minimum wages, overtime and maximum hours in the country concerned. Respect for all right of employees to freedom of association.

3. Non-Retaliation Policy

Our people play a critical role in safeguarding the integrity of our business and escalating any existing or potential breach of that integrity. To enable you to full fill this responsibility, the Company strictly prohibits retaliation against anyone who reports in good faith a possible violation of the Code, no matter whom the report involves. Suppliers, employees or whoever can report directly to the Top Management for any kind of breaches of policy.

In addition, you may have certain rights in connection with reporting legal, compliance, ethical or other issues to regulatory, administrative or other governmental or self-regulatory bodies. Nothing in this Code is intended to limit those rights or any protections that may be applicable in connection with reporting potential violations.

Violation of the Code:

We take this Code and your obligations under it very seriously and will take any disciplinary or prevention action deemed appropriate to address existing or potential violations of the Code, up to and including termination of your employment. Violations of the Code may also constitute violations of law, which may result in criminal or civil penalties for you and the Company.

Compliance with laws, Rules and Regulations:

We must comply with all applicable laws, rules and regulations, including those related to export controls, sanctions, antitrust, data privacy gifts & hospitality, conflicts of interest, product quality and safety, reporting of concerns, insider trading, financial reporting, money laundering, bribery and corruption. Details rules regarding applicable laws are included in the Compendium.

Personal Conflict of Interest:

A Personal conflict of Interest occurs when your private interest improperly interferes with the interests of the company. Actions or relationships that create personal conflicts of interests are prohibited, unless approved by the company.

It is important that we carefully consider whether any of our activities or relationships, including business or volunteer positions outside the Company, could cause a conflict (or the appearance of a conflict) with the interests of the company. Even if an activity seems unrelated to our role at the Company, we may be required to obtain pre-approval before engaging in it. The Compendium provides detailed guidance on when and how pre-approval is obtained.

Additionally, personal gain an advantage must never take precedence over our obligations to the company. We must never use or attempt to use our position at company to obtain any improper personal benefit (including loans or guarantees of obligations or gifts, from any person or entity) for ourselves, family member(s) or any other individual or group. If we are aware of a transaction or relationship that could reasonably be expected to give rise to a conflict of interest or perceived conflict of interest, we should discuss the matter promptly with an appropriate ethics contact. When in doubt, raise the question for appropriate consideration.

Fair and Ethical Competition:

We rely on our people to uphold our culture of integrity in all that we do. Our values demand that we deal fairly with our clients, service providers, suppliers, competitors and each other. No one at the Company may seek competitive advantage through illegal or unethical business practices. Taking unfair advantage of anyone through manipulation, concealment, abuse of privileged information, misrepresentation of material facts or any unfair dealing practice is violation of this code. We notify our customer if quality, safety, code of breaches or misconduct occur either in its own business or those of its suppliers could have an adverse impact. We are committed to remain fully fair and transparent in all condition.

4. Protecting Confidential Information

In the course of business, our people often have access to confidential r proprietary information about the company, our clients, prospective clients or other third parties. Our business and reputation depend on the commitment of each of us to protect this information. We must maintain the confidentiality of the information with which we are entrusted, including complying with information barrier procedure applicable to our business. The only exception is when disclosure is authorized or legally mandated. Confidential or proprietary information includes, among other things, any non-public information concerning the company (including its business, financial performance, results or prospects) and any no-public information provided by a third party with information barrier procedures applicable to our business. The only exception is when disclosure is authorized or legally mandated. Confidential or proprietary information includes, among other things, any non-public information concerning the company (including its business, financial performance, results or prospects) and any no-public information provided by a third party with the expectation that the information will be kept confidential and used solely for the business purpose for which it was conveyed. We encourage a careful review of the Compendium for detailed guidance on this important topic.

5. Public Discloser

It is our policy that all information in our public communication be full, fair, accurate, timely and understandable. All individuals who are involved in our disclosure process must act in a manner consistent with this policy. In particular, they are required to maintain familiarity with the relevant disclosure requirements and are prohibited from knowingly misrepresenting, omitting or causing others to misrepresent or omit, material facts about the company to others, whether within or outside the Company, including our independent auditors

6. Equal Employment Opportunities and Commitment to Diversity

Concern for the personal dignity of each individual is an indispensable element of the standards we set for ourselves at Premiaflex Plastics Ltd. We focus our personnel decisions on merit and contribution to the company success. The Company affords equal employment opportunity to all qualified persons without regard to any impermissible criterion or circumstance. We do not tolerate any type of discrimination prohibited by law, including harassment. We value diversity as an important asset that enhances our culture, helps us serve clients well. For us to excel, we must create for our people an inclusive environment that welcomes and supports differences and encourages input from all perspectives.

