kindly write summary of this PakistanOxygen2Ethics and compliance within Pakistan Oxygen Limited("the Company")1.The CompanyIn Pakistan, our Company has led the development of the industrialgases industry for more than 80 years, providing customized solutions tomeet the specific needs of our customers. The Company manufacturesand distributes industrial, medical and speciality gases as well aswelding products and provides a wide range of related servicesincluding the installation of on-site plants, gas equipment, pipelines andassociated engineering services.more than 4,000 customers from a wide spectrum of industries rangingfrom chemicals and petrochemicals to steel, food and healthcare.The Company supplies prodUcts toWhat does the code mean for each employee?Each employee must, using the code as a reference point, learn andcomply with the standards and laws that apply to their job. The codeapplies to all employees, directors and officers. The Company will seekto influence and encourage its business partners to adopt thestandards set out in the code. The standards in the code must beapplied to all our business operations.The code does not alter the terms and conditions of employment withthe Company, rather it helps each of us to understand what isexpected of us to make sure we always act responsibly and withintegrity. The Company will actively monitor the standards set out in thecode. Failure to comply with the standards set out in the code mayresult in disciplinary action, including dismissal, and may also result incriminal or civil prosecution.Why does the Company need a code?The standards set out in this code determine how the Company wllmaintain its relationships with customers, suppliers, government, otherbusinesses, the environment and people. These standards provideclear guidance on how wecircumstances and will ensure that the Company's good reputation willbe maintained and enhanced. Failing to follow the Company's Codeof Ethics may expose the organisation and its employees to serioUSare expected to act in certain PakistanOxygen3harm - to the business, environment, people and the reputation wehave all worked to earn. We could also be exposed to penalties andeven imprisonment of individuals in serious cases of misconduct.Acting responsibly is important and requires ever greater care giventhe ever-changing corporate environment.How will the Company sustain the code?The Company's Code of Ethics is to be a reference point for allemployees. The Company will make every effort to uphold and sustainthe code and as a starting point will provide training on relevantethical and legal issues to all employees. A comprehensive program isdesigned to uphold and sustain the code on an on-going basis.Does the code include all the Company's standards, policies andpractices?The code cannot describe in detail every policy statement, a standardor practice that may apply in every situation. Where there are moredetailed guidelines or standards to clarify the code, details of how tofind these are given within the code itself. The guidelines, standards,policies or information sources referred to in this code are not part ofthe code itself.How is the code organised?The Company's Code of Ethics is structured to reflect the expectationsof our main stakeholder groups. Our stakeholders are people with anabiding interest in our company; customers,satisfied and feel understood, suppliers – suppliers who appreciate usbecause we are demanding, yet fair, markets, markets in which weplay an important role, shareholdersorganisation to maximise the value of their investment, employees -employees who work with enthusiasm and pride because they feelchallenged and valued, communitiesCompany plays a practical and positive role.customers who areshareholders who expect our-communities in which the

Question

kindly write summary of this PakistanOxygen2Ethics and compliance within Pakistan Oxygen Limited(&#34;the Company&#34;)1.The CompanyIn Pakistan, our Company has led the development of the industrialgases industry for more than 80 years, providing customized solutions tomeet the specific needs of our customers. The Company manufacturesand distributes industrial, medical and speciality gases as well aswelding products and provides a wide range of related servicesincluding the installation of on-site plants, gas equipment, pipelines andassociated engineering services.more than 4,000 customers from a wide spectrum of industries rangingfrom chemicals and petrochemicals to steel, food and healthcare.The Company supplies prodUcts toWhat does the code mean for each employee?Each employee must, using the code as a reference point, learn andcomply with the standards and laws that apply to their job. The codeapplies to all employees, directors and officers. The Company will seekto influence and encourage its business partners to adopt thestandards set out in the code. The standards in the code must beapplied to all our business operations.The code does not alter the terms and conditions of employment withthe Company, rather it helps each of us to understand what isexpected of us to make sure we always act responsibly and withintegrity. The Company will actively monitor the standards set out in thecode. Failure to comply with the standards set out in the code mayresult in disciplinary action, including dismissal, and may also result incriminal or civil prosecution.Why does the Company need a code?The standards set out in this code determine how the Company wllmaintain its relationships with customers, suppliers, government, otherbusinesses, the environment and people. These standards provideclear guidance on how wecircumstances and will ensure that the Company's good reputation willbe maintained and enhanced. Failing to follow the Company's Codeof Ethics may expose the organisation and its employees to serioUSare expected to act in certain PakistanOxygen3harm - to the business, environment, people and the reputation wehave all worked to earn. We could also be exposed to penalties andeven imprisonment of individuals in serious cases of misconduct.Acting responsibly is important and requires ever greater care giventhe ever-changing corporate environment.How will the Company sustain the code?The Company's Code of Ethics is to be a reference point for allemployees. The Company will make every effort to uphold and sustainthe code and as a starting point will provide training on relevantethical and legal issues to all employees. A comprehensive program isdesigned to uphold and sustain the code on an on-going basis.Does the code include all the Company's standards, policies andpractices?The code cannot describe in detail every policy statement, a standardor practice that may apply in every situation. Where there are moredetailed guidelines or standards to clarify the code, details of how tofind these are given within the code itself. The guidelines, standards,policies or information sources referred to in this code are not part ofthe code itself.How is the code organised?The Company's Code of Ethics is structured to reflect the expectationsof our main stakeholder groups. Our stakeholders are people with anabiding interest in our company; customers,satisfied and feel understood, suppliers – suppliers who appreciate usbecause we are demanding, yet fair, markets, markets in which weplay an important role, shareholdersorganisation to maximise the value of their investment, employees -employees who work with enthusiasm and pride because they feelchallenged and valued, communitiesCompany plays a practical and positive role.customers who areshareholders who expect our-communities in which the

Accepted Answer

The ethics and compliance of the company have certain codes and standards that every employee has to…