BANKING AND FINANCE ETHICS IN THE FIELD OF CORPORATE POLICIES
The broad area dealing with the way in which a company behaves towards, and conducts business with, its internal and external stakeholders, including employees, investors, creditors, customers, and regulators. In certain national systems minimum standards are required or recommended in order to eliminate potential conflicts of interest or client/employee mistreatment.
A formal declaration of the guiding principles and procedures by which a company will operate typically established by its board of directors or a senior management policy committee. Imbedded in corporate ...view middle of the document...
Within the guidelines of the law, keep certain information, particularly trade secrets confidential.
3. Compliance with the law and with internal regulations
PBCom employees must conduct official business in strict compliance with the letter, spirit and intent of all relevant and pertinent laws, regulations and policies. PBCom employees must uphold the standards, policies and goals of the Bank and protect its legitimate interests, challenging within the Bank, any values or policies that are inconsistent with these guidelines.
4. Customer Service
PBCom employees must act fairly and in good faith toward clients while protecting the legitimate interests of the Bank.
PBCom employees must provide services to clients on the basis of rational business criteria rather than on factors such as race, gender or religion. This policy of non-discrimination also applies to all bank activities.
6. Employees’ personal, professional or business affairs
PBCom employees must always conduct their personal affairs in accordance with the highest moral standards so that there can be no opportunity for unfavorable reflections upon the Bank.
This policy includes outside employment. PBCom employees must not accept outside employment including directorship in another company; or engage in competitive or related business activities without the prior written approval of the Group Head/Area Head.
In the same manner, PBCom employees must not enter directly or indirectly into any contract of guaranty or surety; and must not guarantee the interest or principal of any obligation of any person, co-partnership, association or other entity, to any other bank or credit institution or person without the prior approval of his/her Group Head/Area Head.
Core Corporate Values
The PBCOM Code of Ethics embodies the corporate principles that serve to guide the conduct and behavior of Bank employees in every situation. As an institution imbued with public trust the Bank requires a high level of Integrity and professionalism among all employees.
Through the Code of Ethics, the Bank has institutionalized the observance of its Core Corporate Values such as, Trust, Integrity, Professionalism, Loyalty and Excellence.
The specific objectives of the Code of Ethics are to:
1. Promote a corporate culture of good governance and best practices.
2. Empower and protect employees by making them aware of the criteria/standards involved in carrying out their functions and in making decisions.
3. Standardize application of policies and regulations and corrective measures in case of deviations from expected behavior.
Support of top management
• The Directors hold their office charged with the duty to exercise sound and objective judgment for the best interest of the Bank
• The position of the bank director is a position of trust....