7. Political Contributions and Activities

Laws and regulations regarding political contributions and activities vary around the world and in many cases; penalties for violation can be severe. While we encourage participation in the political process, we maintain policies and procedures regarding political contributions and activities to ensure compliance with all existing laws and regulations. Importantly, we prohibit our employees from making or soliciting political contributions or engaging in political activities whose purpose is to assist the Company in obtaining or retaining business.

Protecting and properly using Company Assets

We should protect the Company’s assets and ensure their efficient use. All company assets should be used for legitimate business purposes only.

8. Free prior and informed consent (FPIC)

Free, prior and informed consent (FPIC) refers to the principle that indigenous peoples have a right to give or withhold consent to actions that will affect them, especially actions affecting their traditional lands, territories and natural resources

Premiaflex Plastics Ltd recognizes the right of indigenous peoples to FPIC to projects affecting their customary lands and resources and states that PPL will not promote or support interventions affecting customary lands and resources that have not received FPIC

Premiaflex Plastics Ltd

ব্যবসায়িক আচরনবিধি

আমাদের বিশ্বাস যে আমরাব্যবসায় সফল, এর কারন সমাজের প্রতি আমাদের কর্তব্য জ্ঞান আছে,যাহা আমরা পালন করে থাকি। আমাদের সফলতাকে ধরে রাখার জন্য আমরা বিনিয়োগ করেছি উন্নত প্রযুক্তিতে,যাহার ফলে কর্মীরা অর্জন করেছে দক্ষতা, উন্নত শিক্ষা ও তথ্যগত প্রযুক্তি এবং এর ফলশ্রুতিতে আমরা জাতীয় ও আন্তর্জাতিক নীতি মেনে চলতে সক্ষম হয়েছি। তাই আমরা আমাদের ক্রেতাদের সুলভ মূল্যে উন্নত মানের উৎপাদিত পন্য সরবরাহ করতে পারছি।

  • সামাজিক এবং পরিবেশগত লক্ষ্য অর্জনের জন্য আমরা একটি ধারাবাহিক পদ্ধতি অনুসরণ করে থাকি। যাহা আমাদের শ্রমিক-কর্মচারী গণ দায়-দায়িত্ব বহন করে থাকে।
  • Premiaflex Plastics Ltd এ শ্রমিকরা স্বেচ্ছা প্রনোদিত হয়ে কাজে আসে, কর্মক্ষেত্র থাকে ঝুঁকিমুক্ত, এ কোম্পানী নিশ্চিত করে শ্রমিকদের উপযুক্ত পারিশ্রমিক, স্বীকার করে যে সংগঠন বা সংঘবদ্ধ হবার বৈধ অধিকার এবং শ্রমিক-কর্মীদের হতে দেয় না কোনরূপ লাঞ্ছনা / বঞ্চনার শিকার।
  • Premiaflex Plastics Ltd একটি বৈষম্যহীন পণ্য উৎপাদনকারী প্রতিষ্ঠান। এখানে বিভিন্ন ধর্মের, বর্ণের কর্মী একসাথে কাজ করে। কাজ করার দক্ষতার উপর ভিত্তি করেই শ্রমিকদের কাজে নিয়োগ করা হয়। এখানে সবার সমান অধিকার।
  • Premiaflex Plastics Ltd জোর পূর্বকভাবে কোন কর্মীকে দিয়ে কাজ করায় না। এখানে অবাধে যে কোন কর্মী তাহার ব্যক্তিগত মতামত,পছন্দ, অপছন্দ ইত্যাদি প্রয়োগ করতে পারে।
  • Premiaflex Plastics Ltd এ কোন শিশু শ্রমিক নিয়োগ করা হয় না।
  • Premiaflex Plastics Ltd এর সাধারণ কর্মঘন্টা হল প্রতি সপ্তাহে ৪৮ ঘন্টা, তবে ওভারটাইম সহ সপ্তাহে ৬০ ঘন্টার বেশি কাজ করানো হয় না। ওভারটাইম কর্মীর স্ব-স্বীকৃত অতিরিক্ত কর্মঘন্টা (বাধ্যতামূলক নহে)। আমরা আমাদের কর্মীদের সপ্তাহে একদিন ছুটির ব্যবস্থা করে থাকি।
  • আমরা আমাদের কর্মীদের সরকার ঘোষিত নূন্যতম মজুরীর নিচে প্রধান করি না। আমাদের লক্ষ্য হল যে, আমরা যে মজুরী দিয়ে থাকি সেটা দিয়ে যেন মৌলিক চাহিদা পূরন করার পর ভবিষ্যৎ নিরাপত্তার লক্ষে সঞ্চয় করতে পারে।
  • Premiaflex Plastics Ltd এর কতৃপক্ষ কারখানার শ্রমিকদের কাজের পরিবেশ রক্ষা, একতা, বিশ্বস্ততা, উৎপাদনশীল মানসিককতা এবং প্রত্যেক শ্রমিকের ভুল সংশোধনের উদ্দেশ্যে কারখানায় নিয়ম শৃংখলা বজায় রাখার জন্য একটি শৃংখলামূলক ব্যবস্থা নীতিমালা প্রণয়ন করেছে।
  • Premiaflex Plastics Ltd কর্মীদের উন্নত কর্ম পরিবেশ স্বাস্থ্য, স্বাস্থ্যবিধি, পরিস্কার-পরিচ্ছন্নতা নিশ্চিত করে থাকে। নিয়মিতভাবে মেশিন,যন্ত্রপাতি পরীক্ষা করা হয়,মেশিনে নিরাপত্তার জন্য বিভিন্ন যন্ত্রপাতি নিশ্চিত করা হয়।
  • কারখানায় কর্মরত কোন কর্মকর্তা / কর্মচারী কর্তৃক কোন শ্রমিকের নিকট হতে কোন বিশেষ সুবিধা প্রদান বা নিয়োগ সংক্রান্ত অথবা অন্য কোন বাহ্যিক বিনিময় হলে তা কর্তৃপক্ষের নিকট দুর্নীতে বলে প্রতীয়মান হবে। এরুপ ক্ষেত্রে প্রতিষ্ঠানের নিয়ম অনুযায়ী প্রসাশনিক ব্যবস্থা গ্রহনে বদ্ধ পরিকর।

