The WAVETECH provides an ethical road map and guidelines for all team members and its divisions. Although we conduct business in several industrial segments, it is important that we have a common framework to ensure that our conduct is always aligned with our values.
All team members are obliged to follow the tenets of the code of conduct. It encapsulates our values of integrity, responsibility, excellence, pioneering and unity. It lays down the principles of:
The Company values its reputation for complying with applicable laws and regulations in the conduct of its business. Therefore, every team member, while acting on behalf of the company, shall comply with all applicable domestic or foreign governmental laws, rules and regulations, while avoiding legally permissible conduct which is considered inconsistent with the ethical principles in which the Company subscribes.
Our values are mainly partner centric where we are committed to knowing our partners and developing long-term relationships with them, making sure we provide them with excellent services. We work together as one team across our divisions providing a superior partner experience. We are trusted to deliver at every given opportunity, demonstrating integrity and quality to all our product and services. Treating all our partners in a fair, ethical and non-discriminatory manner, throughout the life cycle of the relationship, is an integral part of our working culture.
We recognize that our team members are our most valuable asset and are essential for the success of our business. We offer equal treatment to all job applicants and employees. We do not discriminate on the grounds of race, religion, color, nationality, ethnic or national origin, gender, marital status, disability or any other basis in accordance with good moral conduct. Discrimination, harassment, violence or bullying of any kind is not be tolerated. Each team member is responsible to any behavior that violates this policy. We take all allegations seriously.
We rely on the employee’s personal integrity to protect our reputation. Each employee’s responsibility under this Code is to understand and comply with the Code and act fairly, honestly and with integrity when performing duties on behalf of the Company.
Managers have a greater level of responsibility. The managers lead by example, promote equal opportunity and not favor or victimize any colleagues, assist team members with ethical queries or direct them to someone who can help, inform team members on how to report misconduct and protect team members from any form of retaliation if they report such misconduct in good faith.
All employees must abide by the Company’s policy, its rules and regulations and act in accordance with the authority granted to them by the Management or Board of Directors.
Employees shall maintain the confidentiality of information entrusted to them by the Company or its suppliers or partners, except when disclosure is authorized by company’s management or disclosure is required by law, applicable governmental regulations or legal proceedings. Whenever feasible, the employees shall consult with the Board of Directors before disclosing confidential information if they believe they have a legal obligation to do so.
Employees shall maintain the confidentiality of information entrusted to them by the Company or its suppliers or partners, except when disclosure is authorized by company’s management or disclosure is required by law, applicable governmental regulations or legal proceedings. Whenever feasible, the employees shall consult with the Board of Directors before disclosing confidential information if they believe they have a legal obligation to do so.
All books, records, accounts and other financial information that are the building blocks of the Company’s external financial reporting must be reasonably detailed, must accurately reflect transactions and events and must conform to applicable legal and accounting requirements. The Company has established and maintains a system of internal controls over financial reporting that consists of policies and procedures designed and operated to provide reasonable assurance about the reliability of the company’s financial reporting and its process for preparing and fairly presenting financial statements in accordance with generally accepted accounting principles in the country. This system includes the Company’s policies and procedures for maintaining accurate and complete accounting records, authorizing receipts and disbursements and the safeguarding of assets.
Information or knowledge of any actual or contemplated transaction or conduct that appears to violate this Code or who becomes aware of an actual or potential conflict of interest shall promptly report the matter to the HR & Administration.
The failure of any the Company employee to comply with this Code will result in disciplinary action which, depending on the seriousness of the matter, may include reprimand, probation, suspension, demotion or dismissal, and possible civil or criminal action including reporting the unethical behavior to the appropriate authorities. Disciplinary measures will apply to supervisors and senior executives who condone questionable, improper, or illegal conduct by those employees reporting to them or who fail to take appropriate corrective action when such matters are brought to their attention, or who allow unethical or illegal conduct to occur because of their inattention to their supervisory responsibilities.
The Company aims to provide a safe and inspiring working environment to all employees. All employees are required to conduct their duties without endangering health and safety in the workplace. At Almoayyed, it is every employee’s right and responsibility to maintain health and safety activities that promote the development of well-being for themselves and their work community.
Occupational and absolute Health - safety rules -
WAVTECH believes that health and safety are two sides of the same coin on which every project is hinged on. All the employees are trained on safety policy and implementation. Following is the activities that are conducted:
We are committed to good corporate citizenship and shall actively assist in the improvement of the quality of life of the people in the communities in which we operate. We encourage our workforce to volunteer on events that benefit the communities, provided the principles of this Code, where applicable, and in particular the ‘Conflicts of Interest’ clause are followed.
We support and encourage the use and development of environmentally friendly technologies, products, and services, looking to contribute to sustainable development. The Company is committed to its corporate social responsibility by promoting environmental practices and products that protect the environment while enhancing the lives of our employees, our partners and our communities.
Discipline is paramount for any organization and the Company expects their employees to respect each other and work together as a team in peace and harmony. It is the policy to establish and maintain a favorable work environment and effective relationships between the group and its employees.`5