The culture and principle of Bayscom energy limited is centered around integrity and trust built between the company, its staff and the stake holders in the oil and gas industry globally, hence the company’s commitment to the highest standards of business integrity.
This statement of integrity represents the company’s non-negotiable standards for achieving business integrity.
Dealing with Stake Holders
Bayscom Energy live by the saying that “there is morality in business”, and all of our employees are expected to abide by this principle without exception, meaning all actions are judged not only on the basis of their legality but also by considering whether it is ethical or fair to our stake holders. We will honor our contractual obligations and treat our employees fairly and abide by all laws against discrimination of both our customers and employees.
Refusal to Engage in Corruption
Bayscom Energy employees will not accept, offer or give anything of value that could compromise an employee’s judgment, inappropriately influence others or reflect negatively on the Company. Bayscom wins business on the strength and quality of our service offerings. We do not give gifts or other things of value to public officials in order to obtain a business advantage, and we do not permit others to do so on our behalf.
Conflicts of Interest
Integrity dictates that all employees avoid doing anything that presents an actual or a potential conflict of interest. Conflicts of interest exist, for example, when an employee is in a position to influence a Bayscom decision that could result in a personal gain for the employee, a relative, or a close acquaintance.Bayscom makes all business decisions objectively, not on the basis of any individual employee’s personal benefit or advantage.
Confidentiality, Use of Assets and Insider Trading
Bayscom employees work professionally and in good faith to advance Bayscom’s business interests.
They are responsible for ensuring that Group assets are not misused or wasted, including Bayscom’s proprietary business information and other intangible property. All employees have a duty to protect confidential information about Bayscom, its clients, suppliers and employees, even after they leave the company. Likewise, they must not use Bayscom’s property or information for their personal gain, or that of their relatives, friends or acquaintances.
Financial Statement Integrity and the Group’s Records
Bayscom Energy strives to earn the trust and confidence of its shareholders, its regulators and the public, and is committed to providing them with accurate, transparent and timely information. The integrity of Bayscom’s records is essential to these goals, and also ensures that the Group can base its business decisions on full, accurate and reliable information. Bayscom and its employees are required to keep accurate and proper books and accounting and other records which give a true and fair view of the financial position, results of operations, transactions, assets and liabilities of the Company.
Employee Responsibilities and Reporting of Violations
Bayscom energy’s employees understand their responsibility in accepting and abiding by this statement, and the consequences attached to violation of the principle by which this document was drafted. They are also responsible for promptly reporting any violations and escalating concerns or observations as soon as they arise.