This manual should be read in conjunction with other compliance manuals of Schlau Energy which govern how each of the subsidiaries that make up the Schlau Energy group conducts its businesses. The Ethics and Code of Conduct has been adopted companywide. This document, in addition to other provisions, requires that all persons must avoid conflicts of interest between their private financial activities and their part in the conduct of Schlau Energy business.
Employees must act in accordance with the highest ethical standards of honesty, integrity and fairness and expect the same in their relationships with others while maintaining a work and business climate fostering such standards.
Employees must observe the applicable code of conduct on dealing in securities and any provisions for the avoidance of conflicts of interest stipulated in applicable terms and conditions of employment.
Employees must excuse selves from decisions about any issue at hand in which a conflict of interests arises or could arise and in such event, disclose in writing explaing the circumstances that create or could create the conflicts of interest to Ethic and Compliance unit.
Employees must not have financial interest in contracts awarded by Schlau Energy or a related entity, or in purchases & services effected or services rendered to or by such a company. Where this is unavoidable or immediate family members have such a financial interest, such interest shall be disclosed in writing to the Ethics and Compliance unit.
Employees must not seek or accept from third parties to his own advantage any favour in whatsoever form or howsoever described in connection with the business of Schlau Energy or his duties, except for the acceptance of such things as gifts of nominal value and working lunches, dinners and entertainment of reasonable value at a frequency and duration appropriate under the circumstances.
Employees must not hold positions or jobs or engage in outside businesses or other interests that adversely impact the performance of duties owed to Schlau Energy.
Employees must avoid any relationship with vendors that could compromise the ability to transact business on a professional, impartial and competitive basis or influence decisions to be made by Schlau Energy.
Employees must provide accurate, timely, and understandable disclosure in regulatory filings and public communications made by Schlau Energy.
Employees are held accountable for the full compliance with Code of Conduct and business Ethics with respect to any issues within their control. Sanctions for any breach shall be determined by the Ethics and Compliance unit. Sanctions may involve disciplinary action, removal from office and dismissal as well as other remedies, all to the extent allowable by law and as appropriate under the situations.
