All Directors of Allied Bank Limited (ABL) shall:
a) Conform to and abide by all legal and regulatory requirements while performing their duties and comply with all lawful orders and directives. They shall observe and adhere to all applicable laws, rules, regulations, statutory requirements, regulatory directives, and ABL’s internal policies.
b) Refrain from bringing, or attempting to bring, political or other forms of pressure or influence, directly or indirectly, on the Bank.
c) Report to the Board any non-compliance or violation of laws or policies that come to their knowledge.
d) Comply with applicable guidelines and principles outlined in the SBP Corporate Governance Regulatory Framework, SECP Code of Corporate Governance Regulations, and the SECP Code of Conduct for Board of Directors.
a) Conduct themselves with the highest standards of ethics, professional integrity, and dignity in all dealings with stakeholders. They shall not engage in conduct discreditable to ABL, the profession, or the nation. Any awareness of irregularities that may affect ABL’s interests shall be reported to the Board immediately.
b) Utilize their abilities, experience, and expertise to achieve the Bank’s objectives; maintain high standards of professional conduct; safeguard the Bank’s assets; and respect the interests of all stakeholders. Transparency must be practiced in all business-related actions and decisions.
c) Reject all forms of corruption—direct, indirect, public, or private—and refrain from participating in bribery, kickbacks, payoffs, or any other corrupt practices.
d) Remain loyal to the Bank, consistently placing the Bank’s interests above personal interests.
a) Maintain the confidentiality of all information acquired in their capacity as Members of the Board of Directors or information that otherwise comes to their knowledge. They shall not disclose such information unless required by law, statutory authority, or ABL’s internal policies. All such information shall be treated as a trust, used solely for its intended purpose, and not for personal benefit. Insider information shall not be used for personal gain or to benefit others.
b) Directors are strictly prohibited from disclosing to customers or any other party the fact that a suspicious transaction or related information has been or is being reported to any authority, except where disclosure is required by law.
a) Discharge their duties honestly and faithfully, placing the Bank’s interests above all other considerations. They shall promote the goodwill of ABL and conduct all interactions and correspondence with courtesy and professionalism, especially when dealing with government officials, regulators (including the State Bank of Pakistan), other banks and financial institutions, ABL’s constituents, and the public.
b) Treat all individuals equally and exhibit high standards of personal conduct.
c) Exercise due diligence, objectivity, and sound, independent judgment in the performance of their duties.
a) Respect the opinions of fellow Board members and strive to reach unanimous decisions in their fiduciary role. Directors shall always remain courteous and ensure personal differences do not interfere with their responsibilities. If a Director disagrees with the majority, they may formally record their note of dissent.
b) Refrain from using ABL’s assets for personal benefit, except where explicitly permitted by the Bank. Directors shall not engage in unethical practices or any act prohibited under applicable laws, regulations, or internal policies.
c) Avoid giving interviews to print or electronic media, appearing in public media (television, cinema, stage plays), or using ABL’s name or position as a Director for publicity without prior approval from the Chairman of the Board.
a) Avoid any situation that results in an actual or perceived conflict between personal interests and the interests of the Bank or its stakeholders. Where such a situation arises or may arise, the Director shall immediately disclose the conflict to the Board.
b) No Director shall exploit for personal gain any opportunities discovered through the use of corporate property, information, or position, unless fully disclosed in writing to the Board and expressly authorized by the Board.
c) Directors with a personal interest in any matter shall not participate in related discussions, voting, or oversight of such matters.
d) Avoid any dealings with contractors or suppliers that compromise the Director’s ability to transact business impartially, professionally, and competitively, or that may influence discretionary decisions.
e) Refrain from holding any position or engaging in outside business or activities that may conflict with or be prejudicial to the Bank’s interests.
f) Avoid making statements that could be construed as adverse criticism of the Bank’s policies or actions, or that could damage the Bank’s reputation or stakeholder relationships. This does not apply to factual, non-confidential statements made in an official capacity or in the course of fulfilling assigned duties.
g) Refrain from accepting gifts, personal favors, or preferential treatment that could influence, or appear to influence, business decisions involving any person or organization with which the Bank has or may have business dealings.
a) Directors shall not trade in ABL’s shares or securities, directly or indirectly, based on price-sensitive information to which they have access by virtue of their position.
b) Ensure strict compliance with all relevant laws, regulations, and ABL’s internal framework concerning the prohibition of insider trading.
a) Encourage management to adopt digitalization to enhance operational efficiency and contribute to environmental protection.
b) Promote philanthropic initiatives, charitable contributions, green banking, and other activities aligned with sustainable social welfare practices.
c) Ensure that ABL operates in an environmentally and socially responsible manner with robust governance in line with global best practices.
a) Treat all shareholders and stakeholders fairly and with respect.
b) Act in the best interests of the Bank and fulfill their fiduciary responsibilities.
c) Consider the interests of all stakeholders in the long-term success of the Bank.
a) Promote an appropriate mix of core competencies, diversity, requisite skills, knowledge, experience, maturity, and gender representation on the Board.
b) Provide equal opportunities for employment at ABL regardless of culture, race, gender, caste, or religion.
c) Foster a work environment free from discrimination, harassment, and intimidation.
d) Encourage management to prioritize the safety, health, and well-being of all employees by maintaining a safe, competitive, and healthy working environment.