কোন সরকারী বা বেসরকারী প্রতিষ্ঠানের সাথে কোন ধরনের কাজের জন্য কোন প্রকার আর্থিক লেনদেন বা অন্য কোন প্রকার সুবিধা প্রদান করা হবে না।

  • Premiaflex Plastics Ltd এ কর্মরত সকল শ্রমিক কর্মী সম্পদ, এই কোম্পানীর সম্পদ রক্ষায় তাহারা সর্বদা সচেষ্ট।এখানে তাহারা তাহাদের প্রতিনিধি নির্বাচন করতে পারে। যে কোন অভিযোগ, পরামর্শ তাহারা প্রতিনিধির মাধ্যমে ব্যবস্থাপনা কর্তৃপক্ষকে জানাতে পারেন।ব্যবস্থাপনা কর্তৃপক্ষ আলাপ আলোচনার মাধ্যমে তাহার সমাধানকল্পে আন্তরিকতার সাথে কাজ করে থাকেন। শ্রমিকদের স্বার্থ সংরক্ষনের লক্ষ্যে সর্বোচ্চ কর্মকর্তার সাথে সরাসরি যোগাযোগ করার জন্য আমরা Participation Committee (P.C) বা “অংশগ্রহণকারী কমিটি” নামে কমিটি গঠন করি। প্রতি দুই মাসে অন্তর এই কমিটির সভা অনুষ্ঠিত হয়।এখানে উল্লেখ্য যে, জরুরী প্রয়োজনের ক্ষেত্রে কর্তৃপক্ষ যে কোন সময়ে এই সভা আয়োজনের ক্ষমতা রাখে।
  • উক্ত আচরনবিধি মাতৃভাষায় লিপিবদ্ধ করা হবে এবং কারখানার নোটিশ বোর্ডে পরিদর্শনের জন্য আটকানো থাকবে। ব্যবস্থাপক এই আচরণবিধি নিয়মিতভাবে পরিবর্তন, সংশোধন ও উন্নয়ন করার ক্ষমতা রাখে।

আমরা সকলে আচরণবিধি পালন করবো এবং সকলকে পালনে উৎসাহিত করবো।

9. Revision History:

 

 Date

 Revision No.

 Reasons for Issue

 01.01.2015  00  New Issue
 01.02.2020  01  Periodic Revision

 

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