2. Making ethical decisions On some occasions, whilst the Company's Code of Ethics may give you some guidance on a specific set of circumstances, you may still feel uncertain about what decision to make. You should try to consult with your line manager or supervisor in such a situation. The Company will also conduct itself fairly and honestly, always competing as vigorously as possible within legal boundaries. 3. Dealing with our customers, suppliers and markets

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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kindly write proper summary of this. 

Pakistan
Oxygen
2.
Making ethical decisions
On some occasions, whilst the Company's Code of Ethics may give
you some guidance on a specific set of circumstances, you may still
feel uncertain about what decision to make. You should try to consult
with your line manager or supervisor in such a situation.
The Company will also conduct itself fairly and honestly, always
competing as vigorously as possible within legal boundaries.
3.
Dealing with our customers, suppliers and markets
Competition
Competition or anti-trust laws are designed to protect free and fair
competition and to ensure that the best interests of consumer are
served.
• The
The Company will abide by competition laws meant to preserve
free, fair and open competition and to promote a competitive
marketplace.
The Company supports vigorous, lawful and ethical competition.
The success of the Company is based on the quality of its products
and the services it offers through its employees or third-party
associates in a fair and transparent manner.
While, the Company needs to know what its competitors are doing
in order to effectively compete in the market, it may gather
information through fair & transparent means and not by deception,
misrepresentation, or any other illegal or unethical way.
Anticompetitive behaviour, such
agreements with competitors, can lead to severe consequences;
including,
as
entering into unlawful
Fines of upto Rs. 75 million or upto 10 percent of annual
turnover.
Private actions can be brought against the Company by its
customers for damages.
LO
Transcribed Image Text:Pakistan Oxygen 2. Making ethical decisions On some occasions, whilst the Company's Code of Ethics may give you some guidance on a specific set of circumstances, you may still feel uncertain about what decision to make. You should try to consult with your line manager or supervisor in such a situation. The Company will also conduct itself fairly and honestly, always competing as vigorously as possible within legal boundaries. 3. Dealing with our customers, suppliers and markets Competition Competition or anti-trust laws are designed to protect free and fair competition and to ensure that the best interests of consumer are served. • The The Company will abide by competition laws meant to preserve free, fair and open competition and to promote a competitive marketplace. The Company supports vigorous, lawful and ethical competition. The success of the Company is based on the quality of its products and the services it offers through its employees or third-party associates in a fair and transparent manner. While, the Company needs to know what its competitors are doing in order to effectively compete in the market, it may gather information through fair & transparent means and not by deception, misrepresentation, or any other illegal or unethical way. Anticompetitive behaviour, such agreements with competitors, can lead to severe consequences; including, as entering into unlawful Fines of upto Rs. 75 million or upto 10 percent of annual turnover. Private actions can be brought against the Company by its customers for damages. LO
Pakistan
ygen
Serious reputational harm, which in turn can affect the
Company's share price.
Unintentional violations of Competition Law may be punishable.
Therefore, no violations of Competition Laws will be tolerated by the
Company.
Incase of doubt regarding matters related to the Competition Law, all
employees are encouraged to consult with the Company's Legal
Department.
Dealing with government Officials
• Special care must be taken when:
dealing with the government departments/officials either in
the capacity of customer or regulator.
All Company employees must take care not to expose the
Company to unnecessary risk during such dealings.
Any information provided to a government official, either as a
customer or a regulator, must be truthful and accurate and protect
the Company's legitimate interests effectively.
The Company's legal department can provide guidance for such
information.
Our products
Our business and reputation is built around our customers. Whatever
the industry or interest, we continue to respond to its needs as quickly
and effectively as possible. The ever changing requirements of
customers are the driving force behind the development of all our
products, technologies and support services. The Company provides
gas products, facilities and turnkey services and solutions which are
customized to meet the unique needs of our customers and add value
to their businesses. Our competitive advantage is our extensive process
engineering, project development and comprehensive product
Pakistan
Oxygen
7
portfolio. We have the widest range of bulk and compressed gases
product lines as well as welding consumables, equipment and safety
gear.
The Company strives to ensure that our products are made to the
highest standards with respect to safety, health, the environment and
quality (SHEQ).
Transcribed Image Text:Pakistan ygen Serious reputational harm, which in turn can affect the Company's share price. Unintentional violations of Competition Law may be punishable. Therefore, no violations of Competition Laws will be tolerated by the Company. Incase of doubt regarding matters related to the Competition Law, all employees are encouraged to consult with the Company's Legal Department. Dealing with government Officials • Special care must be taken when: dealing with the government departments/officials either in the capacity of customer or regulator. All Company employees must take care not to expose the Company to unnecessary risk during such dealings. Any information provided to a government official, either as a customer or a regulator, must be truthful and accurate and protect the Company's legitimate interests effectively. The Company's legal department can provide guidance for such information. Our products Our business and reputation is built around our customers. Whatever the industry or interest, we continue to respond to its needs as quickly and effectively as possible. The ever changing requirements of customers are the driving force behind the development of all our products, technologies and support services. The Company provides gas products, facilities and turnkey services and solutions which are customized to meet the unique needs of our customers and add value to their businesses. Our competitive advantage is our extensive process engineering, project development and comprehensive product Pakistan Oxygen 7 portfolio. We have the widest range of bulk and compressed gases product lines as well as welding consumables, equipment and safety gear. The Company strives to ensure that our products are made to the highest standards with respect to safety, health, the environment and quality (SHEQ).
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