Sitara Chemical Industries Limited (SCIL) is committed to conducting its business and working with all stakeholders, including employees, suppliers, customers, and shareholders in a manner that is lawful and ethically responsible and in a way that reflects the company’s values. The company does not tolerate any unlawful and unethical activity and vows to take appropriate action to ensure compliance with law and safeguarding the interest of all stakeholders.
The Whistle Blowing Policy formalizes the company’s commitment to enabling its employees, shareholders and business associates to make fair and prompt disclosure of circumstances where it is genuinely believed that the company’s business is being carried out in an inappropriate manner or in violation of applicable laws, or the company’s policies, procedures and ethical values.
The policy is designed to:
- Support company’s values in line with its commitment to the highest possible standards of ethical, moral and legal business conduct and its strong pledge to open and candid communication.
- Ensure that all stakeholders can raise concerns without fear of retribution and with full confidence that their identities will not be revealed.
- Provide a swift and confidential process for rectifying malfeasance wherever and whenever it occurs in the company.
The Board Audit Committee (BAC) has overall responsibility for this policy, ensuring that the highest level of governance is involved in dealing with any matter that is raised under this policy. The Board of Directors of the company also commits to support the BAC in managing the policy, as far as practicable, for the best interest of its varying stakeholders. The day-to-day responsibility for overseeing and implementation of the policy rests with the Internal Audit Department.
Complainants may report their concerns via email directly to Mr. Haroon Ahmad Zuberi, Chairman of the Board Audit Committee, at scil@sitara.com.pk