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Governance
A leader in the industry and in governance.
We are a public company, listed on the Muscat Securities Market for more than 30 years. Our main focus is to create and deliver innovative and pioneering products to ensure value for our shareholders and to induce continued market confidence in the company.
Effective and efficient governance system
We commit to sustain and reinforce a corporate governance system required to ensure sustainable development and proper governing structure.
We act in line with applicable rules, regulations and procedures relating to Corporate Governance and we act in a transparent, accountable, fair and responsible manner.
We believe this allows us to create and maintain a relationship of trust with our customers and shareholders.
The strong commitment of Oman Cables Industry SAOG is to put its customers, clients, and stakeholders first by providing excellent service and great communication experiences.
By focusing on them and being responsible members of our communities, we commit integrity for our stakeholders, create meaningful work for ourselves and provide something of lasting value for society.
The code of conduct of the company explains this commitment of integrity and compliance with the applicable laws. With clear policies and guidance for business practices. the Code is the basis for our ethics and conduct
Ethics and Integrity
Integrity, the core of reputation.
We aim to apply and uphold the highest standards of fair and ethical practice in every action we take every day.
We do this in keeping with our mission, vision, and values as a company.
Our Code of business Conduct and Ethics covers a wide range of business practices and procedures as a working guide. It does not cover every issue that may arise, but it sets out basic principles to guide all employees of the Company. All employees must conduct themselves accordingly and seek to avoid even the appearance of improper behavior.
Adherence to this Code by all employees is an additional way to maintain and develop the confidence and support of the public.
Oman Cables’ commitment is to put its customers, clients and stakeholders first by providing excellent service and great communications experiences. By focusing on them and being responsible members of our communities, we will produce a massive return for our shareholders, create meaningful work for ourselves and provide something of lasting value for society.
- Respect & Integrity:
- Performance Excellence:
- Accountability:
We believe in respect at every level of our business. We champion diversity, embrace individually and listen carefully when others speak.
Integrity is the core of all our work. Trust is the foundation of our relationships with our customers, our communities, our stakeholders and each other.
We hold ourselves to a very high standard of performance. We prize teamwork which transfers innovative ideas into realities. We work day by day on improving the customer experience.
We are responsible for our actions as an organization, as team members, and as individuals. We work and support one another. Results are made by facts and works not by saying and words, these values will guide our every action.
Our Code include the following principles:
- Professional Conduct:
- Conflicts of Interest
- Anti-Bribery / Anti-Corruption
- Fair dealings with third parties and Fair competition
A conflict of interest may arise when personnel takes actions or has interests that may make it difficult to perform his or her duties and responsibilities to the Company objectively and effectively. All personnel should avoid any situation that may create or appear to create a conflict between their personal interests and the interests of the Company.
We aim to ensure compliance with all applicable anti-bribery and corruption regulations and to ensure that the business is conducted in a socially responsible manner.
Bribery is the offering, promising, giving, accepting or soliciting of an advantage as an inducement for action which is illegal or a breach of trust. A bribe is an inducement or reward offered, promised or provided to gain any commercial, contractual, regulatory or personal advantage.
It is our policy to conduct all its business in an honest and ethical manner taking a zero-tolerance approach to bribery and corruption. We are committed to act professionally, fairly and with integrity in all its business dealings and relationships wherever we are operating and implementing and enforcing systems to counter bribery and corruption. Employees must not engage in any form of bribery, either directly or through any third party anywhere in the world.
Fair dealings with third parties:
Employees involved in the negotiation of agreements and contracts on our behalf must ensure that all statements, communications and representations are accurate and truthful. Employees must act honestly and fairly in all such business transactions.
Fair competition:
We seek to outperform our competition fairly and honestly. We seek competitive advantages through superior performance, never through unethical or illegal business practices. Using improperly proprietary information, possessing trade secret information that was obtained without the owner’s consent, or inducing such disclosures by past or present employees of other companies is prohibited. Each employee should endeavor to respect the rights of and deal fairly with our customers, suppliers, competitors and employees. No employee should take unfair advantage of anyone through manipulation, concealment, abuse of privileged information, misrepresentation of material facts, or any other illegal trade practice.
No employee is permitted to engage in price fixing, bid rigging, allocation of markets or customers, or similar illegal anti-competitive activities.
We support competition based on quality, service and price. We will conduct our affairs honestly, directly and fairly.
Trade Compliance
We are committed to the implementation, maintenance and continuous improvement of robust trade compliance guidelines that integrates compliance activities into our business processes.
Trade Controls
It is our policy to comply with all applicable trade control laws and regulations. Under no circumstances are our employees permitted to make a transfer export, re-export, sale or disposal of any product, technical data or service contrary to applicable policy, guidelines, trade controls laws and regulations.
We adopt procedures addressing different areas to ensure business compliance, such as but not limited to adequate due diligence, trade license requirements, end user controls, export documentation and continuous monitoring of changes in applicable laws and regulations.
Economic Sanctions
We comply with all applicable economic sanctions’ laws and regulations against certain countries, persons and entities.
We do not enter into any business transaction or other dealing, directly or indirectly, contrary to applicable sanctions’ laws and regulations and with any person or entity considered to be a Prohibited Party. We conduct our business in-line with applicable regulations on Anti-Money Laundering and Combating Financing of Terrorism and with proper due diligence.
Helpline
We commit to the highest standards of ethics and integrity for our stakeholders, to create meaningful work for ourselves and provide something of lasting value for society.
We implemented the helpline channel for our workers who wish to report concerns or ask questions, while ensuring that they will be protected from any form of retaliation / victimization. This channel is managed by the Internal Audit & Compliance.
If you have any concerns, please communicate with us using the following channel: helpline@omancables.com
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